Bank of New York Mellon Corp Sells 19,093 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Bank of New York Mellon Corp trimmed its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 8.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,842 shares of the company's stock after selling 19,093 shares during the period. Bank of New York Mellon Corp owned about 0.70% of Boot Barn worth $32,314,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Crossmark Global Holdings Inc. raised its stake in Boot Barn by 3.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company's stock valued at $382,000 after acquiring an additional 82 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Boot Barn by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,192 shares of the company's stock valued at $701,000 after buying an additional 83 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Boot Barn by 0.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the company's stock worth $2,247,000 after buying an additional 100 shares during the period. OLD National Bancorp IN grew its stake in Boot Barn by 6.2% in the 4th quarter. OLD National Bancorp IN now owns 2,230 shares of the company's stock valued at $339,000 after buying an additional 130 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in Boot Barn by 13.9% in the 4th quarter. First Horizon Advisors Inc. now owns 1,095 shares of the company's stock valued at $166,000 after buying an additional 134 shares in the last quarter.

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Boot Barn Stock Performance

BOOT traded up $0.98 during trading on Wednesday, reaching $102.51. The stock had a trading volume of 485,391 shares, compared to its average volume of 755,569. The business has a 50-day moving average of $143.08 and a 200-day moving average of $146.53. Boot Barn Holdings, Inc. has a one year low of $82.67 and a one year high of $176.64. The stock has a market cap of $3.14 billion, a PE ratio of 18.32, a PEG ratio of 1.17 and a beta of 2.07.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.43 EPS 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%. Equities research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Insider Transactions at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of the firm's 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Piper Sandler reaffirmed an "overweight" rating and issued a $181.00 price target (up from $179.00) on shares of Boot Barn in a report on Friday, January 31st. Bank of America raised their target price on Boot Barn from $187.00 to $192.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. StockNews.com cut Boot Barn from a "hold" rating to a "sell" rating in a research report on Monday, February 17th. UBS Group cut their price objective 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, Robert W. Baird decreased their target price 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $181.92.

About Boot Barn

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.