Trexquant Investment LP Lowers Position in Boot Barn Holdings Inc (BOOT)

Trexquant Investment LP lessened its stake in Boot Barn Holdings Inc (NYSE:BOOT) by 61.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,689 shares of the company’s stock after selling 32,400 shares during the quarter. Trexquant Investment LP’s holdings in Boot Barn were worth $588,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Globeflex Capital L P raised its holdings in shares of Boot Barn by 48.8% in the 3rd quarter. Globeflex Capital L P now owns 6,304 shares of the company’s stock worth $179,000 after purchasing an additional 2,067 shares during the period. FMR LLC raised its holdings in shares of Boot Barn by 0.5% in the 3rd quarter. FMR LLC now owns 762,734 shares of the company’s stock worth $21,669,000 after purchasing an additional 3,928 shares during the period. Rhumbline Advisers raised its holdings in shares of Boot Barn by 30.0% in the 3rd quarter. Rhumbline Advisers now owns 23,256 shares of the company’s stock worth $661,000 after purchasing an additional 5,369 shares during the period. Quantitative Systematic Strategies LLC raised its holdings in shares of Boot Barn by 40.2% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 19,864 shares of the company’s stock worth $412,000 after purchasing an additional 5,700 shares during the period. Finally, American International Group Inc. raised its holdings in shares of Boot Barn by 45.7% in the 3rd quarter. American International Group Inc. now owns 18,358 shares of the company’s stock worth $522,000 after purchasing an additional 5,760 shares during the period.

A number of equities research analysts recently commented on BOOT shares. Pivotal Research set a $24.00 price target on shares of Boot Barn and gave the stock a “hold” rating in a report on Wednesday, August 8th. TheStreet upgraded shares of Boot Barn from a “c+” rating to a “b” rating in a research note on Tuesday, August 28th. Citigroup lifted their price objective on shares of Boot Barn from $28.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, September 21st. ValuEngine lowered shares of Boot Barn from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 6th. Finally, William Blair assumed coverage on shares of Boot Barn in a research note on Tuesday, October 9th. They issued an “outperform” rating for the company. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Boot Barn presently has an average rating of “Buy” and a consensus price target of $28.88.

Boot Barn stock opened at $24.21 on Tuesday. Boot Barn Holdings Inc has a 1-year low of $14.34 and a 1-year high of $31.61. The company has a market capitalization of $641.39 million, a P/E ratio of 34.59, a price-to-earnings-growth ratio of 0.88 and a beta of 1.85. The company has a quick ratio of 0.20, a current ratio of 1.56 and a debt-to-equity ratio of 0.77.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Thursday, October 25th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Boot Barn had a net margin of 5.28% and a return on equity of 11.44%. The business had revenue of $168.11 million during the quarter, compared to analyst estimates of $161.72 million. Sell-side analysts forecast that Boot Barn Holdings Inc will post 1.12 EPS for the current year.

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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.

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

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