Osterweis Capital Management Inc. Has $11.59 Million Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

Osterweis Capital Management Inc. decreased its stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,315 shares of the company's stock after selling 5,795 shares during the period. Osterweis Capital Management Inc. owned approximately 0.25% of Boot Barn worth $11,586,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BOOT. Farringdon Capital Ltd. acquired a new stake in Boot Barn during the 4th quarter valued at $214,000. Barclays PLC raised its position in shares of Boot Barn by 12.1% in the fourth quarter. Barclays PLC now owns 58,093 shares of the company's stock valued at $8,820,000 after buying an additional 6,288 shares during the last quarter. Summit Investment Advisors Inc. boosted 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 acquiring an additional 98 shares during the last quarter. Grandeur Peak Global Advisors LLC acquired a new stake in shares of Boot Barn during the fourth quarter worth $7,316,000. Finally, Sterling Capital Management LLC lifted its position in Boot Barn by 13.5% during the fourth quarter. Sterling Capital Management LLC now owns 16,637 shares of the company's stock worth $2,526,000 after buying an additional 1,974 shares during the period.

Analyst Ratings Changes

A number of research analysts recently weighed in on BOOT shares. UBS Group reduced their target price on Boot Barn from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. upped their price target on Boot Barn from $200.00 to $209.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Craig Hallum set a $178.00 price target on shares of Boot Barn in a report on Friday, January 31st. BTIG Research raised their target price on Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Finally, Stephens began coverage on shares of Boot Barn in a research report on Wednesday, April 9th. They issued an "overweight" rating and a $100.00 target price for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Boot Barn presently has a consensus rating of "Moderate Buy" and an average price target of $175.62.

Boot Barn Stock Performance

NYSE BOOT traded up $3.93 during trading on Tuesday, reaching $93.06. 230,413 shares of the company traded hands, compared to its average volume of 807,371. The stock's 50 day moving average price is $109.46 and its two-hundred day moving average price is $135.42. Boot Barn Holdings, Inc. has a 1-year low of $86.17 and a 1-year high of $176.64. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 1.17 and a beta of 1.75.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. Equities research analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS 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.