Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 138,546 shares of the company's stock after selling 4,443 shares during the period. Janus Henderson Group PLC owned 0.45% of Boot Barn worth $21,030,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of BOOT. Granahan Investment Management LLC boosted its position in Boot Barn by 137.7% in the 4th quarter. Granahan Investment Management LLC now owns 83,236 shares of the company's stock valued at $12,637,000 after buying an additional 48,215 shares during the period. Eisler Capital Management Ltd. acquired a new position in Boot Barn in the fourth quarter valued at $2,777,000. Deutsche Bank AG increased its stake in Boot Barn by 56.1% in the fourth quarter. Deutsche Bank AG now owns 27,514 shares of the company's stock valued at $4,177,000 after purchasing an additional 9,887 shares during the period. Driehaus Capital Management LLC increased its stake in Boot Barn by 55.9% in the fourth quarter. Driehaus Capital Management LLC now owns 315,210 shares of the company's stock valued at $47,855,000 after purchasing an additional 112,963 shares during the period. Finally, Crestline Management LP acquired a new position in shares of Boot Barn during the fourth quarter worth about $1,289,000.

Analyst Upgrades and Downgrades

BOOT has been the topic of a number of recent analyst reports. Robert W. Baird boosted their price target on shares of Boot Barn from $140.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Craig Hallum raised shares of Boot Barn from a "hold" rating to a "buy" rating and set a $130.00 price target on the stock in a report on Wednesday, April 23rd. Citigroup boosted their price objective on shares of Boot Barn from $137.00 to $180.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Bank of America boosted their price objective on shares of Boot Barn from $160.00 to $173.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Boot Barn from $209.00 to $196.00 and set an "overweight" rating for the company in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $170.62.

Boot Barn Stock Down 1.3%

Boot Barn stock traded down $2.17 during trading hours on Wednesday, hitting $160.68. 220,645 shares of the company traded hands, compared to its average volume of 823,239. The firm has a market cap of $4.92 billion, a P/E ratio of 28.66, a P/E/G ratio of 1.17 and a beta of 1.59. The firm's 50-day simple moving average is $109.45 and its two-hundred day simple moving average is $130.55. Boot Barn Holdings, Inc. has a 1-year low of $86.17 and a 1-year 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). The company had revenue of $453.75 million for the quarter, compared to analyst estimates of $458.56 million. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. The firm's quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 EPS. On average, equities research analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Boot Barn declared that its Board of Directors has initiated a stock buyback program on Wednesday, May 14th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 4.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

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.