Pitcairn Co. Sells 315 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Pitcairn Co. lessened its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,638 shares of the company’s stock after selling 315 shares during the period. Pitcairn Co.’s holdings in Boot Barn were worth $1,919,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Louisiana State Employees Retirement System boosted its holdings in shares of Boot Barn by 0.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the company’s stock valued at $2,247,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System boosted its stake in Boot Barn by 1.1% in the fourth quarter. Arizona State Retirement System now owns 8,853 shares of the company’s stock valued at $1,344,000 after buying an additional 100 shares in the last quarter. Signaturefd LLC grew its position in Boot Barn by 201.8% in the fourth quarter. Signaturefd LLC now owns 166 shares of the company’s stock valued at $25,000 after acquiring an additional 111 shares during the last quarter. Assetmark Inc. raised its stake in Boot Barn by 45.2% during the fourth quarter. Assetmark Inc. now owns 363 shares of the company’s stock worth $55,000 after acquiring an additional 113 shares in the last quarter. Finally, OLD National Bancorp IN lifted its holdings in shares of Boot Barn by 6.2% in the fourth quarter. OLD National Bancorp IN now owns 2,230 shares of the company’s stock worth $339,000 after acquiring an additional 130 shares during the last quarter.

Boot Barn Price Performance

Boot Barn stock opened at $97.72 on Friday. The firm has a market cap of $2.99 billion, a P/E ratio of 17.45, a P/E/G ratio of 1.17 and a beta of 1.75. The stock’s 50 day moving average is $125.46 and its 200 day moving average is $142.33. Boot Barn Holdings, Inc. has a one year low of $90.50 and a one year high of $176.64.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, January 31st. BTIG Research boosted their target price on shares of Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. StockNews.com cut Boot Barn from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Craig Hallum set a $178.00 price objective on Boot Barn in a research report on Friday, January 31st. Finally, UBS Group dropped their target price on Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $181.92.

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.