Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. lowered its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 0.9% during the first quarter, Holdings Channel reports. The institutional investor owned 1,462,043 shares of the company’s stock after selling 13,161 shares during the period. Goldman Sachs Group Inc. owned 0.06% of Boot Barn Holdings worth $14,460,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of BOOT. Gotham Asset Management LLC purchased a new position in Boot Barn Holdings during the first quarter valued at about $112,000. Eagle Global Advisors LLC purchased a new position in Boot Barn Holdings during the first quarter valued at about $113,000. Alambic Investment Management L.P. purchased a new position in Boot Barn Holdings during the first quarter valued at about $155,000. Tudor Investment Corp ET AL purchased a new position in Boot Barn Holdings during the first quarter valued at about $310,000. Finally, Norges Bank purchased a new position in Boot Barn Holdings during the fourth quarter valued at about $489,000.
Boot Barn Holdings, Inc. (NYSE BOOT) opened at 6.58 on Monday. Boot Barn Holdings, Inc. has a 1-year low of $5.90 and a 1-year high of $17.26. The stock has a 50 day moving average price of $7.34 and a 200-day moving average price of $10.10. The firm has a market cap of $174.77 million, a P/E ratio of 12.42 and a beta of 1.21.
Boot Barn Holdings (NYSE:BOOT) last posted its earnings results on Thursday, June 1st. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by $0.06. The company had revenue of $163 million for the quarter, compared to the consensus estimate of $165.89 million. Boot Barn Holdings had a return on equity of 8.72% and a net margin of 2.25%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. Equities research analysts forecast that Boot Barn Holdings, Inc. will post $0.61 EPS for the current year.
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Several research analysts have issued reports on the company. B. Riley reaffirmed a “buy” rating and set a $9.00 price objective on shares of Boot Barn Holdings in a report on Wednesday, May 31st. Jefferies Group LLC set a $12.00 price objective on Boot Barn Holdings and gave the stock a “buy” rating in a report on Saturday, June 3rd. Zacks Investment Research raised Boot Barn Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. ValuEngine downgraded Boot Barn Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 23rd. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $9.00 price objective (down previously from $14.00) on shares of Boot Barn Holdings in a report on Monday, June 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Boot Barn Holdings currently has an average rating of “Hold” and an average target price of $11.63.
In other Boot Barn Holdings news, Director Brenda I. Morris purchased 7,000 shares of the business’s stock in a transaction dated Wednesday, June 7th. The shares were bought at an average price of $6.33 per share, for a total transaction of $44,310.00. Following the completion of the acquisition, the director now owns 13,818 shares in the company, valued at $87,467.94. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter Starrett purchased 50,000 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were acquired at an average price of $6.12 per share, for a total transaction of $306,000.00. Following the acquisition, the director now owns 4,726 shares of the company’s stock, valued at approximately $28,923.12. The disclosure for this purchase can be found here. 3.40% of the stock is currently owned by insiders.
Boot Barn Holdings 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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