Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Oberweis Asset Management Inc.

Oberweis Asset Management Inc. reduced its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 26.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,800 shares of the company's stock after selling 18,600 shares during the quarter. Oberweis Asset Management Inc. owned approximately 0.17% of Boot Barn worth $7,712,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Dale Q Rice Investment Management Ltd purchased a new stake in shares of Boot Barn during the fourth quarter worth $1,544,000. Stephens Investment Management Group LLC acquired a new stake in Boot Barn in the 4th quarter valued at about $46,699,000. Alberta Investment Management Corp purchased a new position in shares of Boot Barn in the 4th quarter valued at about $2,842,000. Charles Schwab Investment Management Inc. grew its position in shares of Boot Barn by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 358,579 shares of the company's stock worth $54,439,000 after buying an additional 5,881 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of 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 buying an additional 51,032 shares in the last quarter.

Boot Barn Trading Down 1.0 %

Shares of NYSE BOOT traded down $1.01 during midday trading on Tuesday, reaching $102.99. 344,177 shares of the company were exchanged, compared to its average volume of 816,205. The stock has a fifty day simple moving average of $105.84 and a 200 day simple moving average of $133.29. The stock has a market cap of $3.15 billion, a P/E ratio of 18.38, a PEG ratio of 1.17 and a beta of 1.75. 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 Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group decreased their price target on shares of Boot Barn from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. KeyCorp lowered their target price on shares of Boot Barn from $190.00 to $165.00 and set an "overweight" rating for the company in a research note on Tuesday. BTIG Research raised their price target on Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Bank of America upped their price objective on Boot Barn from $187.00 to $192.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. raised their target price on Boot Barn from $200.00 to $209.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.