Acorn Financial Advisory Services Inc. ADV Lowers Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Acorn Financial Advisory Services Inc. ADV reduced its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 25.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,905 shares of the company's stock after selling 2,404 shares during the quarter. Acorn Financial Advisory Services Inc. ADV's holdings in Boot Barn were worth $1,048,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in BOOT. Franklin Resources Inc. raised its stake in shares of Boot Barn by 1.0% during the 3rd quarter. Franklin Resources Inc. now owns 420,688 shares of the company's stock worth $68,004,000 after buying an additional 4,226 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Boot Barn by 56.5% during the third quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company's stock worth $23,638,000 after purchasing an additional 51,032 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Boot Barn by 18,573.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 14,939 shares of the company's stock valued at $2,268,000 after buying an additional 14,859 shares in the last quarter. Tilia Fiduciary Partners Inc. grew its stake in Boot Barn by 1.7% in the 4th quarter. Tilia Fiduciary Partners Inc. now owns 9,798 shares of the company's stock valued at $1,488,000 after acquiring an additional 167 shares during the last quarter. Finally, Miracle Mile Advisors LLC purchased a new stake in shares of Boot Barn in the fourth quarter valued at about $322,000.

Boot Barn Stock Performance

BOOT stock opened at $107.88 on Friday. The firm has a 50 day simple moving average of $104.39 and a 200 day simple moving average of $132.51. Boot Barn Holdings, Inc. has a 52 week low of $86.17 and a 52 week high of $176.64. The stock has a market cap of $3.30 billion, a P/E ratio of 19.26, a P/E/G ratio of 1.17 and a beta of 1.75.

Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, beating analysts' consensus estimates of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. Sell-side analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Stephens started coverage on Boot Barn in a research report on Wednesday, April 9th. They set an "overweight" rating and a $100.00 price objective for the company. StockNews.com downgraded Boot Barn from a "hold" rating to a "sell" rating in a report on Monday, February 17th. Bank of America lifted their price target on shares of Boot Barn from $187.00 to $192.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. KeyCorp reduced their price objective on Boot Barn from $190.00 to $165.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Boot Barn from $200.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $165.85.

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.

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