Moody Aldrich Partners LLC Trims Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Moody Aldrich Partners LLC decreased its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 57.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,531 shares of the company’s stock after selling 29,628 shares during the quarter. Moody Aldrich Partners LLC owned about 0.07% of Boot Barn worth $3,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. UniSuper Management Pty Ltd purchased a new stake in Boot Barn during the 1st quarter worth about $695,000. Sei Investments Co. lifted its holdings in shares of Boot Barn by 52.5% in the first quarter. Sei Investments Co. now owns 73,884 shares of the company’s stock worth $7,030,000 after buying an additional 25,434 shares in the last quarter. Capital Research Global Investors bought a new position in shares of Boot Barn in the first quarter valued at approximately $32,779,000. Jennison Associates LLC boosted its position in shares of Boot Barn by 19.6% in the first quarter. Jennison Associates LLC now owns 530,882 shares of the company’s stock valued at $50,513,000 after acquiring an additional 86,969 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in Boot Barn by 12.8% during the first quarter. Russell Investments Group Ltd. now owns 131,658 shares of the company’s stock valued at $12,527,000 after acquiring an additional 14,980 shares in the last quarter.

Boot Barn Stock Performance

Shares of BOOT stock traded down $0.32 on Thursday, hitting $161.74. 45,453 shares of the company’s stock traded hands, compared to its average volume of 735,628. Boot Barn Holdings, Inc. has a one year low of $66.73 and a one year high of $169.83. The company’s fifty day simple moving average is $153.36 and its 200 day simple moving average is $130.70. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 33.75 and a beta of 2.12.

Boot Barn (NYSE:BOOT) last posted its earnings results on Wednesday, August 7th. The company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.18. Boot Barn had a return on equity of 16.44% and a net margin of 8.89%. The firm had revenue of $423.40 million for the quarter, compared to the consensus estimate of $415.04 million. During the same quarter in the prior year, the business earned $1.11 EPS. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 5.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BOOT has been the subject of several analyst reports. Citigroup raised their price target on shares of Boot Barn from $122.00 to $154.00 and gave the company a “buy” rating in a report on Friday, July 19th. Piper Sandler lifted their price objective on Boot Barn from $147.00 to $179.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. UBS Group upped their target price on Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Robert W. Baird upped their price objective on shares of Boot Barn from $140.00 to $167.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 1st. Finally, BTIG Research lifted their target price on shares of Boot Barn from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and an average target price of $156.00.

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.