Tributary Capital Management LLC Lowers Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Tributary Capital Management LLC lessened its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 0.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 217,547 shares of the company’s stock after selling 275 shares during the period. Boot Barn comprises about 2.6% of Tributary Capital Management LLC’s investment portfolio, making the stock its 2nd biggest position. Tributary Capital Management LLC’s holdings in Boot Barn were worth $33,028,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Intech Investment Management LLC purchased a new position in Boot Barn during the 2nd quarter valued at about $515,000. Canada Pension Plan Investment Board purchased a new position in Boot Barn during the second quarter valued at approximately $64,000. Sei Investments Co. increased its holdings in Boot Barn by 39.3% during the 2nd quarter. Sei Investments Co. now owns 102,933 shares of the company’s stock worth $13,271,000 after acquiring an additional 29,049 shares during the period. Profund Advisors LLC purchased a new stake in Boot Barn in the 2nd quarter worth approximately $206,000. Finally, Evergreen Capital Management LLC boosted its holdings in Boot Barn by 13.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 2,703 shares of the company’s stock valued at $348,000 after purchasing an additional 321 shares during the period.

Boot Barn Trading Up 0.4 %

NYSE BOOT opened at $169.13 on Friday. The firm has a market cap of $5.16 billion, a PE ratio of 33.96, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. Boot Barn Holdings, Inc. has a 1-year low of $71.54 and a 1-year high of $170.77. The stock has a 50-day moving average of $149.86 and a 200-day moving average of $144.98.

Boot Barn (NYSE:BOOT) last issued its earnings results on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.02. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The firm had revenue of $425.80 million for the quarter, compared to analysts’ expectations of $424.42 million. During the same quarter last year, the business earned $0.91 earnings per share. The business’s revenue was up 13.7% on a year-over-year basis. As a group, equities research analysts forecast that Boot Barn Holdings, Inc. will post 5.8 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO John Hazen sold 6,311 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total value of $965,456.78. Following the completion of the sale, the chief executive officer now owns 3,937 shares of the company’s stock, valued at $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BOOT. Baird R W raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Citigroup decreased their target price on Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Bank of America lifted their price target on Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. JPMorgan Chase & Co. boosted their price objective on Boot Barn from $181.00 to $188.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Finally, Benchmark reaffirmed a “buy” rating and issued a $192.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Boot Barn presently has a consensus rating of “Buy” and an average price target of $173.00.

Boot Barn Profile

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.