Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. lowered its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 81.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,862 shares of the company's stock after selling 25,076 shares during the period. Edgestream Partners L.P.'s holdings in Boot Barn were worth $890,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp increased its holdings in shares of Boot Barn by 4.4% during the 3rd 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 increased its stake in Boot Barn by 1.0% during the third quarter. Geode Capital Management LLC now owns 676,277 shares of the company's stock worth $113,150,000 after acquiring an additional 6,369 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Boot Barn by 0.4% during the third quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company's stock worth $82,895,000 after acquiring an additional 1,834 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Boot Barn by 1.0% in the 3rd quarter. Franklin Resources Inc. now owns 420,688 shares of the company's stock worth $68,004,000 after purchasing an additional 4,226 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Boot Barn by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 358,579 shares of the company's stock valued at $54,439,000 after purchasing an additional 5,881 shares in the last quarter.

Insiders Place Their Bets

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total transaction of $965,456.78. Following the sale, the chief executive officer now owns 3,937 shares in the company, valued at $602,282.26. This represents a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is owned by company insiders.

Boot Barn Stock Performance

NYSE:BOOT opened at $101.82 on Wednesday. Boot Barn Holdings, Inc. has a one year low of $82.67 and a one year high of $176.64. The business's 50-day simple moving average is $143.08 and its 200 day simple moving average is $146.53. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 1.17 and a beta of 2.07.

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Boot Barn (NYSE:BOOT - Get Free Report) last announced its earnings results 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 return on equity of 17.11% and a net margin of 9.36%. On average, equities research analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BOOT shares. Craig Hallum set a $178.00 target price on shares of Boot Barn in a research report on Friday, January 31st. Piper Sandler reissued an "overweight" rating and issued a $181.00 price objective (up previously from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. BTIG Research lifted their target price on shares of Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a report on Monday, January 13th. Robert W. Baird decreased their price target on shares of Boot Barn from $190.00 to $155.00 and set an "outperform" rating for the company in a research report on Wednesday, March 5th. Finally, Bank of America raised their price objective on Boot Barn from $187.00 to $192.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $181.92.

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.

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