Ameriprise Financial Inc. Has $53.82 Million Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Ameriprise Financial Inc. cut its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 27.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 354,504 shares of the company's stock after selling 131,839 shares during the quarter. Ameriprise Financial Inc. owned about 1.16% of Boot Barn worth $53,823,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BOOT. Blue Trust Inc. lifted its stake in Boot Barn by 1,430.0% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the company's stock valued at $26,000 after buying an additional 143 shares in the last quarter. Signaturefd LLC lifted its position in shares of Boot Barn by 201.8% in the 4th quarter. Signaturefd LLC now owns 166 shares of the company's stock valued at $25,000 after acquiring an additional 111 shares in the last quarter. Assetmark Inc. boosted its stake in Boot Barn by 45.2% in the 4th quarter. Assetmark Inc. now owns 363 shares of the company's stock worth $55,000 after purchasing an additional 113 shares during the period. R Squared Ltd purchased a new position in Boot Barn during the 4th quarter worth approximately $102,000. Finally, Smartleaf Asset Management LLC raised its stake in Boot Barn by 212.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 749 shares of the company's stock valued at $115,000 after purchasing an additional 509 shares during the period.

Analyst Ratings Changes

Several brokerages have recently commented on BOOT. Robert W. Baird decreased their target price on Boot Barn from $133.00 to $120.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. StockNews.com lowered Boot Barn from a "hold" rating to a "sell" rating in a research report on Monday, February 17th. Piper Sandler set a $162.00 target price on Boot Barn in a research note on Friday, April 25th. KeyCorp reduced their price target on shares of Boot Barn from $190.00 to $165.00 and set an "overweight" rating for the company in a research report on Tuesday, April 29th. Finally, Bank of America boosted their price objective 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $165.85.

Boot Barn Stock Up 0.0%

Shares of NYSE:BOOT traded up $0.05 on Wednesday, reaching $135.15. The company had a trading volume of 2,018,067 shares, compared to its average volume of 819,937. The stock has a market capitalization of $4.13 billion, a P/E ratio of 24.13, a P/E/G ratio of 1.17 and a beta of 1.59. The stock has a 50-day moving average price of $104.37 and a 200 day moving average price of $129.84. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month high of $176.64.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $1.22 earnings per share for the quarter, missing analysts' consensus estimates of $1.24 by ($0.02). Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. On average, sell-side analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

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.