Captrust Financial Advisors Trims Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Captrust Financial Advisors lessened its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 16.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,653 shares of the company’s stock after selling 326 shares during the period. Captrust Financial Advisors’ holdings in Boot Barn were worth $277,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Boot Barn by 20.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,758 shares of the company’s stock worth $963,000 after buying an additional 984 shares during the period. Blueshift Asset Management LLC purchased a new stake in Boot Barn in the third quarter worth about $3,343,000. Cynosure Group LLC purchased a new stake in Boot Barn in the third quarter worth about $376,000. Dynamic Technology Lab Private Ltd grew its holdings in Boot Barn by 81.5% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 9,446 shares of the company’s stock worth $1,580,000 after acquiring an additional 4,242 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in Boot Barn by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,192 shares of the company’s stock valued at $701,000 after purchasing an additional 83 shares during the period.

Boot Barn Stock Down 1.5 %

BOOT stock opened at $144.49 on Friday. Boot Barn Holdings, Inc. has a 52 week low of $68.37 and a 52 week high of $169.83. The stock has a market capitalization of $4.41 billion, a PE ratio of 29.01 and a beta of 2.14. The firm has a 50 day moving average of $145.52 and a 200 day moving average of $139.35.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BOOT. Williams Trading reiterated a “buy” rating and set a $173.00 price objective on shares of Boot Barn in a research note on Tuesday, October 29th. Citigroup dropped their target price 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. Robert W. Baird raised Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price target for the company in a research report on Wednesday, October 30th. Craig Hallum downgraded Boot Barn from a “buy” rating to a “hold” rating and raised their price objective for the company from $154.00 to $162.00 in a research report on Friday, October 25th. Finally, UBS Group boosted their target price on shares of Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Boot Barn currently has an average rating of “Moderate Buy” and a consensus price target of $164.55.

Boot Barn Company 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.