Crystal Rock Capital Management Has $1.90 Million Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Crystal Rock Capital Management lowered its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 29.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 11,350 shares of the company’s stock after selling 4,700 shares during the period. Boot Barn accounts for approximately 1.1% of Crystal Rock Capital Management’s portfolio, making the stock its 23rd largest position. Crystal Rock Capital Management’s holdings in Boot Barn were worth $1,899,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UniSuper Management Pty Ltd acquired a new position in shares of Boot Barn in the 1st quarter worth approximately $695,000. Sei Investments Co. lifted its position in shares of Boot Barn by 52.5% during the 1st quarter. Sei Investments Co. now owns 73,884 shares of the company’s stock valued at $7,030,000 after acquiring an additional 25,434 shares during the period. Capital Research Global Investors acquired a new position in shares of Boot Barn during the 1st quarter valued at $32,779,000. Russell Investments Group Ltd. lifted its position in shares of Boot Barn by 12.8% during the 1st quarter. Russell Investments Group Ltd. now owns 131,658 shares of the company’s stock valued at $12,527,000 after acquiring an additional 14,980 shares during the period. Finally, Public Sector Pension Investment Board lifted its position in shares of Boot Barn by 7.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 66,902 shares of the company’s stock valued at $8,626,000 after acquiring an additional 4,785 shares during the period.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. BTIG Research boosted their target price on shares of Boot Barn from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Williams Trading reiterated a “buy” rating and set a $173.00 target price on shares of Boot Barn in a research report on Tuesday, October 29th. Benchmark restated a “buy” rating and set a $192.00 price target on shares of Boot Barn in a research note on Tuesday, October 29th. JPMorgan Chase & Co. boosted their price target on shares of Boot Barn from $160.00 to $181.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Finally, Citigroup decreased their price target on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $164.55.

Boot Barn Stock Performance

Shares of NYSE:BOOT opened at $136.55 on Tuesday. The company’s 50-day moving average is $153.01 and its 200 day moving average is $134.11. The company has a market capitalization of $4.17 billion, a P/E ratio of 27.42 and a beta of 2.16. Boot Barn Holdings, Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $169.83.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. The company had revenue of $425.80 million for the quarter, compared to the consensus estimate of $424.42 million. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. As a group, research analysts predict that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current year.

About Boot Barn

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.