Taylor Frigon Capital Management LLC Has $3.63 Million Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Taylor Frigon Capital Management LLC lessened its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 36.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,777 shares of the company’s stock after selling 12,349 shares during the period. Boot Barn makes up about 1.8% of Taylor Frigon Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding. Taylor Frigon Capital Management LLC owned about 0.07% of Boot Barn worth $3,632,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Boot Barn by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 2,744,105 shares of the company’s stock worth $210,638,000 after purchasing an additional 35,925 shares during the period. Park Avenue Securities LLC acquired a new stake in Boot Barn during the 1st quarter worth approximately $222,000. Congress Wealth Management LLC DE lifted its stake in Boot Barn by 6.8% in the first quarter. Congress Wealth Management LLC DE now owns 81,304 shares of the company’s stock valued at $7,736,000 after buying an additional 5,171 shares in the last quarter. Wasatch Advisors LP boosted its holdings in shares of Boot Barn by 43.8% in the first quarter. Wasatch Advisors LP now owns 2,131,689 shares of the company’s stock valued at $202,830,000 after buying an additional 649,021 shares during the period. Finally, Azzad Asset Management Inc. ADV increased its position in shares of Boot Barn by 1.7% during the first quarter. Azzad Asset Management Inc. ADV now owns 9,342 shares of the company’s stock worth $889,000 after acquiring an additional 154 shares in the last quarter.

Boot Barn Trading Down 1.1 %

Shares of Boot Barn stock traded down $1.74 during trading on Thursday, hitting $160.32. 100,901 shares of the stock were exchanged, compared to its average volume of 735,898. Boot Barn Holdings, Inc. has a 1-year low of $66.73 and a 1-year high of $169.83. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 33.75 and a beta of 2.12. The company has a fifty day moving average price of $153.36 and a 200-day moving average price of $130.70.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $415.04 million. During the same quarter in the prior year, the company earned $1.11 earnings per share. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. Equities research analysts forecast that Boot Barn Holdings, Inc. will post 5.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on BOOT shares. Citigroup lifted their price target on Boot Barn from $122.00 to $154.00 and gave the company a “buy” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. boosted their target price on Boot Barn from $146.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. BTIG Research raised their price target on shares of Boot Barn from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Robert W. Baird boosted 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, Benchmark raised their target price on shares of Boot Barn from $140.00 to $192.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $156.00.

About Boot Barn

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.