JPMorgan Chase & Co. Has $14.33 Million Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

JPMorgan Chase & Co. trimmed its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 33.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,381 shares of the company’s stock after selling 46,924 shares during the quarter. JPMorgan Chase & Co.’s holdings in Boot Barn were worth $14,329,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Stephens Investment Management Group LLC bought a new position in shares of Boot Barn during the 4th quarter worth about $46,699,000. Proficio Capital Partners LLC bought a new position in Boot Barn in the fourth quarter worth approximately $45,177,000. Raymond James Financial Inc. acquired a new stake in Boot Barn in the fourth quarter valued at approximately $42,440,000. Artemis Investment Management LLP bought a new stake in shares of Boot Barn during the fourth quarter valued at approximately $36,361,000. Finally, TimesSquare Capital Management LLC raised its position in shares of Boot Barn by 134.5% during the fourth quarter. TimesSquare Capital Management LLC now owns 289,641 shares of the company’s stock worth $43,973,000 after purchasing an additional 166,121 shares during the period.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BOOT shares. StockNews.com downgraded shares of Boot Barn from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. JPMorgan Chase & Co. lifted their price objective on shares of Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Stephens began coverage on shares of Boot Barn in a research report on Wednesday. They set an “overweight” rating and a $100.00 target price for the company. Bank of America raised their price target on shares of Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, BTIG Research lifted their price target on Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $175.62.

Boot Barn Trading Down 1.2 %

Shares of BOOT opened at $97.77 on Friday. The stock has a 50 day moving average of $114.94 and a 200 day moving average of $138.72. Boot Barn Holdings, Inc. has a 12 month low of $88.23 and a 12 month high of $176.64. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.17 and a beta of 1.75.

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

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.