Advantage Alpha Capital Partners LP Buys New Shares in Boot Barn Holdings, Inc. (NYSE:BOOT)

Advantage Alpha Capital Partners LP purchased a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 32,315 shares of the company's stock, valued at approximately $4,906,000. Advantage Alpha Capital Partners LP owned 0.11% of Boot Barn as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. Signaturefd LLC grew its position in shares of Boot Barn by 201.8% during the 4th quarter. Signaturefd LLC now owns 166 shares of the company's stock worth $25,000 after purchasing an additional 111 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company's stock valued at $26,000 after buying an additional 143 shares during the period. Assetmark Inc. grew its position in Boot Barn by 45.2% during the fourth quarter. Assetmark Inc. now owns 363 shares of the company's stock worth $55,000 after buying an additional 113 shares in the last quarter. R Squared Ltd bought a new position in Boot Barn during the 4th quarter worth $102,000. Finally, Smartleaf Asset Management LLC raised its holdings in Boot Barn by 212.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 749 shares of the company's stock valued at $115,000 after acquiring an additional 509 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BOOT. JPMorgan Chase & Co. increased their target price on Boot Barn from $200.00 to $209.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. BTIG Research increased their price objective on shares of Boot Barn from $185.00 to $190.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Bank of America boosted their target price on shares of Boot Barn from $187.00 to $192.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Robert W. Baird cut their price target on shares of Boot Barn from $190.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, March 5th. Finally, UBS Group decreased their price objective on shares of Boot Barn from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $181.92.

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Boot Barn Price Performance

Shares of NYSE BOOT traded down $3.14 during mid-day trading on Friday, hitting $104.13. 639,227 shares of the stock traded hands, compared to its average volume of 777,702. Boot Barn Holdings, Inc. has a twelve month low of $95.28 and a twelve month high of $176.64. The firm has a 50 day simple moving average of $129.91 and a two-hundred day simple moving average of $143.55. The company has a market cap of $3.19 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 1.17 and a beta of 2.07.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.43 EPS for the quarter, beating 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%. On average, equities research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other 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 value of $965,456.78. Following the completion of the transaction, the chief executive officer now directly owns 3,937 shares of the company's stock, valued at approximately $602,282.26. This trade represents a 61.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company's stock.

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.