2,440 Shares in Boot Barn Holdings, Inc. (NYSE:BOOT) Bought by Cantor Fitzgerald Investment Advisors L.P.

Cantor Fitzgerald Investment Advisors L.P. bought a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) during the 3rd quarter, HoldingsChannel reports. The firm bought 2,440 shares of the company’s stock, valued at approximately $408,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Boot Barn by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 2,744,105 shares of the company’s stock worth $210,638,000 after buying an additional 35,925 shares during the last quarter. Park Avenue Securities LLC purchased a new position in shares of Boot Barn in the first quarter valued at approximately $222,000. Azzad Asset Management Inc. ADV boosted its stake in shares of Boot Barn by 1.7% in the first quarter. Azzad Asset Management Inc. ADV now owns 9,342 shares of the company’s stock worth $889,000 after acquiring an additional 154 shares during the last quarter. Norden Group LLC purchased a new stake in shares of Boot Barn during the first quarter worth approximately $442,000. Finally, Oak Ridge Investments LLC raised its stake in Boot Barn by 11.0% in the 1st quarter. Oak Ridge Investments LLC now owns 17,794 shares of the company’s stock valued at $1,693,000 after purchasing an additional 1,767 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have issued reports on BOOT. UBS Group lifted their target price on shares of Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. upped their price objective on shares of Boot Barn from $160.00 to $181.00 and gave the company an “overweight” rating in a research note on Tuesday. Craig Hallum cut Boot Barn from a “buy” rating to a “hold” rating and boosted their target price for the stock from $154.00 to $162.00 in a report on Friday, October 25th. Citigroup cut their price target on Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Robert W. Baird boosted their price objective on Boot Barn from $140.00 to $167.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, Boot Barn presently has a consensus rating of “Moderate Buy” and an average price target of $164.55.

Boot Barn Stock Down 19.7 %

BOOT opened at $129.38 on Wednesday. Boot Barn Holdings, Inc. has a 52 week low of $66.73 and a 52 week high of $169.83. The business has a fifty day simple moving average of $154.55 and a 200-day simple moving average of $132.38. The firm has a market cap of $3.93 billion, a P/E ratio of 26.95 and a beta of 2.12.

Boot Barn (NYSE:BOOT) last announced its earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. The company had revenue of $425.80 million during the quarter, compared to analysts’ expectations of $424.42 million. Boot Barn had a return on equity of 16.44% and a net margin of 8.89%. Boot Barn’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. Sell-side analysts expect that Boot Barn Holdings, Inc. will post 5.29 earnings per share 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.