Mount Yale Investment Advisors LLC Makes New Investment in Boot Barn Holdings, Inc. (NYSE:BOOT)

Mount Yale Investment Advisors LLC acquired a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,338 shares of the company's stock, valued at approximately $355,000.

A number of other hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC increased its position in Boot Barn by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company's stock worth $113,150,000 after buying an additional 6,369 shares during the period. Dale Q Rice Investment Management Ltd acquired a new position in shares of Boot Barn in the fourth quarter valued at about $1,544,000. Algert Global LLC increased its position in Boot Barn by 653.9% during the third quarter. Algert Global LLC now owns 23,001 shares of the company's stock worth $3,848,000 after acquiring an additional 19,950 shares during the period. Blueshift Asset Management LLC acquired a new stake in Boot Barn in the 3rd quarter worth about $3,343,000. Finally, Victory Capital Management Inc. boosted its holdings in Boot Barn by 51.1% in the 3rd quarter. Victory Capital Management Inc. now owns 14,362 shares of the company's stock valued at $2,402,000 after purchasing an additional 4,856 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Piper Sandler reaffirmed an "overweight" rating and set a $179.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. KeyCorp upgraded Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 price objective on the stock in a research note on Thursday, January 23rd. Benchmark reiterated a "buy" rating and set a $192.00 target price on shares of Boot Barn in a research report on Tuesday, October 29th. Citigroup decreased their price target on Boot Barn from $194.00 to $178.00 and set a "buy" rating on the stock in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Boot Barn from $181.00 to $188.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Boot Barn presently has a consensus rating of "Buy" and an average price target of $173.00.

Boot Barn Trading Up 0.8 %

Boot Barn stock traded up $1.34 during mid-day trading on Thursday, reaching $174.78. The company had a trading volume of 1,117,958 shares, compared to its average volume of 832,377. Boot Barn Holdings, Inc. has a fifty-two week low of $71.54 and a fifty-two week high of $176.64. The company has a market cap of $5.33 billion, a P/E ratio of 35.10, a P/E/G ratio of 1.48 and a beta of 2.10. The business has a fifty day simple moving average of $152.18 and a 200 day simple moving average of $146.09.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, topping analysts' consensus estimates of $2.05 by $0.38. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. Research analysts forecast that Boot Barn Holdings, Inc. will post 5.8 EPS for the current 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 transaction of $965,456.78. Following the completion of the transaction, the chief executive officer now directly owns 3,937 shares in the company, valued at $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

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.