Tributary Capital Management LLC lessened its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT – Free Report) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,822 shares of the company’s stock after selling 995 shares during the period. Boot Barn makes up about 2.8% of Tributary Capital Management LLC’s investment portfolio, making the stock its 2nd largest holding. Tributary Capital Management LLC’s holdings in Boot Barn were worth $36,437,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of BOOT. Wasatch Advisors LP grew its position in shares of Boot Barn by 43.8% during the 1st quarter. Wasatch Advisors LP now owns 2,131,689 shares of the company’s stock valued at $202,830,000 after acquiring an additional 649,021 shares during the period. Capital Research Global Investors purchased a new stake in Boot Barn during the 1st quarter valued at $32,779,000. Janus Henderson Group PLC lifted its holdings in shares of Boot Barn by 1,212.4% in the 1st quarter. Janus Henderson Group PLC now owns 285,174 shares of the company’s stock worth $27,134,000 after acquiring an additional 263,444 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Boot Barn during the second quarter valued at approximately $19,532,000. Finally, Westwood Holdings Group Inc. boosted its holdings in Boot Barn by 29.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 545,644 shares of the company’s stock valued at $51,918,000 after acquiring an additional 124,060 shares during the period.
Boot Barn Stock Down 1.7 %
Shares of BOOT stock opened at $158.00 on Monday. The stock’s 50-day moving average price is $154.19 and its 200 day moving average price is $131.74. The stock has a market capitalization of $4.80 billion, a PE ratio of 32.92 and a beta of 2.12. Boot Barn Holdings, Inc. has a 52-week low of $66.73 and a 52-week high of $169.83.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on BOOT shares. Benchmark upped their target price on Boot Barn from $140.00 to $192.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Piper Sandler upped their target price on Boot Barn from $147.00 to $179.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. BTIG Research boosted their price objective on shares of Boot Barn from $150.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. UBS Group lifted their price objective on Boot Barn from $127.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Finally, Craig Hallum cut shares of Boot Barn from a “buy” rating to a “hold” rating and upped their price objective for the stock from $154.00 to $162.00 in a research report on Friday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $157.20.
Check Out Our Latest Stock Report on Boot Barn
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.
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