Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS trimmed its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 19.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,585 shares of the company’s stock after selling 11,430 shares during the period. Kornitzer Capital Management Inc. KS owned 0.15% of Boot Barn worth $7,793,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BOOT. GHP Investment Advisors Inc. purchased a new position in shares of Boot Barn in the 3rd quarter worth $25,000. GAMMA Investing LLC increased its position in Boot Barn by 111.1% during the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock worth $34,000 after purchasing an additional 140 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Boot Barn in the second quarter valued at approximately $64,000. USA Financial Formulas acquired a new position in Boot Barn during the third quarter valued at approximately $92,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in Boot Barn during the second quarter worth approximately $84,000.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Baird R W raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on Boot Barn from $160.00 to $181.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Williams Trading reiterated a “buy” rating and issued a $173.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. Piper Sandler reissued an “overweight” rating and set a $179.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Finally, Robert W. Baird raised shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price objective for the company in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Boot Barn presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.55.

Boot Barn Stock Performance

Shares of BOOT stock opened at $134.45 on Friday. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 27.00 and a beta of 2.16. Boot Barn Holdings, Inc. has a one year low of $68.37 and a one year high of $169.83. The company’s 50-day simple moving average is $152.95 and its 200-day simple moving average is $133.31.

Boot Barn (NYSE:BOOT) last released its earnings results on Monday, October 28th. The company reported $0.95 EPS 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 return on equity of 15.89% and a net margin of 8.73%. Boot Barn’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. As a group, research analysts forecast that Boot Barn Holdings, Inc. will post 5.48 EPS 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.