Natixis Advisors LLC increased its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 30.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,634 shares of the company's stock after acquiring an additional 9,135 shares during the quarter. Natixis Advisors LLC owned approximately 0.13% of Boot Barn worth $6,017,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of BOOT. Blue Trust Inc. boosted its holdings in shares of Boot Barn by 1,430.0% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the company's stock worth $26,000 after purchasing an additional 143 shares during the last quarter. Assetmark Inc. boosted its stake in Boot Barn by 45.2% in the 4th quarter. Assetmark Inc. now owns 363 shares of the company's stock worth $55,000 after buying an additional 113 shares during the last quarter. R Squared Ltd purchased a new stake in Boot Barn in the 4th quarter valued at about $102,000. Smartleaf Asset Management LLC increased its stake in shares of Boot Barn by 212.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 749 shares of the company's stock valued at $115,000 after acquiring an additional 509 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Boot Barn in the fourth quarter worth approximately $162,000.
Insider Buying and Selling
In other Boot Barn news, CEO John Hazen sold 6,311 shares of the business's 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 completion of the sale, the chief executive officer now owns 3,937 shares in the company, valued at $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by company insiders.
Boot Barn Stock Down 2.5 %
Shares of Boot Barn stock traded down $2.72 on Wednesday, hitting $106.81. 715,199 shares of the company's stock traded hands, compared to its average volume of 763,001. Boot Barn Holdings, Inc. has a 52-week low of $85.49 and a 52-week high of $176.64. The stock has a market cap of $3.27 billion, a P/E ratio of 19.07, a PEG ratio of 1.17 and a beta of 2.07. The firm's 50-day moving average is $132.85 and its 200 day moving average is $144.31.
Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. Equities research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. Piper Sandler reaffirmed an "overweight" rating and set a $181.00 price target (up previously from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. StockNews.com cut Boot Barn from a "hold" rating to a "sell" rating in a report on Monday, February 17th. UBS Group decreased their price objective 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. Robert W. Baird decreased their target price on Boot Barn from $190.00 to $155.00 and set an "outperform" rating for the company in a research report on Wednesday, March 5th. Finally, BTIG Research raised their target price on Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Boot Barn currently has an average rating of "Moderate Buy" and a consensus price target of $181.92.
Check Out Our Latest Report on BOOT
About Boot Barn
(
Free Report)
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.
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