Congress Asset Management Co. Sells 45,241 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Congress Asset Management Co. lowered its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 433,795 shares of the company's stock after selling 45,241 shares during the period. Congress Asset Management Co. owned about 1.42% of Boot Barn worth $65,859,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Crossmark Global Holdings Inc. raised its holdings in shares of Boot Barn by 3.7% in the third quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company's stock valued at $382,000 after purchasing an additional 82 shares during the last quarter. Fisher Asset Management LLC grew its position in Boot Barn by 2.0% during the third quarter. Fisher Asset Management LLC now owns 4,192 shares of the company's stock valued at $701,000 after buying an additional 83 shares during the period. Louisiana State Employees Retirement System grew its position in Boot Barn by 0.7% during the fourth quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the company's stock valued at $2,247,000 after buying an additional 100 shares during the period. OLD National Bancorp IN grew its position in Boot Barn by 6.2% during the fourth quarter. OLD National Bancorp IN now owns 2,230 shares of the company's stock valued at $339,000 after buying an additional 130 shares during the period. Finally, Blue Trust Inc. grew its position in Boot Barn by 1,430.0% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the company's stock valued at $26,000 after buying an additional 143 shares during the period.

Boot Barn Trading Down 3.3 %

Shares of BOOT traded down $4.55 during mid-day trading on Wednesday, reaching $133.45. The company's stock had a trading volume of 702,418 shares, compared to its average volume of 960,890. The stock has a market cap of $4.08 billion, a PE ratio of 23.83, a P/E/G ratio of 1.21 and a beta of 2.10. Boot Barn Holdings, Inc. has a 52 week low of $82.67 and a 52 week high of $176.64. The company's fifty day moving average price is $151.99 and its two-hundred day moving average price is $147.96.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.43 EPS for the quarter, beating analysts' consensus estimates of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. Research analysts anticipate 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 company's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total value of $965,456.78. Following the completion of the transaction, the chief executive officer now directly owns 3,937 shares in the company, valued at approximately $602,282.26. This represents a 61.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BOOT shares. Williams Trading reiterated a "buy" rating and issued a $173.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. 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 research note on Thursday, January 23rd. Baird R W raised shares of Boot Barn from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 30th. Citigroup cut their price target on shares of Boot Barn from $194.00 to $178.00 and set a "buy" rating for the company in a research note on Tuesday, October 29th. Finally, StockNews.com cut shares of Boot Barn from a "hold" rating to a "sell" rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $181.58.

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.