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

Comerica Bank lessened its holdings in Boot Barn Holdings, Inc. (NYSE:BOOTGet 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:BOOTGet 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

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding BOOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boot Barn Holdings, Inc. (NYSE:BOOTGet Rating).

Institutional Ownership by Quarter for Boot Barn (NYSE:BOOT)

Receive News & Ratings for Boot Barn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boot Barn and related companies with MarketBeat.com's FREE daily email newsletter.