TimesSquare Capital Management LLC Buys 166,121 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

TimesSquare Capital Management LLC grew its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 134.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 289,641 shares of the company's stock after buying an additional 166,121 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.95% of Boot Barn worth $43,973,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. State Street Corp grew its stake in Boot Barn by 4.4% during the third quarter. State Street Corp now owns 1,208,345 shares of the company's stock worth $202,132,000 after buying an additional 51,356 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Boot Barn by 1.0% during the third quarter. Geode Capital Management LLC now owns 676,277 shares of the company's stock valued at $113,150,000 after purchasing an additional 6,369 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of 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 purchasing an additional 1,834 shares during the last quarter. Franklin Resources Inc. grew 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 valued at $68,004,000 after purchasing an additional 4,226 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Boot Barn by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 352,698 shares of the company's stock valued at $58,999,000 after purchasing an additional 6,335 shares during the last quarter.

Insider Activity at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by company insiders.

Boot Barn Trading Down 3.1 %

Shares of NYSE BOOT traded down $4.11 during midday trading on Friday, reaching $128.11. The company's stock had a trading volume of 757,219 shares, compared to its average volume of 945,374. Boot Barn Holdings, Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $176.64. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 1.18 and a beta of 2.10. The stock has a 50 day simple moving average of $151.12 and a 200-day simple moving average of $147.81.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. As a group, equities analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Analyst Ratings Changes

BOOT has been the topic of a number of research reports. JPMorgan Chase & Co. upped their target price 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 raised their target price for the company from $154.00 to $162.00 in a research note on Friday, October 25th. Robert W. Baird raised shares of Boot Barn from a "neutral" rating to an "outperform" rating and set a $167.00 target price on the stock in a research note on Wednesday, October 30th. BTIG Research raised their target price on shares of Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Finally, Benchmark reaffirmed a "buy" rating and issued a $192.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Boot Barn has an average rating of "Moderate Buy" and a consensus price target 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.