Wells Fargo & Company MN reduced its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 17.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,725 shares of the company’s stock after selling 3,921 shares during the period. Wells Fargo & Company MN owned 0.07% of Boot Barn worth $133,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BOOT. Geode Capital Management LLC increased its holdings in Boot Barn by 3.3% during the first quarter. Geode Capital Management LLC now owns 101,834 shares of the company’s stock worth $1,007,000 after buying an additional 3,224 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Boot Barn by 100.7% during the first quarter. Dimensional Fund Advisors LP now owns 341,122 shares of the company’s stock worth $3,374,000 after buying an additional 171,147 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Boot Barn by 5.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 42,316 shares of the company’s stock worth $419,000 after buying an additional 2,052 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Boot Barn by 67.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 43,330 shares of the company’s stock worth $307,000 after buying an additional 17,420 shares during the last quarter. Finally, Eagle Global Advisors LLC increased its holdings in Boot Barn by 97.3% during the second quarter. Eagle Global Advisors LLC now owns 22,630 shares of the company’s stock worth $160,000 after buying an additional 11,160 shares during the last quarter.

A number of research firms recently issued reports on BOOT. J P Morgan Chase & Co upgraded shares of Boot Barn from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $9.00 to $17.00 in a report on Sunday. BidaskClub upgraded shares of Boot Barn from a “hold” rating to a “buy” rating in a report on Saturday, November 11th. Citigroup Inc. raised their price objective on shares of Boot Barn from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Robert W. Baird lifted their target price on shares of Boot Barn from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Finally, Jefferies Group LLC lifted their target price on shares of Boot Barn from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Boot Barn presently has an average rating of “Buy” and an average target price of $11.97.

Boot Barn Holdings, Inc. (NYSE BOOT) opened at $13.41 on Monday. The firm has a market cap of $357.60, a PE ratio of 23.12, a PEG ratio of 1.41 and a beta of 1.24. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.32 and a quick ratio of 0.16. Boot Barn Holdings, Inc. has a 12 month low of $5.90 and a 12 month high of $16.90.

Boot Barn (NYSE:BOOT) last posted its earnings results on Thursday, November 2nd. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. The firm had revenue of $143.10 million during the quarter, compared to the consensus estimate of $139.92 million. Boot Barn had a net margin of 2.32% and a return on equity of 8.70%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company earned $0.02 earnings per share. equities research analysts expect that Boot Barn Holdings, Inc. will post 0.61 EPS for the current fiscal year.

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Boot Barn Company Profile

Boot Barn Holdings, Inc is a lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. The Company’s stores are located in or near neighborhood shopping centers with trade areas of approximately five or more miles, and it has opened stores in malls and outlet center locations.

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

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