Primecap Management Co. CA Trims Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Primecap Management Co. CA decreased its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,300 shares of the company's stock after selling 2,700 shares during the quarter. Primecap Management Co. CA owned about 0.20% of Boot Barn worth $9,155,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. State Street Corp raised its position in shares of Boot Barn by 4.4% in the 3rd quarter. State Street Corp now owns 1,208,345 shares of the company's stock worth $202,132,000 after acquiring an additional 51,356 shares in the last quarter. Geode Capital Management LLC grew its stake in Boot Barn by 1.0% in the third quarter. Geode Capital Management LLC now owns 676,277 shares of the company's stock worth $113,150,000 after purchasing an additional 6,369 shares during the period. Franklin Resources Inc. raised its holdings in Boot Barn by 1.0% in the third 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Boot Barn by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 358,579 shares of the company's stock valued at $54,439,000 after buying an additional 5,881 shares during the period. Finally, Jennison Associates LLC lifted its position in Boot Barn by 92.3% during the fourth quarter. Jennison Associates LLC now owns 340,550 shares of the company's stock valued at $51,702,000 after buying an additional 163,451 shares during the period.

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Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BTIG Research increased their price target on shares of Boot Barn from $185.00 to $190.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. UBS Group decreased their target price on shares of Boot Barn from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. StockNews.com cut Boot Barn from a "hold" rating to a "sell" rating in a research report on Monday, February 17th. Craig Hallum set a $178.00 price target on Boot Barn in a research note on Friday, January 31st. Finally, Piper Sandler reiterated an "overweight" rating and set a $181.00 price objective (up previously from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $181.92.

Insider Activity at Boot Barn

In related 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 transaction of $965,456.78. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Boot Barn Stock Performance

Shares of BOOT stock traded up $8.02 during mid-day trading on Monday, hitting $112.75. The company's stock had a trading volume of 709,373 shares, compared to its average volume of 762,097. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 1.17 and a beta of 2.07. Boot Barn Holdings, Inc. has a 52-week low of $84.83 and a 52-week high of $176.64. The business has a 50-day moving average price of $134.51 and a 200 day moving average price of $144.65.

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

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.