Cynosure Group LLC Decreases Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Cynosure Group LLC decreased its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 6.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,099 shares of the company’s stock after selling 149 shares during the period. Cynosure Group LLC’s holdings in Boot Barn were worth $319,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC grew its stake in Boot Barn by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock worth $113,150,000 after purchasing an additional 6,369 shares in the last quarter. Dale Q Rice Investment Management Ltd purchased a new position in shares of Boot Barn in the 4th quarter valued at about $1,544,000. Stephens Investment Management Group LLC purchased a new position in shares of Boot Barn in the 4th quarter valued at about $46,699,000. Alberta Investment Management Corp acquired a new position in shares of Boot Barn during the fourth quarter worth about $2,842,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Boot Barn by 56.5% during the third quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company’s stock worth $23,638,000 after buying an additional 51,032 shares during the period.

Boot Barn Stock Up 3.7 %

NYSE:BOOT opened at $115.09 on Thursday. The company has a market capitalization of $3.52 billion, a PE ratio of 20.55, a P/E/G ratio of 1.17 and a beta of 1.75. Boot Barn Holdings, Inc. has a 52-week low of $96.31 and a 52-week high of $176.64. The stock’s 50 day moving average price is $126.88 and its 200 day moving average price is $142.64.

Boot Barn (NYSE:BOOT) last announced its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. As a group, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BOOT has been the subject of several analyst reports. Craig Hallum set a $178.00 price target on shares of Boot Barn in a report on Friday, January 31st. UBS Group lowered their target price on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Robert W. Baird cut their price target on Boot Barn from $190.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 5th. Bank of America lifted their price target on Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. increased their price objective on Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $181.92.

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.