Victory Capital Management Inc. Cuts Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Victory Capital Management Inc. decreased its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 41.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,371 shares of the company's stock after selling 5,991 shares during the period. Victory Capital Management Inc.'s holdings in Boot Barn were worth $1,271,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. KBC Group NV lifted its stake in Boot Barn by 23.3% during the 3rd quarter. KBC Group NV now owns 951 shares of the company's stock valued at $159,000 after acquiring an additional 180 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Boot Barn during the 3rd quarter valued at about $5,931,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Boot Barn by 5.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 90,792 shares of the company's stock valued at $15,188,000 after acquiring an additional 4,585 shares during the period. Intech Investment Management LLC lifted its stake in Boot Barn by 128.8% during the 3rd quarter. Intech Investment Management LLC now owns 9,147 shares of the company's stock valued at $1,530,000 after acquiring an additional 5,149 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Boot Barn by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 352,698 shares of the company's stock valued at $58,999,000 after acquiring an additional 6,335 shares during the period.

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Boot Barn Trading Down 2.5 %

Boot Barn stock traded down $2.66 during midday trading on Friday, hitting $104.64. The stock had a trading volume of 1,095,795 shares, compared to its average volume of 762,308. The firm's fifty day moving average is $134.51 and its two-hundred day moving average is $144.58. The company has a market capitalization of $3.20 billion, a PE ratio of 18.68, a P/E/G 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.

Boot Barn (NYSE:BOOT - Get Free Report) last released its 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 net margin of 9.36% and a return on equity of 17.11%. As a group, equities research analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 directly owns 3,937 shares of the company's stock, valued at $602,282.26. This trade represents a 61.58 % decrease in their position. 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.

Analyst Upgrades and Downgrades

BOOT has been the topic of several research analyst 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 note on Friday, January 31st. Bank of America increased their price objective on shares of Boot Barn from $187.00 to $192.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Piper Sandler reiterated an "overweight" rating and issued a $181.00 price objective (up previously from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. Robert W. Baird lowered their price objective on shares of Boot Barn from $190.00 to $155.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 5th. Finally, UBS Group lowered their price objective on shares of Boot Barn from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, Boot Barn has an average rating of "Moderate Buy" and a consensus price target of $181.92.

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.