Congress Wealth Management LLC DE Trims Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Congress Wealth Management LLC DE cut its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 12.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,998 shares of the company's stock after selling 9,582 shares during the period. Congress Wealth Management LLC DE owned 0.23% of Boot Barn worth $10,475,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in shares of Boot Barn by 51.1% during the 3rd quarter. Victory Capital Management Inc. now owns 14,362 shares of the company's stock valued at $2,402,000 after acquiring an additional 4,856 shares during the period. Intech Investment Management LLC grew its holdings in Boot Barn by 128.8% in the third quarter. Intech Investment Management LLC now owns 9,147 shares of the company's stock valued at $1,530,000 after purchasing an additional 5,149 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Boot Barn by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 352,698 shares of the company's stock valued at $58,999,000 after buying an additional 6,335 shares in the last quarter. Citigroup Inc. raised its stake in shares of Boot Barn by 37.1% during the 3rd quarter. Citigroup Inc. now owns 57,870 shares of the company's stock worth $9,680,000 after buying an additional 15,673 shares during the period. Finally, Cerity Partners LLC lifted its position in shares of Boot Barn by 85.0% during the 3rd quarter. Cerity Partners LLC now owns 2,949 shares of the company's stock valued at $493,000 after buying an additional 1,355 shares in the last quarter.

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Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BOOT shares. Craig Hallum set a $178.00 price target on shares of Boot Barn in a research note on Friday, January 31st. Piper Sandler reiterated an "overweight" rating and issued a $181.00 price objective (up from $179.00) on shares of Boot Barn in a report on Friday, January 31st. KeyCorp upgraded 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. Bank of America upped their target price on shares of Boot Barn from $187.00 to $192.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Finally, StockNews.com cut shares of Boot Barn from a "hold" rating to a "sell" rating in a research report on Monday, February 17th. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $181.92.

Boot Barn Trading Down 2.9 %

NYSE:BOOT traded down $3.14 during midday trading on Friday, reaching $104.13. The company had a trading volume of 639,227 shares, compared to its average volume of 777,702. Boot Barn Holdings, Inc. has a 12-month low of $95.28 and a 12-month high of $176.64. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 1.17 and a beta of 2.07. The stock's fifty day simple moving average is $129.91 and its 200-day simple moving average is $143.55.

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

Insiders Place Their Bets

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the firm's 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 sale, the chief executive officer now owns 3,937 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

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.