Harvest Fund Management Co. Ltd acquired a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,644 shares of the company's stock, valued at approximately $401,000.
A number of other hedge funds have also bought and sold shares of BOOT. Victory Capital Management Inc. boosted its holdings in shares of Boot Barn by 51.1% during the 3rd quarter. Victory Capital Management Inc. now owns 14,362 shares of the company's stock worth $2,402,000 after buying an additional 4,856 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of Boot Barn by 128.8% during the 3rd quarter. Intech Investment Management LLC now owns 9,147 shares of the company's stock valued at $1,530,000 after acquiring an additional 5,149 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Boot Barn by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 352,698 shares of the company's stock worth $58,999,000 after purchasing an additional 6,335 shares during the period. Citigroup Inc. increased its stake in Boot Barn by 37.1% in the third quarter. Citigroup Inc. now owns 57,870 shares of the company's stock valued at $9,680,000 after purchasing an additional 15,673 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in Boot Barn by 85.0% in the third quarter. Cerity Partners LLC now owns 2,949 shares of the company's stock valued at $493,000 after purchasing an additional 1,355 shares in the last quarter.
Boot Barn Trading Down 2.5 %
Shares of BOOT traded down $2.72 during midday trading on Wednesday, reaching $106.81. The stock had a trading volume of 715,207 shares, compared to its average volume of 941,286. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 1.17 and a beta of 2.07. The company's 50-day moving average is $132.85 and its 200 day moving average is $144.31. Boot Barn Holdings, Inc. has a 12-month low of $88.35 and a 12-month high of $176.64.
Boot Barn (NYSE:BOOT - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. Research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.
Insider Buying and Selling
In other Boot Barn news, CEO John Hazen sold 6,311 shares of Boot Barn stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total value of $965,456.78. Following the transaction, the chief executive officer now directly owns 3,937 shares of the company's stock, valued at $602,282.26. The trade was a 61.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of brokerages have commented on BOOT. KeyCorp raised Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 price objective for the company in a research note on Thursday, January 23rd. Craig Hallum set a $178.00 target price on shares of Boot Barn in a research report on Friday, January 31st. Robert W. Baird cut their price target on shares of Boot Barn from $190.00 to $155.00 and set an "outperform" rating on the stock in a report on Wednesday, March 5th. Bank of America upped their price objective on Boot Barn from $187.00 to $192.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Finally, Piper Sandler reiterated an "overweight" rating and set a $181.00 target price (up previously from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $181.92.
Check Out Our Latest Research Report on BOOT
Boot Barn Profile
(
Free Report)
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.
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