Geode Capital Management LLC Sells 2,536 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Geode Capital Management LLC reduced its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 0.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 673,741 shares of the company’s stock after selling 2,536 shares during the quarter. Geode Capital Management LLC owned approximately 2.20% of Boot Barn worth $102,312,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BOOT. Signaturefd LLC raised its holdings in Boot Barn by 201.8% during the 4th quarter. Signaturefd LLC now owns 166 shares of the company’s stock valued at $25,000 after buying an additional 111 shares during the last quarter. Blue Trust Inc. increased its position in Boot Barn by 1,430.0% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the company’s stock valued at $26,000 after purchasing an additional 143 shares during the period. Assetmark Inc. increased its position in Boot Barn by 45.2% during the 4th quarter. Assetmark Inc. now owns 363 shares of the company’s stock valued at $55,000 after purchasing an additional 113 shares during the period. R Squared Ltd purchased a new position in Boot Barn during the 4th quarter valued at $102,000. Finally, Smartleaf Asset Management LLC increased its position in Boot Barn by 212.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 749 shares of the company’s stock valued at $115,000 after purchasing an additional 509 shares during the period.

Boot Barn Stock Performance

Shares of BOOT stock opened at $103.40 on Thursday. Boot Barn Holdings, Inc. has a one year low of $88.23 and a one year high of $176.64. The company’s 50-day moving average is $116.79 and its 200 day moving average is $139.66. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 1.17 and a beta of 1.75.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.43 EPS for the quarter, beating the consensus estimate of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. As a group, research analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Stephens assumed coverage on shares of Boot Barn in a research report on Wednesday. They set an “overweight” rating and a $100.00 price objective on the stock. Robert W. Baird reduced their price objective on shares of Boot Barn from $190.00 to $155.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. Craig Hallum set a $178.00 price objective on shares of Boot Barn in a research report on Friday, January 31st. BTIG Research boosted their price objective on shares of Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, KeyCorp raised shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $175.62.

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.