Bank of New York Mellon Corp lowered its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 7.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 113,893 shares of the company’s stock after selling 8,608 shares during the period. Bank of New York Mellon Corp owned about 0.43% of Boot Barn worth $1,013,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Schwab Charles Investment Management Inc. grew its holdings in shares of Boot Barn by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 42,544 shares of the company’s stock worth $302,000 after acquiring an additional 228 shares during the period. Teachers Advisors LLC grew its holdings in shares of Boot Barn by 7.1% in the second quarter. Teachers Advisors LLC now owns 28,080 shares of the company’s stock worth $199,000 after acquiring an additional 1,858 shares during the period. State Street Corp grew its holdings in shares of Boot Barn by 4.5% in the second quarter. State Street Corp now owns 203,372 shares of the company’s stock worth $1,440,000 after acquiring an additional 8,835 shares during the period. Capital Fund Management S.A. bought a new stake in shares of Boot Barn in the second quarter worth $114,000. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of Boot Barn in the second quarter worth $116,000.
Shares of Boot Barn Holdings, Inc. (BOOT) opened at $19.25 on Friday. Boot Barn Holdings, Inc. has a fifty-two week low of $5.90 and a fifty-two week high of $19.66. The company has a current ratio of 1.32, a quick ratio of 0.16 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $511.90, a PE ratio of 35.00, a price-to-earnings-growth ratio of 1.77 and a beta of 1.79.
Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Boot Barn had a return on equity of 8.70% and a net margin of 2.32%. The business had revenue of $143.10 million during the quarter, compared to analyst estimates of $139.92 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. Boot Barn’s revenue for the quarter was up 6.8% on a year-over-year basis. equities research analysts expect that Boot Barn Holdings, Inc. will post 0.61 EPS for the current fiscal year.
BOOT has been the subject of several research analyst reports. JPMorgan Chase & Co. raised Boot Barn from a “neutral” rating to an “overweight” rating and set a $17.00 price objective for the company in a report on Wednesday, November 15th. Jefferies Group reaffirmed a “buy” rating on shares of Boot Barn in a report on Wednesday, October 11th. Citigroup lifted their price objective on Boot Barn from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. BidaskClub raised Boot Barn from a “hold” rating to a “buy” rating in a report on Saturday, November 11th. Finally, Robert W. Baird lifted their price objective on Boot Barn from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Boot Barn has an average rating of “Buy” and an average target price of $13.64.
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Boot Barn Profile
Boot Barn Holdings, Inc is a lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. The Company’s stores are located in or near neighborhood shopping centers with trade areas of approximately five or more miles, and it has opened stores in malls and outlet center locations.
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