Whittier Trust Co. of Nevada Inc. Lowers Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Whittier Trust Co. of Nevada Inc. cut its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 11.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 45,753 shares of the company’s stock after selling 5,809 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Boot Barn were worth $7,653,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Trust Point Inc. grew its position in Boot Barn by 0.8% in the 3rd quarter. Trust Point Inc. now owns 9,112 shares of the company’s stock worth $1,524,000 after purchasing an additional 71 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Boot Barn in the third quarter worth about $335,000. FLC Capital Advisors acquired a new stake in Boot Barn during the third quarter worth about $218,000. Creative Planning increased its holdings in Boot Barn by 41.4% during the 3rd quarter. Creative Planning now owns 8,422 shares of the company’s stock valued at $1,409,000 after purchasing an additional 2,466 shares in the last quarter. Finally, Shaker Investments LLC OH lifted its position in shares of Boot Barn by 19.7% during the third quarter. Shaker Investments LLC OH now owns 7,725 shares of the company’s stock worth $1,292,000 after purchasing an additional 1,273 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. BTIG Research raised their target price on shares of Boot Barn from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. raised their price objective on shares of Boot Barn from $146.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Piper Sandler lifted their price objective on shares of Boot Barn from $147.00 to $179.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Citigroup boosted their price objective on Boot Barn from $122.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Benchmark increased their target price on shares of Boot Barn from $140.00 to $192.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $156.00.

Boot Barn Trading Up 1.0 %

Shares of BOOT stock traded up $1.61 during trading hours on Monday, hitting $167.17. The company’s stock had a trading volume of 263,140 shares, compared to its average volume of 740,966. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 34.83 and a beta of 2.12. Boot Barn Holdings, Inc. has a twelve month low of $66.73 and a twelve month high of $169.83. The business has a fifty day moving average of $151.63 and a 200-day moving average of $129.56.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.08 by $0.18. Boot Barn had a net margin of 8.89% and a return on equity of 16.44%. The business had revenue of $423.40 million for the quarter, compared to analysts’ expectations of $415.04 million. During the same quarter last year, the company posted $1.11 earnings per share. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, equities analysts expect that Boot Barn Holdings, Inc. will post 5.29 EPS for the current fiscal year.

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.