Verition Fund Management LLC Trims Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Verition Fund Management LLC lessened its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 51.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,034 shares of the company’s stock after selling 40,409 shares during the period. Verition Fund Management LLC owned about 0.12% of Boot Barn worth $6,362,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BOOT shares. Piper Sandler reaffirmed an “overweight” rating and set a $179.00 target price on shares of Boot Barn in a research report on Tuesday, October 29th. BTIG Research raised their price objective on Boot Barn from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Benchmark reiterated a “buy” rating and issued a $192.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. Williams Trading restated a “buy” rating and issued a $173.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. Finally, Craig Hallum lowered shares of Boot Barn from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $154.00 to $162.00 in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.55.

Boot Barn Trading Up 6.5 %

Shares of Boot Barn stock opened at $146.02 on Tuesday. Boot Barn Holdings, Inc. has a 12-month low of $68.37 and a 12-month high of $169.83. The firm’s 50 day simple moving average is $149.17 and its two-hundred day simple moving average is $137.08. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 27.54 and a beta of 2.16.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.02. The firm 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 company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the business posted $0.91 earnings per share. On average, sell-side analysts predict that Boot Barn Holdings, Inc. will post 5.48 EPS for the current fiscal year.

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.