Howe & Rusling Inc. Sells 775 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Howe & Rusling Inc. decreased its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 24.7% in the 3rd quarter, Holdings Channel reports. The fund owned 2,366 shares of the company’s stock after selling 775 shares during the quarter. Howe & Rusling Inc.’s holdings in Boot Barn were worth $396,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BOOT. GHP Investment Advisors Inc. acquired a new stake in Boot Barn in the 3rd quarter valued at approximately $25,000. GAMMA Investing LLC grew its stake in shares of Boot Barn by 111.1% during the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock worth $34,000 after acquiring an additional 140 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Boot Barn during the 2nd quarter worth approximately $64,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Boot Barn in the second quarter valued at approximately $84,000. Finally, USA Financial Formulas bought a new stake in shares of Boot Barn in the third quarter worth $92,000.

Wall Street Analysts Forecast Growth

BOOT has been the subject of a number of analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $179.00 target price on shares of Boot Barn in a research report on Tuesday, October 29th. Citigroup lowered their target price on Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. UBS Group upped their target price on Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Baird R W upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Finally, 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 research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boot Barn currently has an average rating of “Moderate Buy” and a consensus price target of $164.55.

Boot Barn Stock Down 0.2 %

NYSE BOOT opened at $132.65 on Thursday. Boot Barn Holdings, Inc. has a 12-month low of $68.37 and a 12-month high of $169.83. The firm has a 50-day moving average price of $152.05 and a two-hundred day moving average price of $135.27. The company has a market capitalization of $4.05 billion, a P/E ratio of 26.64 and a beta of 2.16.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. The business had revenue of $425.80 million for the quarter, compared to the consensus estimate of $424.42 million. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 earnings per share. Equities analysts expect that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.

About Boot Barn

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.