Boot Barn Holdings, Inc. $BOOT Stake Decreased by Riverbridge Partners LLC

Riverbridge Partners LLC reduced its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 14.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,653 shares of the company’s stock after selling 9,822 shares during the quarter. Riverbridge Partners LLC owned 0.19% of Boot Barn worth $6,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Knights of Columbus Asset Advisors LLC lifted its stake in Boot Barn by 0.5% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 16,031 shares of the company’s stock valued at $1,931,000 after acquiring an additional 75 shares during the period. Keybank National Association OH grew its stake in shares of Boot Barn by 23.2% in the third quarter. Keybank National Association OH now owns 2,429 shares of the company’s stock worth $293,000 after acquiring an additional 458 shares during the period. Van Berkom & Associates Inc. bought a new stake in shares of Boot Barn in the third quarter worth approximately $3,057,000. Fulcrum Asset Management LLP bought a new stake in shares of Boot Barn in the third quarter worth approximately $1,181,000. Finally, Hohimer Wealth Management LLC purchased a new position in shares of Boot Barn during the third quarter valued at approximately $459,000.

Analyst Ratings Changes

A number of research analysts recently weighed in on BOOT shares. Jefferies Financial Group restated a “buy” rating and set a $175.00 price objective on shares of Boot Barn in a research report on Friday, October 30th. Zacks Research downgraded shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 27th. BTIG Research reiterated a “buy” rating and set a $195.00 target price on shares of Boot Barn in a research note on Monday. Piper Sandler reiterated an “overweight” rating and set a $187.00 target price (down from $226.00) on shares of Boot Barn in a research note on Thursday, October 29th. Finally, Craig Hallum reissued a “buy” rating and set a $225.00 price target on shares of Boot Barn in a report on Thursday, October 29th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $183.92.

Boot Barn Stock Down 0.6%

Boot Barn stock opened at $134.23 on Wednesday. The business has a 50-day simple moving average of $128.10 and a two-hundred day simple moving average of $156.40. The company has a market cap of $4.01 billion, a P/E ratio of 16.25, a P/E/G ratio of 1.03 and a beta of 1.72. Boot Barn Holdings, Inc. has a 52-week low of $110.53 and a 52-week high of $210.25.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.10. The firm had revenue of $581.81 million for the quarter, compared to analysts’ expectations of $580.80 million. Boot Barn had a net margin of 10.45% and a return on equity of 18.82%. The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 EPS. Research analysts anticipate that Boot Barn Holdings, Inc. will post 8.93 EPS for the current fiscal year.

About Boot Barn

Boot Barn Holdings, Inc. is a U.S. retailer specializing in Western and work-related footwear, apparel and accessories. It serves customers through retail stores and online sales. Its merchandise includes cowboy boots and other footwear, jeans, shirts, hats, outerwear, work clothing and safety footwear. Boot Barn sells products from third-party brands as well as private-label brands. The company serves customers across the United States and caters to Western lifestyle, workwear and outdoor customers.