Townsquare Capital LLC Cuts Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Townsquare Capital LLC reduced its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 4.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,554 shares of the company’s stock after selling 990 shares during the quarter. Townsquare Capital LLC owned 0.07% of Boot Barn worth $3,773,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Public Sector Pension Investment Board increased its holdings in Boot Barn by 7.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 66,902 shares of the company’s stock worth $8,626,000 after acquiring an additional 4,785 shares in the last quarter. Algert Global LLC lifted its stake in Boot Barn by 653.9% in the 3rd quarter. Algert Global LLC now owns 23,001 shares of the company’s stock valued at $3,848,000 after buying an additional 19,950 shares in the last quarter. Raymond James & Associates boosted its holdings in Boot Barn by 1.8% in the 2nd quarter. Raymond James & Associates now owns 49,263 shares of the company’s stock worth $6,351,000 after buying an additional 875 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Boot Barn during the 2nd quarter worth approximately $554,000. Finally, Smith Shellnut Wilson LLC ADV purchased a new stake in Boot Barn during the 2nd quarter worth approximately $255,000.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BOOT. Piper Sandler reaffirmed an “overweight” rating and issued a $179.00 price target on shares of Boot Barn in a research note on Tuesday, October 29th. Baird R W raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Williams Trading reissued a “buy” rating and issued a $173.00 price target on shares of Boot Barn in a research note on Tuesday, October 29th. Robert W. Baird raised shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price objective for the company in a research note on Wednesday, October 30th. Finally, Benchmark reiterated a “buy” rating and issued a $192.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. 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 given a strong buy rating to the company. According to data from MarketBeat, Boot Barn has an average rating of “Moderate Buy” and an average target price of $164.55.

Boot Barn Trading Up 0.8 %

NYSE BOOT opened at $137.38 on Friday. The stock has a fifty day simple moving average of $149.78 and a 200-day simple moving average of $136.47. The stock has a market cap of $4.19 billion, a PE ratio of 27.59 and a beta of 2.16. Boot Barn Holdings, Inc. has a twelve month low of $68.37 and a twelve month high of $169.83.

Boot Barn (NYSE:BOOT) last announced its earnings results on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.02. The company had revenue of $425.80 million during the quarter, compared to analyst estimates of $424.42 million. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. Boot Barn’s revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 earnings per share. Research analysts predict that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.

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.