Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Graham Capital Management L.P.

Graham Capital Management L.P. decreased its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 51.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,707 shares of the company's stock after selling 1,816 shares during the period. Graham Capital Management L.P.'s holdings in Boot Barn were worth $259,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Montreal Can grew its stake in shares of Boot Barn by 1.4% during the 4th quarter. Bank of Montreal Can now owns 5,936 shares of the company's stock worth $901,000 after purchasing an additional 82 shares during the period. Cetera Investment Advisers boosted its holdings in Boot Barn by 1.0% during the fourth quarter. Cetera Investment Advisers now owns 8,179 shares of the company's stock worth $1,242,000 after buying an additional 83 shares in the last quarter. Coldstream Capital Management Inc. grew its position in Boot Barn by 7.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,367 shares of the company's stock worth $208,000 after buying an additional 97 shares during the period. Summit Investment Advisors Inc. grew its position in Boot Barn by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,096 shares of the company's stock worth $470,000 after buying an additional 98 shares during the period. Finally, Louisiana State Employees Retirement System increased its holdings in Boot Barn by 0.7% in the fourth quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the company's stock valued at $2,247,000 after buying an additional 100 shares in the last quarter.

Boot Barn Stock Down 3.3%

Shares of NYSE:BOOT traded down $5.37 during trading on Wednesday, reaching $157.49. The stock had a trading volume of 930,320 shares, compared to its average volume of 825,985. The stock has a market cap of $4.82 billion, a P/E ratio of 28.12, a PEG ratio of 1.17 and a beta of 1.59. The business has a fifty day moving average price of $109.45 and a 200-day moving average price of $130.55. Boot Barn Holdings, Inc. has a fifty-two week low of $86.17 and a fifty-two week high of $176.64.

Boot Barn (NYSE:BOOT - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.02). Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. The firm had revenue of $453.75 million during the quarter, compared to analysts' expectations of $458.56 million. During the same period in the previous year, the firm posted $0.96 earnings per share. The firm's revenue was up 16.8% on a year-over-year basis. As a group, equities analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Boot Barn declared that its board has authorized a stock buyback program on Wednesday, May 14th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 4.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

BOOT has been the topic of several research analyst reports. Robert W. Baird boosted their price target on Boot Barn from $140.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Citigroup boosted their target price on Boot Barn from $137.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. StockNews.com lowered 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 Boot Barn from $160.00 to $173.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Finally, Stephens started coverage on shares of Boot Barn in a research note on Wednesday, April 9th. They issued an "overweight" rating and a $100.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $170.62.

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.