Miracle Mile Advisors LLC Invests $322,000 in Boot Barn Holdings, Inc. (NYSE:BOOT)

Miracle Mile Advisors LLC bought a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,119 shares of the company's stock, valued at approximately $322,000.

Several other hedge funds have also recently bought and sold shares of BOOT. Marshall Wace LLP bought a new stake in Boot Barn during the second quarter valued at $19,532,000. State Street Corp boosted its holdings in Boot Barn by 4.4% during the 3rd 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. JPMorgan Chase & Co. grew its position in Boot Barn by 56.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company's stock worth $23,638,000 after purchasing an additional 51,032 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Boot Barn during the third quarter valued at approximately $5,931,000. Finally, Sei Investments Co. lifted its holdings in Boot Barn by 39.3% during the second quarter. Sei Investments Co. now owns 102,933 shares of the company's stock worth $13,271,000 after acquiring an additional 29,049 shares during the period.

Boot Barn Trading Up 4.6 %

NYSE BOOT traded up $7.01 during trading on Friday, hitting $160.28. The company had a trading volume of 911,536 shares, compared to its average volume of 873,373. The company's fifty day moving average is $146.34 and its 200-day moving average is $143.53. Boot Barn Holdings, Inc. has a one year low of $69.35 and a one year high of $169.83. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 32.19, a price-to-earnings-growth ratio of 1.59 and a beta of 2.10.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings data 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 net margin of 8.73% and a return on equity of 15.89%. The business had revenue of $425.80 million during the quarter, compared to analyst estimates of $424.42 million. During the same period last year, the business posted $0.91 earnings per share. Boot Barn's quarterly revenue was up 13.7% compared to the same quarter last year. As a group, equities analysts anticipate that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.

Insider Buying and Selling at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of Boot Barn stock in a transaction 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 owns 3,937 shares in the company, valued at $602,282.26. This trade represents a 61.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BOOT shares. Benchmark restated a "buy" rating and set a $192.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. Craig Hallum cut shares of Boot Barn from a "buy" rating to a "hold" rating and lifted their price target for the stock from $154.00 to $162.00 in a report on Friday, October 25th. UBS Group upgraded shares of Boot Barn from a "neutral" rating to a "buy" rating and increased their target price for the stock from $155.00 to $210.00 in a research report on Friday, January 10th. Bank of America increased their price objective on Boot Barn from $187.00 to $192.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Williams Trading reiterated a "buy" rating and issued a $173.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Boot Barn currently has a consensus rating of "Moderate Buy" and a consensus target price of $171.58.

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.