Allspring Global Investments Holdings LLC Lowers Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Allspring Global Investments Holdings LLC cut its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 57.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,601 shares of the company's stock after selling 266,608 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.65% of Boot Barn worth $30,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. bought a new position in shares of Boot Barn in the 3rd quarter worth $25,000. Blue Trust Inc. grew its position in Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company's stock worth $26,000 after acquiring an additional 143 shares in the last quarter. R Squared Ltd bought a new position in Boot Barn in the fourth quarter valued at $102,000. KBC Group NV raised its position in Boot Barn by 23.3% during the third quarter. KBC Group NV now owns 951 shares of the company's stock valued at $159,000 after purchasing an additional 180 shares in the last quarter. Finally, Coldstream Capital Management Inc. bought a new stake in Boot Barn during the third quarter worth about $212,000.

Boot Barn Price Performance

NYSE:BOOT traded down $4.55 during mid-day trading on Wednesday, reaching $133.45. 576,858 shares of the company's stock traded hands, compared to its average volume of 953,375. Boot Barn Holdings, Inc. has a 12-month low of $82.67 and a 12-month high of $176.64. The company has a 50 day moving average price of $151.99 and a 200-day moving average price of $147.96. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 1.21 and a beta of 2.10.

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, 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, analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BOOT. Robert W. Baird upgraded Boot Barn from a "neutral" rating to an "outperform" rating and set a $167.00 price objective on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target 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. Craig Hallum lowered shares of Boot Barn from a "buy" rating to a "hold" rating and boosted their price objective for the stock from $154.00 to $162.00 in a report on Friday, October 25th. Piper Sandler reaffirmed an "overweight" rating and issued a $181.00 price objective (up previously from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. Finally, 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 report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Boot Barn has a consensus rating of "Moderate Buy" and an average price target of $181.58.

Insider Buying and Selling

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 3,937 shares in the company, valued at approximately $602,282.26. This 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 can be accessed through this link. 1.00% of the stock is owned by insiders.

Boot Barn Company 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.