Legato Capital Management LLC Has $2.74 Million Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

Legato Capital Management LLC boosted its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 63.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,030 shares of the company's stock after acquiring an additional 7,029 shares during the quarter. Legato Capital Management LLC owned 0.06% of Boot Barn worth $2,737,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. acquired a new position in shares of Boot Barn in the third quarter valued at $25,000. Blue Trust Inc. increased its holdings in shares of Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company's stock valued at $26,000 after purchasing an additional 143 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Boot Barn by 100.8% in the third quarter. GAMMA Investing LLC now owns 534 shares of the company's stock valued at $89,000 after purchasing an additional 268 shares during the last quarter. R Squared Ltd acquired a new position in shares of Boot Barn in the fourth quarter valued at $102,000. Finally, KBC Group NV increased its holdings in shares of Boot Barn by 23.3% in the third quarter. KBC Group NV now owns 951 shares of the company's stock valued at $159,000 after purchasing an additional 180 shares during the last quarter.

Boot Barn Stock Up 1.7 %

Shares of BOOT stock traded up $2.35 on Friday, reaching $137.11. The company had a trading volume of 907,938 shares, compared to its average volume of 1,014,680. The business's 50-day moving average is $152.41 and its 200 day moving average is $147.53. The stock has a market capitalization of $4.19 billion, a PE ratio of 24.48, a price-to-earnings-growth ratio of 1.25 and a beta of 2.10. Boot Barn Holdings, Inc. has a one year low of $82.67 and a one year high of $176.64.

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

Insider Activity at Boot Barn

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 completion of the transaction, the chief executive officer now owns 3,937 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. UBS Group decreased their price target on shares of Boot Barn from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. upped their price target on shares of Boot Barn from $200.00 to $209.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Piper Sandler restated an "overweight" rating and issued a $181.00 price target (up from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. Baird R W upgraded shares of Boot Barn from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 30th. Finally, Williams Trading reiterated a "buy" rating and set a $173.00 price objective on shares of Boot Barn in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $181.58.

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.