Whittier Trust Co. Sells 9,997 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Whittier Trust Co. lessened its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 9.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 94,258 shares of the company’s stock after selling 9,997 shares during the period. Whittier Trust Co.’s holdings in Boot Barn were worth $15,767,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BOOT. Vanguard Group Inc. grew its stake in Boot Barn by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 2,744,105 shares of the company’s stock worth $210,638,000 after acquiring an additional 35,925 shares in the last quarter. Park Avenue Securities LLC acquired a new position in Boot Barn in the 1st quarter worth approximately $222,000. Congress Wealth Management LLC DE increased its stake in shares of Boot Barn by 6.8% in the first quarter. Congress Wealth Management LLC DE now owns 81,304 shares of the company’s stock worth $7,736,000 after acquiring an additional 5,171 shares during the period. Wasatch Advisors LP grew its holdings in Boot Barn by 43.8% during the first quarter. Wasatch Advisors LP now owns 2,131,689 shares of the company’s stock worth $202,830,000 after acquiring an additional 649,021 shares during the period. Finally, Azzad Asset Management Inc. ADV grew its position in shares of Boot Barn by 1.7% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 9,342 shares of the company’s stock valued at $889,000 after acquiring an additional 154 shares during the period.

Boot Barn Price Performance

BOOT stock traded up $1.61 during midday trading on Monday, hitting $167.17. The stock had a trading volume of 263,140 shares, compared to its average volume of 740,966. Boot Barn Holdings, Inc. has a 12-month low of $66.73 and a 12-month high of $169.83. The firm has a market cap of $5.08 billion, a PE ratio of 34.56 and a beta of 2.12. The company’s 50-day moving average price is $151.63 and its 200 day moving average price is $129.34.

Boot Barn (NYSE:BOOT) last released its earnings results on Wednesday, August 7th. The company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.18. The firm had revenue of $423.40 million for the quarter, compared to the consensus estimate of $415.04 million. Boot Barn had a return on equity of 16.44% and a net margin of 8.89%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.11 earnings per share. As a group, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 5.29 EPS for the current year.

Analysts Set New Price Targets

BOOT has been the topic of several research analyst reports. Piper Sandler lifted their price objective on Boot Barn from $147.00 to $179.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. JPMorgan Chase & Co. raised their price target on shares of Boot Barn from $146.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Robert W. Baird raised their price objective on shares of Boot Barn from $140.00 to $167.00 and gave the company a “neutral” rating in a research note on Tuesday, October 1st. BTIG Research upped their target price on shares of Boot Barn from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Finally, UBS Group lifted their price objective on Boot Barn from $127.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $156.00.

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.