Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Bought by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC lifted its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 129.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,411 shares of the company's stock after purchasing an additional 27,880 shares during the quarter. Boot Barn comprises 1.4% of Moody Aldrich Partners LLC's investment portfolio, making the stock its 13th biggest holding. Moody Aldrich Partners LLC owned approximately 0.16% of Boot Barn worth $7,502,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BOOT. State Street Corp grew its position in shares of Boot Barn by 4.4% in the 3rd quarter. State Street Corp now owns 1,208,345 shares of the company's stock worth $202,132,000 after buying an additional 51,356 shares during the period. Geode Capital Management LLC grew its holdings in Boot Barn by 1.0% in the third quarter. Geode Capital Management LLC now owns 676,277 shares of the company's stock worth $113,150,000 after purchasing an additional 6,369 shares during the period. Thrivent Financial for Lutherans grew its holdings in Boot Barn by 0.4% in the third quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company's stock worth $82,895,000 after purchasing an additional 1,834 shares during the period. Franklin Resources Inc. increased its stake in shares of Boot Barn by 1.0% during the third 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. lifted its holdings in shares of Boot Barn by 1.8% during 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.

Insider Buying and Selling

In related news, CEO John Hazen sold 6,311 shares of the firm'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 directly owns 3,937 shares of the company's stock, valued at approximately $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

Boot Barn Price Performance

Shares of NYSE:BOOT traded up $0.07 during trading on Wednesday, hitting $174.04. The company's stock had a trading volume of 298,372 shares, compared to its average volume of 790,715. The company has a 50-day moving average of $151.35 and a 200-day moving average of $145.89. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 34.93, a P/E/G ratio of 1.48 and a beta of 2.10. Boot Barn Holdings, Inc. has a 12 month low of $71.54 and a 12 month high of $176.64.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.02. The firm had revenue of $425.80 million for the quarter, compared to analysts' expectations of $424.42 million. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The business's quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. As a group, research analysts anticipate that Boot Barn Holdings, Inc. will post 5.8 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BOOT. Craig Hallum lowered Boot Barn from a "buy" rating to a "hold" rating and raised their price objective for the company from $154.00 to $162.00 in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their price target on shares of Boot Barn from $181.00 to $188.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 8th. Piper Sandler restated an "overweight" rating and set a $179.00 price objective on shares of Boot Barn in a research note on Tuesday, October 29th. Robert W. Baird raised shares of Boot Barn from a "neutral" rating to an "outperform" rating and set a $167.00 price target for the company in a research report on Wednesday, October 30th. Finally, KeyCorp raised Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 price objective on the stock in a research report on Thursday, January 23rd. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $173.00.

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.