Ranger Investment Management L.P. Has $29.88 Million Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Ranger Investment Management L.P. cut its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 35.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 196,825 shares of the company’s stock after selling 107,136 shares during the period. Boot Barn comprises about 1.9% of Ranger Investment Management L.P.’s portfolio, making the stock its 20th largest position. Ranger Investment Management L.P. owned approximately 0.64% of Boot Barn worth $29,882,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BOOT. Blue Trust Inc. increased its position in shares of Boot Barn by 1,430.0% in the 4th quarter. Blue Trust Inc. now owns 153 shares of the company’s stock valued at $26,000 after buying an additional 143 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Boot Barn by 201.8% in the fourth quarter. Signaturefd LLC now owns 166 shares of the company’s stock worth $25,000 after acquiring an additional 111 shares in the last quarter. Assetmark Inc. raised its position in shares of Boot Barn by 45.2% during the fourth quarter. Assetmark Inc. now owns 363 shares of the company’s stock worth $55,000 after purchasing an additional 113 shares during the period. R Squared Ltd bought a new position in shares of Boot Barn during the 4th quarter valued at about $102,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Boot Barn by 212.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 749 shares of the company’s stock valued at $115,000 after purchasing an additional 509 shares during the period.

Boot Barn Trading Down 8.4 %

NYSE:BOOT opened at $91.23 on Wednesday. The stock has a market capitalization of $2.79 billion, a PE ratio of 16.29, a P/E/G ratio of 1.17 and a beta of 1.75. Boot Barn Holdings, Inc. has a 1-year low of $89.84 and a 1-year high of $176.64. The firm has a fifty day simple moving average of $119.36 and a 200 day simple moving average of $140.34.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.43 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. On average, equities analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Craig Hallum set a $178.00 price target on shares of Boot Barn in a research note on Friday, January 31st. UBS Group cut their price objective on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. KeyCorp upgraded Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 target price for the company in a report on Thursday, January 23rd. BTIG Research boosted their price target on Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. increased their price objective on Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $181.92.

Boot Barn Company 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.