Boot Barn Holdings, Inc. (NYSE:BOOT) Stock Holdings Lifted by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. lifted its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 22.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,318 shares of the company's stock after acquiring an additional 4,335 shares during the quarter. EFG Asset Management North America Corp. owned 0.08% of Boot Barn worth $3,533,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BOOT. Stephens Investment Management Group LLC acquired a new position in Boot Barn in the fourth quarter worth $46,699,000. Proficio Capital Partners LLC bought a new position in shares of Boot Barn in the 4th quarter worth about $45,177,000. Raymond James Financial Inc. acquired a new position in shares of Boot Barn in the 4th quarter valued at about $42,440,000. Artemis Investment Management LLP bought a new stake in shares of Boot Barn during the 4th quarter valued at about $36,361,000. Finally, TimesSquare Capital Management LLC raised its stake in Boot Barn by 134.5% during the fourth quarter. TimesSquare Capital Management LLC now owns 289,641 shares of the company's stock worth $43,973,000 after acquiring an additional 166,121 shares during the period.

Boot Barn Price Performance

Shares of NYSE BOOT traded down $3.14 during mid-day trading on Friday, reaching $104.13. 639,227 shares of the company traded hands, compared to its average volume of 777,702. The firm 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 Holdings, Inc. has a fifty-two week low of $95.28 and a fifty-two week high of $176.64. The stock has a fifty day simple moving average of $129.91 and a 200-day simple moving average of $143.48.

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Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (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%. As a group, analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. increased their price target on Boot Barn from $200.00 to $209.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. UBS Group dropped their target price on Boot Barn from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. KeyCorp raised shares of Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 price target for the company in a report on Thursday, January 23rd. Robert W. Baird dropped their price objective 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. Finally, Piper Sandler reiterated 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. One analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $181.92.

Insider Activity

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the company's 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 transaction, the chief executive officer now owns 3,937 shares of the company's stock, valued at approximately $602,282.26. This represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.

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.