Parametric Portfolio Associates LLC decreased its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,547 shares of the company’s stock after selling 1,042 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.15% of Boot Barn worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in BOOT. Franklin Resources Inc. lifted its position in Boot Barn by 26.1% in the second quarter. Franklin Resources Inc. now owns 1,840,355 shares of the company’s stock valued at $13,030,000 after buying an additional 381,163 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Boot Barn by 100.7% in the first quarter. Dimensional Fund Advisors LP now owns 341,122 shares of the company’s stock valued at $3,374,000 after buying an additional 171,147 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in Boot Barn by 10.3% in the second quarter. Stephens Investment Management Group LLC now owns 1,355,588 shares of the company’s stock valued at $9,598,000 after buying an additional 127,021 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Boot Barn in the second quarter valued at about $395,000. Finally, Paradigm Capital Management Inc. NY acquired a new position in Boot Barn in the second quarter valued at about $290,000.

Shares of Boot Barn Holdings, Inc. (BOOT) opened at $14.26 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.16 and a current ratio of 1.32. The stock has a market cap of $369.61, a PE ratio of 23.12, a price-to-earnings-growth ratio of 1.41 and a beta of 1.24. Boot Barn Holdings, Inc. has a one year low of $5.90 and a one year high of $16.77.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. Boot Barn had a net margin of 2.32% and a return on equity of 8.70%. The company had revenue of $143.10 million for the quarter, compared to analyst estimates of $139.92 million. During the same period in the prior year, the firm earned $0.02 earnings per share. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 0.61 EPS for the current fiscal year.

A number of research analysts have commented on the stock. Robert W. Baird raised shares of Boot Barn from a “neutral” rating to an “outperform” rating and upped their target price for the company from $10.00 to $11.00 in a research report on Friday, August 4th. J P Morgan Chase & Co upgraded shares of Boot Barn from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $9.00 to $17.00 in a research note on Sunday. Zacks Investment Research upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a research note on Tuesday, October 3rd. Piper Jaffray Companies reiterated a “buy” rating on shares of Boot Barn in a research note on Thursday, August 3rd. Finally, TheStreet upgraded shares of Boot Barn from a “d” rating to a “c” rating in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Boot Barn presently has an average rating of “Buy” and a consensus target price of $11.97.

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About Boot Barn

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.

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

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