Skylands Capital LLC Has $1.50 Million Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Skylands Capital LLC lowered its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 26.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,849 shares of the company's stock after selling 3,500 shares during the quarter. Skylands Capital LLC's holdings in Boot Barn were worth $1,495,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Stephens Investment Management Group LLC purchased a new position in shares of Boot Barn in the 4th quarter valued at about $46,699,000. Artemis Investment Management LLP purchased a new position in Boot Barn in the fourth quarter valued at about $36,361,000. TimesSquare Capital Management LLC lifted its position in shares of Boot Barn by 134.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 289,641 shares of the company's stock valued at $43,973,000 after acquiring an additional 166,121 shares during the period. Jennison Associates LLC boosted its stake in shares of Boot Barn by 92.3% during the 4th quarter. Jennison Associates LLC now owns 340,550 shares of the company's stock worth $51,702,000 after acquiring an additional 163,451 shares in the last quarter. Finally, State Street Corp grew its holdings 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 during the period.

Boot Barn Price Performance

BOOT stock traded up $0.28 on Monday, reaching $128.61. The company's stock had a trading volume of 1,009,734 shares, compared to its average volume of 947,212. Boot Barn Holdings, Inc. has a 52 week low of $82.67 and a 52 week high of $176.64. The company has a market capitalization of $3.93 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 1.17 and a beta of 2.10. The firm has a fifty day moving average of $150.72 and a two-hundred day moving average of $148.23.

Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, topping 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, equities analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Insider Activity

In related 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 completion of the transaction, the chief executive officer now owns 3,937 shares of the company's stock, valued at $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 SEC, which is available through the SEC website. Insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

BOOT has been the subject of a number of research reports. Williams Trading reaffirmed a "buy" rating and set a $173.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. StockNews.com downgraded Boot Barn from a "hold" rating to a "sell" rating in a research report on Monday, February 17th. BTIG Research raised their price target on shares of Boot Barn from $185.00 to $190.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Baird R W upgraded Boot Barn from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 30th. Finally, Bank of America boosted their target price on shares of Boot Barn from $187.00 to $192.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $184.83.

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.