Tower Research Capital LLC TRC Reduces Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Tower Research Capital LLC TRC lessened its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 68.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,360 shares of the company's stock after selling 5,042 shares during the period. Tower Research Capital LLC TRC's holdings in Boot Barn were worth $358,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Blue Trust Inc. raised its stake in shares of Boot Barn by 1,430.0% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the company's stock valued at $26,000 after acquiring an additional 143 shares in the last quarter. Signaturefd LLC increased its holdings in Boot Barn by 201.8% during the 4th quarter. Signaturefd LLC now owns 166 shares of the company's stock worth $25,000 after purchasing an additional 111 shares during the period. Assetmark Inc. raised its position in Boot Barn by 45.2% during the 4th quarter. Assetmark Inc. now owns 363 shares of the company's stock valued at $55,000 after purchasing an additional 113 shares in the last quarter. R Squared Ltd bought a new position in shares of Boot Barn during the 4th quarter worth $102,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of Boot Barn by 212.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 749 shares of the company's stock valued at $115,000 after buying an additional 509 shares during the period.

Analyst Upgrades and Downgrades

BOOT has been the subject of a number of analyst reports. Bank of America upped 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. Stephens started coverage on Boot Barn in a research report on Wednesday, April 9th. They set an "overweight" rating and a $100.00 price objective on the stock. Craig Hallum upgraded shares of Boot Barn from a "hold" rating to a "buy" rating and set a $130.00 target price for the company in a report on Wednesday, April 23rd. JPMorgan Chase & Co. raised their price target on shares of Boot Barn from $200.00 to $209.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Finally, BTIG Research lifted their price objective on shares of Boot Barn from $185.00 to $190.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.85.

Boot Barn Stock Performance

Shares of BOOT traded up $5.73 during trading hours on Friday, hitting $113.46. The stock had a trading volume of 1,009,606 shares, compared to its average volume of 818,638. The firm has a 50-day moving average price of $104.14 and a 200 day moving average price of $131.69. Boot Barn Holdings, Inc. has a fifty-two week low of $86.17 and a fifty-two week high of $176.64. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 1.17 and a beta of 1.59.

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

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.