Intech Investment Management LLC Raises Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Intech Investment Management LLC grew its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 116.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,808 shares of the company's stock after acquiring an additional 10,661 shares during the quarter. Intech Investment Management LLC owned about 0.06% of Boot Barn worth $3,007,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. boosted its position in Boot Barn by 51.1% during the third quarter. Victory Capital Management Inc. now owns 14,362 shares of the company's stock worth $2,402,000 after acquiring an additional 4,856 shares during the last quarter. KBC Group NV lifted its stake in Boot Barn by 23.3% in the 3rd quarter. KBC Group NV now owns 951 shares of the company's stock worth $159,000 after purchasing an additional 180 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Boot Barn during the 3rd quarter worth approximately $5,931,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Boot Barn by 5.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 90,792 shares of the company's stock valued at $15,188,000 after purchasing an additional 4,585 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings 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 purchasing an additional 6,335 shares during the last quarter.

Remove Ads

Boot Barn Trading Up 7.7 %

NYSE:BOOT traded up $8.02 during midday trading on Monday, reaching $112.75. The company had a trading volume of 709,373 shares, compared to its average volume of 762,097. The stock's fifty day simple moving average is $134.51 and its 200-day simple moving average is $144.65. Boot Barn Holdings, Inc. has a 12-month low of $84.83 and a 12-month high of $176.64. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 1.17 and a beta of 2.07.

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

Insider Transactions at Boot Barn

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total value of $965,456.78. Following the sale, the chief executive officer now directly owns 3,937 shares in the company, valued at $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Robert W. Baird dropped their target price on Boot Barn from $190.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, March 5th. JPMorgan Chase & Co. upped their price objective on shares of Boot Barn from $200.00 to $209.00 and gave the company an "overweight" rating in a report on Friday, January 31st. BTIG Research lifted their target price on shares of Boot Barn from $185.00 to $190.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. UBS Group dropped their price target on shares of Boot Barn from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Finally, KeyCorp raised shares of Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 price target on the stock in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $181.92.

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.