JPMorgan Chase & Co. Sells 46,924 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

JPMorgan Chase & Co. cut its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 33.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 94,381 shares of the company's stock after selling 46,924 shares during the quarter. JPMorgan Chase & Co. owned about 0.31% of Boot Barn worth $14,329,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BOOT. Signaturefd LLC increased its holdings in shares of Boot Barn by 201.8% in the fourth quarter. Signaturefd LLC now owns 166 shares of the company's stock valued at $25,000 after purchasing an additional 111 shares during the last quarter. Blue Trust Inc. grew its stake in Boot Barn by 1,430.0% in the 4th quarter. Blue Trust Inc. now owns 153 shares of the company's stock valued at $26,000 after buying an additional 143 shares during the last quarter. Assetmark Inc. grew its stake in Boot Barn by 45.2% in the 4th quarter. Assetmark Inc. now owns 363 shares of the company's stock valued at $55,000 after buying an additional 113 shares during the last quarter. R Squared Ltd bought a new position in Boot Barn in the 4th quarter valued at about $102,000. Finally, Smartleaf Asset Management LLC lifted its position in Boot Barn by 212.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 749 shares of the company's stock worth $115,000 after acquiring an additional 509 shares during the last quarter.

Boot Barn Trading Down 0.0 %

Boot Barn stock traded down $0.01 during mid-day trading on Thursday, reaching $89.72. The company had a trading volume of 125,485 shares, compared to its average volume of 804,865. The business has a fifty day simple moving average of $112.02 and a 200 day simple moving average of $137.39. The company has a market cap of $2.74 billion, a P/E ratio of 16.03, a P/E/G ratio of 1.17 and a beta of 1.75. Boot Barn Holdings, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $176.64.

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

Wall Street Analyst Weigh In

BOOT has been the topic of a number of recent research reports. Robert W. Baird dropped their price target on Boot Barn from $190.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, March 5th. Bank of America lifted their target price on Boot Barn from $187.00 to $192.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. KeyCorp upgraded shares of Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 price target on the stock in a research note on Thursday, January 23rd. UBS Group cut their price objective on shares of Boot Barn from $210.00 to $200.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Finally, Piper Sandler reissued an "overweight" rating and set a $181.00 price target (up previously from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $175.62.

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.