Campbell Newman Asset Management Inc. Acquires Shares of 12,077 Boot Barn Holdings, Inc. (NYSE:BOOT)

Campbell Newman Asset Management Inc. acquired a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,077 shares of the company's stock, valued at approximately $1,834,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Trust Point Inc. boosted its holdings in Boot Barn by 0.8% in the third quarter. Trust Point Inc. now owns 9,112 shares of the company's stock valued at $1,524,000 after acquiring an additional 71 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Boot Barn by 3.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company's stock worth $382,000 after buying an additional 82 shares during the period. Fisher Asset Management LLC raised its stake in shares of Boot Barn by 2.0% during the third quarter. Fisher Asset Management LLC now owns 4,192 shares of the company's stock worth $701,000 after buying an additional 83 shares during the last quarter. Kings Path Partners LLC lifted its holdings in Boot Barn by 2.7% in the third quarter. Kings Path Partners LLC now owns 5,430 shares of the company's stock valued at $908,000 after buying an additional 142 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new stake in Boot Barn during the 3rd quarter worth $25,000.

Boot Barn Price Performance

Shares of BOOT traded up $1.43 during midday trading on Wednesday, hitting $151.51. The stock had a trading volume of 1,108,711 shares, compared to its average volume of 901,793. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 30.42 and a beta of 2.10. The company has a 50 day simple moving average of $145.48 and a two-hundred day simple moving average of $143.41. Boot Barn Holdings, Inc. has a twelve month low of $69.35 and a twelve month high of $169.83.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its earnings results on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.02. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The business had revenue of $425.80 million for the quarter, compared to analyst estimates of $424.42 million. During the same quarter last year, the firm earned $0.91 EPS. Boot Barn's revenue for the quarter was up 13.7% compared to the same quarter last year. Analysts forecast that Boot Barn Holdings, Inc. will post 5.48 EPS for the current fiscal year.

Insider Activity

In other news, CEO John Hazen sold 6,311 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 3,937 shares in the company, valued at $602,282.26. This trade represents a 61.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Benchmark reaffirmed a "buy" rating and set a $192.00 price objective on shares of Boot Barn in a research note on Tuesday, October 29th. Bank of America upped their price target on Boot Barn from $187.00 to $192.00 and gave the company a "buy" rating in a research note on Wednesday. Citigroup reduced their price objective on shares of Boot Barn from $194.00 to $178.00 and set a "buy" rating on the stock in a research note on Tuesday, October 29th. UBS Group raised shares of Boot Barn from a "neutral" rating to a "buy" rating and upped their target price for the company from $155.00 to $210.00 in a research note on Friday, January 10th. 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $171.58.

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.