Raymond James Financial Inc. purchased a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 279,542 shares of the company's stock, valued at approximately $42,440,000. Raymond James Financial Inc. owned approximately 0.92% of Boot Barn at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of Boot Barn by 1,430.0% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the company's stock valued at $26,000 after purchasing an additional 143 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Boot Barn by 45.2% in the fourth quarter. Assetmark Inc. now owns 363 shares of the company's stock worth $55,000 after acquiring an additional 113 shares during the period. R Squared Ltd purchased a new stake in Boot Barn during the fourth quarter valued at $102,000. Smartleaf Asset Management LLC lifted its holdings in Boot Barn by 212.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 749 shares of the company's stock valued at $115,000 after acquiring an additional 509 shares during the period. Finally, KBC Group NV boosted its position in Boot Barn by 23.3% in the third quarter. KBC Group NV now owns 951 shares of the company's stock worth $159,000 after purchasing an additional 180 shares during the last quarter.
Boot Barn Stock Performance
Boot Barn stock traded down $1.48 during midday trading on Thursday, hitting $100.92. 645,182 shares of the company's stock were exchanged, compared to its average volume of 755,953. The firm has a 50-day moving average of $142.09 and a two-hundred day moving average of $146.22. Boot Barn Holdings, Inc. has a 12 month low of $82.67 and a 12 month high of $176.64. The company has a market cap of $3.09 billion, a PE ratio of 18.02, a P/E/G ratio of 1.17 and a beta of 2.07.
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 17.11% and a net margin of 9.36%. As a group, equities analysts expect that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.
Insiders Place Their Bets
In other Boot Barn news, CEO John Hazen sold 6,311 shares of Boot Barn 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 sale, the chief executive officer now owns 3,937 shares of the company's stock, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.00% of the company's stock.
Analysts Set New Price Targets
BOOT has been the subject of several analyst reports. KeyCorp upgraded 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. Piper Sandler restated an "overweight" rating and issued a $181.00 price objective (up from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. Craig Hallum set a $178.00 price target on shares of Boot Barn in a report on Friday, January 31st. Bank of America upped their price objective on Boot Barn from $187.00 to $192.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Finally, UBS Group cut their target price on shares of Boot Barn from $210.00 to $200.00 and set a "buy" rating for the company in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $181.92.
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About Boot Barn
(
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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