Ameriprise Financial Inc. Sells 131,839 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Ameriprise Financial Inc. trimmed its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 27.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 354,504 shares of the company’s stock after selling 131,839 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.16% of Boot Barn worth $53,823,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Craig Hallum upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research report on Wednesday, April 23rd. Robert W. Baird lowered their target price on Boot Barn from $133.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. UBS Group cut their price target on Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Stephens assumed coverage on shares of Boot Barn in a research report on Wednesday, April 9th. They set an “overweight” rating and a $100.00 target price on the stock. Finally, BTIG Research lifted their price target on shares of Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $165.85.

Boot Barn Trading Down 1.1 %

Shares of NYSE BOOT opened at $117.59 on Friday. The company has a fifty day moving average price of $103.60 and a 200 day moving average price of $130.19. Boot Barn Holdings, Inc. has a 1-year low of $86.17 and a 1-year high of $176.64. The firm has a market cap of $3.60 billion, a PE ratio of 21.00, a PEG ratio of 1.17 and a beta of 1.59.

About Boot Barn

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.