10,172 Shares in Boot Barn Holdings, Inc. (NYSE:BOOT) Acquired by Dale Q Rice Investment Management Ltd

Dale Q Rice Investment Management Ltd acquired a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,172 shares of the company's stock, valued at approximately $1,544,000. Boot Barn accounts for about 0.7% of Dale Q Rice Investment Management Ltd's investment portfolio, making the stock its 23rd biggest holding.

A number of other large investors have also modified their holdings of BOOT. State Street Corp increased its stake in shares of Boot Barn by 4.4% during the third 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. Geode Capital Management LLC grew its stake in shares of Boot Barn by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company's stock worth $113,150,000 after purchasing an additional 6,369 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Boot Barn by 0.4% in the third quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company's stock valued at $82,895,000 after purchasing an additional 1,834 shares during the period. Franklin Resources Inc. lifted its stake in shares of Boot Barn by 1.0% in the third quarter. Franklin Resources Inc. now owns 420,688 shares of the company's stock valued at $68,004,000 after purchasing an additional 4,226 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Boot Barn by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 352,698 shares of the company's stock worth $58,999,000 after buying an additional 6,335 shares in the last quarter.

Boot Barn Stock Performance

Shares of NYSE:BOOT traded down $4.37 on Tuesday, hitting $150.60. The company's stock had a trading volume of 1,218,797 shares, compared to its average volume of 879,387. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 30.24 and a beta of 2.10. Boot Barn Holdings, Inc. has a 12 month low of $69.35 and a 12 month high of $169.83. The stock's 50-day moving average is $145.07 and its two-hundred day moving average is $143.25.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.93 by $0.02. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The firm had revenue of $425.80 million for the quarter, compared to analysts' expectations of $424.42 million. During the same quarter in the previous year, the company earned $0.91 earnings per share. The firm's quarterly revenue was up 13.7% compared to the same quarter last year. Equities analysts expect that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 value 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 approximately $602,282.26. This trade represents a 61.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on BOOT shares. JPMorgan Chase & Co. lifted their price objective on Boot Barn from $181.00 to $188.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 8th. Benchmark restated a "buy" rating and issued a $192.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. BTIG Research boosted their price objective on shares of Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a research note on Monday. Bank of America started coverage on Boot Barn in a research note on Tuesday, January 7th. They issued a "buy" rating and a $187.00 price objective on the stock. Finally, Craig Hallum downgraded shares of Boot Barn from a "buy" rating to a "hold" rating and increased their target price for the stock from $154.00 to $162.00 in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Boot Barn has a consensus rating of "Moderate Buy" and an average price target of $171.17.

About Boot Barn

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.