Harbor Capital Advisors Inc. Increases Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

Harbor Capital Advisors Inc. increased its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 18,573.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,939 shares of the company's stock after acquiring an additional 14,859 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Boot Barn were worth $2,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. State Street Corp grew its stake in shares of Boot Barn by 4.4% in 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 last quarter. Geode Capital Management LLC grew its position in Boot Barn by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company's stock valued at $113,150,000 after purchasing an additional 6,369 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Boot Barn by 0.4% during the 3rd 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 last quarter. Franklin Resources Inc. increased its stake in Boot Barn by 1.0% during the 3rd 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Boot Barn by 1.8% in 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 during the last quarter.

Insider Activity

In related 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 owns 3,937 shares of the company's stock, valued at approximately $602,282.26. This represents a 61.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Baird R W raised shares of Boot Barn from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 30th. Williams Trading reissued a "buy" rating and issued a $173.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. Robert W. Baird raised Boot Barn from a "neutral" rating to an "outperform" rating and set a $167.00 price target on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on Boot Barn from $181.00 to $188.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Bank of America began coverage on Boot Barn in a research report on Tuesday, January 7th. They issued a "buy" rating and a $187.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have given 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, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $170.75.

Boot Barn Stock Down 2.7 %

BOOT traded down $4.39 during trading on Friday, hitting $155.95. The company's stock had a trading volume of 886,311 shares, compared to its average volume of 733,408. Boot Barn Holdings, Inc. has a one year low of $69.35 and a one year high of $169.83. The business's 50 day simple moving average is $144.53 and its 200-day simple moving average is $143.06. The firm has a market cap of $4.76 billion, a PE ratio of 31.32 and a beta of 2.10.

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 analysts' consensus estimates of $0.93 by $0.02. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The company had revenue of $425.80 million for the quarter, compared to analysts' expectations of $424.42 million. During the same period last year, the firm earned $0.91 EPS. Boot Barn's revenue for the quarter was up 13.7% compared to the same quarter last year. Equities research analysts expect that Boot Barn Holdings, Inc. will post 5.48 EPS for the current fiscal year.

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.