Alberta Investment Management Corp Makes New $2.84 Million Investment in Boot Barn Holdings, Inc. (NYSE:BOOT)

Alberta Investment Management Corp purchased a new position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,722 shares of the company's stock, valued at approximately $2,842,000. Alberta Investment Management Corp owned approximately 0.06% of Boot Barn at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. State Street Corp raised its position in Boot Barn by 4.4% during the third quarter. State Street Corp now owns 1,208,345 shares of the company's stock valued at $202,132,000 after purchasing an additional 51,356 shares in the last quarter. Geode Capital Management LLC boosted its stake in Boot Barn by 1.0% in the third 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 in the last quarter. Thrivent Financial for Lutherans grew its position in Boot Barn by 0.4% during the third quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company's stock valued at $82,895,000 after acquiring an additional 1,834 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Boot Barn by 1.0% during the third quarter. Franklin Resources Inc. now owns 420,688 shares of the company's stock worth $68,004,000 after acquiring an additional 4,226 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Boot Barn by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 352,698 shares of the company's stock worth $58,999,000 after acquiring an additional 6,335 shares during the last quarter.

Insider Transactions at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of Boot Barn stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 approximately $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company's stock.

Boot Barn Trading Down 3.1 %

Boot Barn stock traded down $4.11 during trading hours on Friday, hitting $128.11. 757,219 shares of the stock traded hands, compared to its average volume of 945,374. Boot Barn Holdings, Inc. has a one year low of $82.67 and a one year high of $176.64. The firm's 50-day moving average price is $151.12 and its two-hundred day moving average price is $147.81. The company has a market cap of $3.92 billion, a PE ratio of 22.88, a PEG ratio of 1.18 and a beta of 2.10.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BOOT shares. Citigroup lowered their target price on Boot Barn from $194.00 to $178.00 and set a "buy" rating for the company in a research note on Tuesday, October 29th. Robert W. Baird raised Boot Barn from a "neutral" rating to an "outperform" rating and set a $167.00 price objective for the company in a research note on Wednesday, October 30th. Bank of America lifted their target price on shares of Boot Barn from $187.00 to $192.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. UBS Group dropped their price target on shares of Boot Barn from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Boot Barn from $200.00 to $209.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $181.58.

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.