Comerica Bank Sells 2,540 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Comerica Bank lessened its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT – Get Rating) by 9.9% during the third quarter, HoldingsChannel.com reports. The fund owned 23,018 shares of the company’s stock after selling 2,540 shares during the period. Comerica Bank’s holdings in Boot Barn were worth $1,291,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Venture Visionary Partners LLC bought a new stake in shares of Boot Barn during the second quarter worth about $34,000. First Horizon Advisors Inc. grew its holdings in shares of Boot Barn by 408.0% during the second quarter. First Horizon Advisors Inc. now owns 828 shares of the company’s stock worth $55,000 after purchasing an additional 665 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Boot Barn by 72.7% during the second quarter. Lazard Asset Management LLC now owns 962 shares of the company’s stock worth $66,000 after purchasing an additional 405 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Boot Barn during the second quarter worth about $105,000. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Boot Barn during the second quarter worth about $119,000.

Insider Transactions at Boot Barn

In other news, CFO James M. Watkins bought 2,500 shares of the stock in a transaction dated Wednesday, November 9th. The shares were bought at an average cost of $52.34 per share, with a total value of $130,850.00. Following the completion of the transaction, the chief financial officer now directly owns 11,730 shares of the company’s stock, valued at $613,948.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BOOT shares. Craig Hallum reduced their price target on Boot Barn to $100.00 in a report on Thursday, October 27th. Bank of America started coverage on Boot Barn in a report on Friday, January 6th. They issued a “buy” rating and a $85.00 target price on the stock. Robert W. Baird reduced their target price on Boot Barn from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, October 27th. Citigroup reduced their target price on Boot Barn from $99.00 to $93.00 and set a “buy” rating on the stock in a report on Thursday, October 27th. Finally, StockNews.com started coverage on Boot Barn in a report on Wednesday, October 12th. They issued a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $88.89.

Boot Barn Stock Performance

Shares of BOOT opened at $76.75 on Tuesday. Boot Barn Holdings, Inc. has a 52-week low of $50.20 and a 52-week high of $105.66. The business’s 50 day moving average price is $64.85 and its two-hundred day moving average price is $64.09. The firm has a market cap of $2.29 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 1.20 and a beta of 2.25.

Boot Barn (NYSE:BOOT – Get Rating) last issued its earnings results on Wednesday, October 26th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.15. Boot Barn had a return on equity of 29.71% and a net margin of 11.68%. The company had revenue of $351.55 million for the quarter, compared to analyst estimates of $343.00 million. During the same period in the prior year, the firm earned $1.22 earnings per share. Boot Barn’s revenue for the quarter was up 12.4% on a year-over-year basis. Research analysts predict that Boot Barn Holdings, Inc. will post 5.75 EPS for the current fiscal year.

About Boot Barn

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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.