Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. trimmed its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 38.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,390 shares of the company's stock after selling 7,181 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Boot Barn were worth $1,729,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC lifted its holdings in Boot Barn by 1.0% during the 3rd 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 last quarter. Dale Q Rice Investment Management Ltd acquired a new stake in shares of Boot Barn during the 4th quarter worth $1,544,000. Algert Global LLC increased its position in shares of Boot Barn by 653.9% in the third quarter. Algert Global LLC now owns 23,001 shares of the company's stock worth $3,848,000 after purchasing an additional 19,950 shares during the period. Blueshift Asset Management LLC acquired a new position in Boot Barn in the third quarter valued at about $3,343,000. Finally, Stephens Investment Management Group LLC acquired a new position in Boot Barn in the fourth quarter valued at about $46,699,000.

Boot Barn Price Performance

BOOT traded down $8.09 during midday trading on Friday, reaching $108.61. 1,325,659 shares of the company's stock traded hands, compared to its average volume of 751,075. Boot Barn Holdings, Inc. has a 52 week low of $82.67 and a 52 week high of $176.64. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 1.17 and a beta of 2.07. The firm has a fifty day moving average of $146.05 and a two-hundred day moving average of $147.14.

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Boot Barn (NYSE:BOOT - Get Free Report) last announced its quarterly earnings data 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%. Sell-side analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Insiders Place Their Bets

In other news, CEO John Hazen sold 6,311 shares of the company'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 sale, the chief executive officer now directly owns 3,937 shares of the company's stock, valued at $602,282.26. This represents a 61.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BOOT shares. BTIG Research raised their target price on shares of Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a report on Monday, January 13th. StockNews.com downgraded shares of Boot Barn from a "hold" rating to a "sell" rating in a research report on Monday, February 17th. Craig Hallum set a $178.00 price target on Boot Barn in a research note on Friday, January 31st. Bank of America upped their price objective on Boot Barn from $187.00 to $192.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. lifted their target price on Boot Barn from $200.00 to $209.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. One equities 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 issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $181.92.

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.