Howe & Rusling Inc. Has $396,000 Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

Howe & Rusling Inc. trimmed its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 24.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,366 shares of the company’s stock after selling 775 shares during the period. Howe & Rusling Inc.’s holdings in Boot Barn were worth $396,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Boot Barn in the third quarter valued at $5,931,000. Thrivent Financial for Lutherans grew its holdings in shares of Boot Barn by 0.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company’s stock worth $82,895,000 after purchasing an additional 1,834 shares during the last quarter. KBC Group NV increased its position in shares of Boot Barn by 23.3% during the 3rd quarter. KBC Group NV now owns 951 shares of the company’s stock worth $159,000 after purchasing an additional 180 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Boot Barn by 51.1% during the 3rd quarter. Victory Capital Management Inc. now owns 14,362 shares of the company’s stock valued at $2,402,000 after purchasing an additional 4,856 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in Boot Barn in the third quarter valued at about $719,000.

Boot Barn Stock Performance

BOOT opened at $132.65 on Thursday. The company has a fifty day moving average price of $152.05 and a two-hundred day moving average price of $135.27. The firm has a market capitalization of $4.05 billion, a PE ratio of 26.64 and a beta of 2.16. Boot Barn Holdings, Inc. has a 52 week low of $68.37 and a 52 week high of $169.83.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data 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 business had revenue of $425.80 million for 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 quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 EPS. Equities analysts forecast that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.

Wall Street Analysts Forecast Growth

BOOT has been the subject of several recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $192.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. Citigroup dropped their price target on Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. JPMorgan Chase & Co. boosted their price objective on Boot Barn from $160.00 to $181.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Williams Trading reiterated a “buy” rating and set a $173.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Finally, Craig Hallum cut shares of Boot Barn from a “buy” rating to a “hold” rating and raised their price objective for the company from $154.00 to $162.00 in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.