Glenmede Trust Co. NA Sells 3,292 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Glenmede Trust Co. NA lowered its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 49.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,368 shares of the company’s stock after selling 3,292 shares during the quarter. Glenmede Trust Co. NA’s holdings in Boot Barn were worth $563,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Cynosure Group LLC bought a new position in Boot Barn in the third quarter worth approximately $376,000. Dynamic Technology Lab Private Ltd grew its stake in Boot Barn by 81.5% in the third quarter. Dynamic Technology Lab Private Ltd now owns 9,446 shares of the company’s stock worth $1,580,000 after purchasing an additional 4,242 shares in the last quarter. Fisher Asset Management LLC grew its stake in Boot Barn by 2.0% in the third quarter. Fisher Asset Management LLC now owns 4,192 shares of the company’s stock worth $701,000 after purchasing an additional 83 shares in the last quarter. Algert Global LLC grew its stake in Boot Barn by 653.9% in the third quarter. Algert Global LLC now owns 23,001 shares of the company’s stock worth $3,848,000 after purchasing an additional 19,950 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in Boot Barn by 85.0% in the third quarter. Cerity Partners LLC now owns 2,949 shares of the company’s stock worth $493,000 after purchasing an additional 1,355 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BOOT shares. BTIG Research increased their price objective on Boot Barn from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Benchmark reaffirmed a “buy” rating and set a $192.00 target price on shares of Boot Barn 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 target price on the stock in a research report on Wednesday, October 30th. Baird R W raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their target price on Boot Barn from $160.00 to $181.00 and gave the company an “overweight” rating 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 assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Boot Barn currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.55.

Boot Barn Price Performance

Shares of BOOT stock opened at $147.53 on Wednesday. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 29.62 and a beta of 2.14. The business has a fifty day moving average of $148.81 and a 200 day moving average of $137.32. Boot Barn Holdings, Inc. has a 1 year low of $68.37 and a 1 year high of $169.83.

Boot Barn (NYSE:BOOT) last issued its earnings results on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. The company had revenue of $425.80 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. As a group, equities research analysts expect that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current year.

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.