Quadrature Capital Ltd Sells 8,778 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Quadrature Capital Ltd cut its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 80.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,144 shares of the company’s stock after selling 8,778 shares during the period. Quadrature Capital Ltd’s holdings in Boot Barn were worth $358,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in BOOT. GHP Investment Advisors Inc. bought a new stake in shares of Boot Barn in the third quarter valued at about $25,000. GAMMA Investing LLC increased its position in Boot Barn by 111.1% during the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock valued at $34,000 after purchasing an additional 140 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Boot Barn in the 2nd quarter valued at about $64,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Boot Barn in the 2nd quarter worth approximately $84,000. Finally, USA Financial Formulas bought a new position in shares of Boot Barn during the third quarter valued at approximately $92,000.

Boot Barn Trading Down 4.1 %

NYSE:BOOT opened at $148.49 on Tuesday. The company has a market capitalization of $4.53 billion, a P/E ratio of 29.82 and a beta of 2.14. Boot Barn Holdings, Inc. has a 12 month low of $68.37 and a 12 month high of $169.83. The firm has a fifty day simple moving average of $147.08 and a 200-day simple moving average of $138.60.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate 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 company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 EPS. Equities analysts forecast that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BOOT. Benchmark reissued a “buy” rating and issued a $192.00 price objective on shares of Boot Barn in a research note on Tuesday, October 29th. Craig Hallum lowered Boot Barn from a “buy” rating to a “hold” rating and boosted their price target for the stock from $154.00 to $162.00 in a research report on Friday, October 25th. BTIG Research upped their price objective on Boot Barn from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Baird R W upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their price target on shares of Boot Barn from $160.00 to $181.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Boot Barn has a consensus rating of “Moderate Buy” and an average price target of $164.55.

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.