Crossmark Global Holdings Inc. Boosts Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

Crossmark Global Holdings Inc. grew its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 3.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,283 shares of the company’s stock after acquiring an additional 82 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Boot Barn were worth $382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of BOOT. Janney Montgomery Scott LLC lifted its holdings in shares of Boot Barn by 3.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,787 shares of the company’s stock valued at $455,000 after acquiring an additional 150 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Boot Barn by 1.2% in the 1st quarter. Swiss National Bank now owns 59,800 shares of the company’s stock worth $5,690,000 after purchasing an additional 700 shares during the period. Sei Investments Co. increased its position in shares of Boot Barn by 52.5% during the 1st quarter. Sei Investments Co. now owns 73,884 shares of the company’s stock valued at $7,030,000 after purchasing an additional 25,434 shares during the last quarter. ProShare Advisors LLC raised its holdings in Boot Barn by 8.9% during the 1st quarter. ProShare Advisors LLC now owns 6,096 shares of the company’s stock valued at $580,000 after buying an additional 497 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its position in Boot Barn by 5.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 9,001 shares of the company’s stock worth $856,000 after buying an additional 500 shares during the last quarter.

Boot Barn Trading Up 1.6 %

Shares of NYSE BOOT opened at $135.02 on Monday. The company has a 50 day simple moving average of $152.89 and a two-hundred day simple moving average of $134.88. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 27.11 and a beta of 2.16. Boot Barn Holdings, Inc. has a 12 month low of $68.37 and a 12 month high of $169.83.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.02. The business 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 EPS. Analysts forecast that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.

Analyst Upgrades and Downgrades

BOOT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Boot Barn from $160.00 to $181.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Robert W. Baird raised Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 target price on the stock in a research note on Wednesday, October 30th. Craig Hallum lowered Boot Barn from a “buy” rating to a “hold” rating and raised their price target for the stock from $154.00 to $162.00 in a research note on Friday, October 25th. Benchmark reaffirmed a “buy” rating and issued a $192.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. Finally, Baird R W upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $164.55.

Boot Barn 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.