Boot Barn Holdings, Inc. $BOOT Stock Sold by Riverbridge Partners LLC

Riverbridge Partners LLC cut its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 14.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 57,653 shares of the company’s stock after selling 9,822 shares during the quarter. Riverbridge Partners LLC’s holdings in Boot Barn were worth $6,945,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of BOOT. Knights of Columbus Asset Advisors LLC raised its stake in shares of Boot Barn by 0.5% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 16,031 shares of the company’s stock worth $1,931,000 after buying an additional 75 shares during the period. Keybank National Association OH lifted its position in shares of Boot Barn by 23.2% during the 3rd quarter. Keybank National Association OH now owns 2,429 shares of the company’s stock valued at $293,000 after buying an additional 458 shares in the last quarter. Van Berkom & Associates Inc. purchased a new position in shares of Boot Barn during the 3rd quarter valued at about $3,057,000. Fulcrum Asset Management LLP bought a new position in shares of Boot Barn during the 3rd quarter valued at approximately $1,181,000. Finally, Hohimer Wealth Management LLC bought a new position in shares of Boot Barn during the 3rd quarter valued at approximately $459,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Craig Hallum reissued a “buy” rating and issued a $225.00 target price on shares of Boot Barn in a report on Thursday, October 29th. Needham & Company LLC initiated coverage on shares of Boot Barn in a research note on Friday, October 16th. They set a “buy” rating and a $150.00 target price on the stock. TD Cowen lowered their price target on shares of Boot Barn from $160.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, October 29th. Stephens upped their price target on shares of Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $187.00 price target (down from $226.00) on shares of Boot Barn in a research report on Thursday, October 29th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $183.92.

Boot Barn Price Performance

Shares of BOOT opened at $134.23 on Wednesday. Boot Barn Holdings, Inc. has a 1 year low of $110.53 and a 1 year high of $210.25. The company has a 50 day simple moving average of $128.10 and a two-hundred day simple moving average of $156.40. The firm has a market cap of $4.01 billion, a P/E ratio of 16.25, a price-to-earnings-growth ratio of 1.03 and a beta of 1.72.

Boot Barn (NYSE:BOOT) last released its earnings results on Wednesday, October 28th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.63 by $0.10. Boot Barn had a net margin of 10.45% and a return on equity of 18.82%. The firm had revenue of $581.81 million for the quarter, compared to the consensus estimate of $580.80 million. During the same quarter in the previous year, the firm earned $1.37 earnings per share. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 8.93 earnings per share for the current year.

About Boot Barn

Boot Barn Holdings, Inc. is a U.S. retailer specializing in Western and work-related footwear, apparel and accessories. It serves customers through retail stores and online sales. Its merchandise includes cowboy boots and other footwear, jeans, shirts, hats, outerwear, work clothing and safety footwear. Boot Barn sells products from third-party brands as well as private-label brands. The company serves customers across the United States and caters to Western lifestyle, workwear and outdoor customers.