WCM Investment Management LLC Decreases Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

WCM Investment Management LLC lowered its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 41.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 139,120 shares of the company's stock after selling 97,112 shares during the period. WCM Investment Management LLC owned approximately 0.46% of Boot Barn worth $22,971,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BOOT. Capital Research Global Investors bought a new position in Boot Barn during the 1st quarter worth approximately $32,779,000. Janus Henderson Group PLC grew its position in Boot Barn by 1,212.4% during the 1st quarter. Janus Henderson Group PLC now owns 285,174 shares of the company's stock worth $27,134,000 after acquiring an additional 263,444 shares during the last quarter. Marshall Wace LLP bought a new position in Boot Barn during the 2nd quarter worth approximately $19,532,000. Westwood Holdings Group Inc. grew its position in Boot Barn by 29.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 545,644 shares of the company's stock worth $51,918,000 after acquiring an additional 124,060 shares during the last quarter. Finally, F M Investments LLC bought a new position in Boot Barn during the 2nd quarter worth approximately $14,888,000.

Boot Barn Trading Up 1.0 %

NYSE:BOOT traded up $1.41 during trading hours on Monday, reaching $136.55. 1,042,959 shares of the company traded hands, compared to its average volume of 771,970. The business's 50-day moving average price is $153.01 and its two-hundred day moving average price is $134.11. The stock has a market capitalization of $4.17 billion, a P/E ratio of 27.42 and a beta of 2.16. Boot Barn Holdings, Inc. has a 1 year low of $68.37 and a 1 year high of $169.83.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BOOT shares. Citigroup cut their price objective on Boot Barn from $194.00 to $178.00 and set a "buy" rating on the stock in a research report on Tuesday, October 29th. Craig Hallum lowered Boot Barn from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $154.00 to $162.00 in a research report on Friday, October 25th. UBS Group lifted their price objective on Boot Barn from $127.00 to $165.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 16th. Robert W. Baird upgraded Boot Barn from a "neutral" rating to an "outperform" rating and set a $167.00 price objective on the stock in a research report on Wednesday, October 30th. Finally, Williams Trading reiterated a "buy" rating and issued a $173.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $164.55.

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.