OneDigital Investment Advisors LLC Sells 344 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

OneDigital Investment Advisors LLC reduced its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 20.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,301 shares of the company’s stock after selling 344 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Boot Barn were worth $218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of BOOT. Westwood Holdings Group Inc. raised its position in shares of Boot Barn by 29.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 545,644 shares of the company’s stock valued at $51,918,000 after buying an additional 124,060 shares in the last quarter. Capital Research Global Investors purchased a new stake in Boot Barn during the first quarter valued at about $32,779,000. Janus Henderson Group PLC lifted its stake in Boot Barn by 1,212.4% during the first quarter. Janus Henderson Group PLC now owns 285,174 shares of the company’s stock worth $27,134,000 after purchasing an additional 263,444 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Boot Barn by 3.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 259,885 shares of the company’s stock worth $33,507,000 after purchasing an additional 9,126 shares in the last quarter. Finally, Tributary Capital Management LLC increased its position in shares of Boot Barn by 0.3% during the 2nd quarter. Tributary Capital Management LLC now owns 218,817 shares of the company’s stock valued at $28,212,000 after purchasing an additional 649 shares during the last quarter.

Boot Barn Stock Performance

Shares of BOOT stock opened at $137.12 on Friday. Boot Barn Holdings, Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $169.83. The firm has a market cap of $4.19 billion, a P/E ratio of 27.53 and a beta of 2.16. The business’s 50 day moving average price is $151.42 and its 200-day moving average price is $135.50.

Boot Barn (NYSE:BOOT) last issued 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. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The business had revenue of $425.80 million for the quarter, compared to the consensus estimate of $424.42 million. During the same period in the previous year, the firm earned $0.91 EPS. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, equities analysts predict that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $192.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. Baird R W raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. BTIG Research lifted their target price on shares of Boot Barn from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Craig Hallum lowered shares of Boot Barn from a “buy” rating to a “hold” rating and upped their price target for the company from $154.00 to $162.00 in a research report on Friday, October 25th. Finally, UBS Group lifted their price objective on Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $164.55.

About Boot Barn

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.