Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA reduced its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 49.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,368 shares of the company’s stock after selling 3,292 shares during the period. Glenmede Trust Co. NA’s holdings in Boot Barn were worth $563,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BOOT. Marshall Wace LLP acquired a new stake in Boot Barn during the 2nd quarter worth about $19,532,000. F M Investments LLC acquired a new stake in shares of Boot Barn during the 2nd quarter valued at about $14,888,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Boot Barn during the 3rd quarter valued at about $5,931,000. Sei Investments Co. grew its position in shares of Boot Barn by 39.3% during the 2nd quarter. Sei Investments Co. now owns 102,933 shares of the company’s stock valued at $13,271,000 after acquiring an additional 29,049 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Boot Barn by 14.3% during the 2nd quarter. Principal Financial Group Inc. now owns 217,387 shares of the company’s stock valued at $28,028,000 after acquiring an additional 27,228 shares during the period.

Wall Street Analyst Weigh In

BOOT has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their target price on Boot Barn from $160.00 to $181.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Robert W. Baird upgraded Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price objective on the stock in a report on Wednesday, October 30th. UBS Group lifted their price objective on Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Williams Trading reiterated a “buy” rating and issued a $173.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. 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 research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $164.55.

Boot Barn Price Performance

BOOT opened at $147.53 on Wednesday. The company’s 50 day simple moving average is $148.81 and its two-hundred day simple moving average is $137.32. Boot Barn Holdings, Inc. has a 1-year low of $68.37 and a 1-year high of $169.83. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 29.62 and a beta of 2.14.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.93 by $0.02. The firm 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%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 EPS. On average, equities analysts anticipate that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current fiscal year.

Boot Barn Company 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.