Emerald Advisers LLC Buys Shares of 131,637 Boot Barn Holdings, Inc. (NYSE:BOOT)

Emerald Advisers LLC bought a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 131,637 shares of the company's stock, valued at approximately $19,985,000. Emerald Advisers LLC owned about 0.43% of Boot Barn at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Boot Barn by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 3,409,865 shares of the company's stock valued at $517,686,000 after purchasing an additional 73,089 shares during the last quarter. State Street Corp raised its holdings 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 valued at $202,132,000 after buying an additional 51,356 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Boot Barn by 1.0% during the third quarter. Geode Capital Management LLC now owns 676,277 shares of the company's stock valued at $113,150,000 after buying an additional 6,369 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Boot Barn by 22.8% during the fourth quarter. American Century Companies Inc. now owns 493,977 shares of the company's stock worth $74,996,000 after buying an additional 91,705 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Boot Barn by 1.0% in the 3rd quarter. Franklin Resources Inc. now owns 420,688 shares of the company's stock worth $68,004,000 after buying an additional 4,226 shares in the last quarter.

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Wall Street Analyst Weigh In

A number of brokerages have issued reports on BOOT. Craig Hallum set a $178.00 price target on Boot Barn in a research report on Friday, January 31st. Robert W. Baird reduced their price objective on shares of 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 reiterated an "overweight" rating and issued a $181.00 target price (up previously from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. BTIG Research boosted their price target on shares of Boot Barn from $185.00 to $190.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Finally, Bank of America increased their price objective on shares of Boot Barn from $187.00 to $192.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $181.92.

Boot Barn Stock Performance

Shares of NYSE BOOT traded up $0.72 during trading on Thursday, hitting $107.33. The company had a trading volume of 583,412 shares, compared to its average volume of 763,819. Boot Barn Holdings, Inc. has a 52 week low of $91.56 and a 52 week high of $176.64. The business's 50-day moving average is $131.03 and its 200 day moving average is $143.79. The company 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.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, research analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, CEO John Hazen sold 6,311 shares of Boot Barn 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 transaction, the chief executive officer now directly owns 3,937 shares in the company, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.

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.