Verition Fund Management LLC Lowers Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Verition Fund Management LLC cut its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 51.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,034 shares of the company's stock after selling 40,409 shares during the period. Verition Fund Management LLC owned approximately 0.12% of Boot Barn worth $6,362,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of BOOT. Price T Rowe Associates Inc. MD raised its stake in Boot Barn by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,722 shares of the company's stock valued at $1,782,000 after acquiring an additional 1,188 shares during the period. GAMMA Investing LLC increased its holdings in Boot Barn by 111.1% in the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company's stock worth $34,000 after buying an additional 140 shares in the last quarter. Tilia Fiduciary Partners Inc. grew its stake in shares of Boot Barn by 1.4% during the 2nd quarter. Tilia Fiduciary Partners Inc. now owns 10,209 shares of the company's stock valued at $1,316,000 after purchasing an additional 136 shares during the period. OLD National Bancorp IN purchased a new position in shares of Boot Barn during the 2nd quarter valued at about $288,000. Finally, SG Americas Securities LLC raised its holdings in shares of Boot Barn by 68.1% during the 2nd quarter. SG Americas Securities LLC now owns 4,399 shares of the company's stock worth $567,000 after acquiring an additional 1,782 shares in the last quarter.

Analyst Ratings Changes

BOOT has been the subject of several research reports. Williams Trading restated a "buy" rating and set a $173.00 price objective on shares of Boot Barn in a research note on Tuesday, October 29th. Robert W. Baird upgraded shares of Boot Barn from a "neutral" rating to an "outperform" rating and set a $167.00 target price on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on shares of Boot Barn from $160.00 to $181.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. Benchmark restated a "buy" rating and set a $192.00 target price on shares of Boot Barn in a research report on Tuesday, October 29th. Finally, Citigroup lowered their target price on shares of Boot Barn from $194.00 to $178.00 and set a "buy" rating for the company in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $164.55.

Boot Barn Stock Performance

Shares of NYSE:BOOT traded up $1.48 on Tuesday, hitting $147.53. The stock had a trading volume of 492,102 shares, compared to its average volume of 777,963. The firm's 50 day moving average price is $148.81 and its 200-day moving average price is $137.32. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of 29.62 and a beta of 2.14. Boot Barn Holdings, Inc. has a twelve month low of $68.37 and a twelve month high of $169.83.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.02. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The business had revenue of $425.80 million during the quarter, compared to the consensus estimate of $424.42 million. During the same quarter last year, the firm posted $0.91 EPS. The company's quarterly revenue was up 13.7% on a year-over-year basis. As a group, sell-side analysts predict that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.

Boot Barn Profile

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.