Cibc World Markets Corp Invests $420,000 in Boot Barn Holdings, Inc. (NYSE:BOOT)

Cibc World Markets Corp purchased a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,769 shares of the company's stock, valued at approximately $420,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BOOT. Natixis Advisors LLC grew its stake in shares of Boot Barn by 30.0% in the 4th quarter. Natixis Advisors LLC now owns 39,634 shares of the company's stock valued at $6,017,000 after purchasing an additional 9,135 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Boot Barn by 64.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,062 shares of the company's stock valued at $313,000 after buying an additional 810 shares during the last quarter. Swiss National Bank increased its stake in Boot Barn by 1.2% in the 4th quarter. Swiss National Bank now owns 60,000 shares of the company's stock valued at $9,109,000 after buying an additional 700 shares during the period. AlphaQuest LLC purchased a new position in Boot Barn during the 4th quarter worth $162,000. Finally, Amundi lifted its stake in shares of Boot Barn by 1,496.7% in the 4th quarter. Amundi now owns 27,990 shares of the company's stock worth $4,488,000 after acquiring an additional 26,237 shares during the period.

Boot Barn Trading Up 0.7 %

BOOT traded up $0.72 during midday trading on Thursday, hitting $107.33. The company's stock had a trading volume of 583,412 shares, compared to its average volume of 763,450. Boot Barn Holdings, Inc. has a 52-week low of $88.35 and a 52-week high of $176.64. The firm has a 50-day moving average price of $131.95 and a two-hundred day moving average price of $144.05. The firm has a market cap of $3.28 billion, a P/E ratio of 19.17, a PEG ratio of 1.17 and a beta of 2.07.

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

Insider Activity at Boot Barn

In other Boot Barn 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 value of $965,456.78. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

BOOT has been the subject of several analyst reports. KeyCorp raised shares of Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 price target for the company in a report on Thursday, January 23rd. BTIG Research increased their target price on Boot Barn from $185.00 to $190.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Robert W. Baird reduced their price target on Boot Barn from $190.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, March 5th. Piper Sandler reissued an "overweight" rating and set a $181.00 price objective (up previously from $179.00) on shares of Boot Barn in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their price target on Boot Barn from $200.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. 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 company's stock. Based on data from MarketBeat.com, Boot Barn has a consensus rating of "Moderate Buy" and an average 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.