Tributary Capital Management LLC Sells 275 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Tributary Capital Management LLC lessened its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 0.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 217,547 shares of the company’s stock after selling 275 shares during the quarter. Boot Barn makes up approximately 2.6% of Tributary Capital Management LLC’s investment portfolio, making the stock its 2nd largest holding. Tributary Capital Management LLC owned approximately 0.71% of Boot Barn worth $33,028,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BOOT. GHP Investment Advisors Inc. acquired a new stake in shares of Boot Barn during the third quarter worth $25,000. Canada Pension Plan Investment Board acquired a new stake in Boot Barn during the 2nd quarter worth about $64,000. GAMMA Investing LLC raised its position in shares of Boot Barn by 100.8% in the 3rd quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock worth $89,000 after acquiring an additional 268 shares in the last quarter. USA Financial Formulas acquired a new position in shares of Boot Barn in the 3rd quarter valued at about $92,000. Finally, KBC Group NV boosted its position in shares of Boot Barn by 23.3% during the 3rd quarter. KBC Group NV now owns 951 shares of the company’s stock valued at $159,000 after purchasing an additional 180 shares in the last quarter.

Boot Barn Trading Up 0.4 %

NYSE BOOT opened at $169.13 on Friday. The business has a fifty day simple moving average of $149.86 and a 200 day simple moving average of $144.98. Boot Barn Holdings, Inc. has a 12 month low of $71.54 and a 12 month high of $170.77. The firm has a market capitalization of $5.16 billion, a P/E ratio of 33.96, a PEG ratio of 1.48 and a beta of 2.10.

Boot Barn (NYSE:BOOT) last announced its earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.93 by $0.02. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The company had revenue of $425.80 million during the quarter, compared to the consensus estimate of $424.42 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, sell-side analysts predict that Boot Barn Holdings, Inc. will post 5.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Craig Hallum downgraded Boot Barn from a “buy” rating to a “hold” rating and lifted their target price for the stock from $154.00 to $162.00 in a report on Friday, October 25th. Citigroup dropped their target price on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Bank of America raised their price target on shares of Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. UBS Group upgraded shares of Boot Barn from a “neutral” rating to a “buy” rating and upped their price objective for the company from $155.00 to $210.00 in a report on Friday, January 10th. Finally, Williams Trading reaffirmed a “buy” rating and issued a $173.00 target price on shares of Boot Barn in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $173.00.

Insider Buying and Selling

In related news, CEO John Hazen sold 6,311 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total transaction of $965,456.78. Following the completion of the sale, the chief executive officer now owns 3,937 shares in the company, valued at approximately $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.00% of the stock is currently owned by corporate insiders.

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.