Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. grew its stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 13.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,933 shares of the company's stock after acquiring an additional 28,268 shares during the period. Principal Financial Group Inc. owned 0.76% of Boot Barn worth $35,212,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in BOOT. Stephens Investment Management Group LLC bought a new position in shares of Boot Barn during the fourth quarter valued at approximately $46,699,000. Artemis Investment Management LLP bought a new position in shares of Boot Barn during the fourth quarter valued at approximately $36,361,000. Jennison Associates LLC boosted its stake in shares of Boot Barn by 92.3% during the fourth quarter. Jennison Associates LLC now owns 340,550 shares of the company's stock valued at $51,702,000 after purchasing an additional 163,451 shares in the last quarter. State Street Corp boosted its stake in shares of Boot Barn by 4.4% during the third quarter. State Street Corp now owns 1,208,345 shares of the company's stock valued at $202,132,000 after purchasing an additional 51,356 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Boot Barn by 56.5% during the third quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company's stock valued at $23,638,000 after purchasing an additional 51,032 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BOOT shares. Craig Hallum set a $178.00 price objective on shares of Boot Barn in a research note on Friday, January 31st. BTIG Research increased their price objective on shares of Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a research note on Monday, January 13th. UBS Group lowered their target price 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. StockNews.com downgraded shares of Boot Barn from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. Finally, JPMorgan Chase & Co. raised their target price 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Boot Barn presently has a consensus rating of "Moderate Buy" and a consensus target price of $184.83.

Insiders Place Their Bets

In related 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 transaction, the chief executive officer now directly 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 SEC, which is available at this hyperlink. Corporate insiders own 1.00% of the company's stock.

Boot Barn Trading Down 3.1 %

Shares of NYSE BOOT traded down $4.11 during midday trading on Friday, reaching $128.11. The company had a trading volume of 757,219 shares, compared to its average volume of 963,223. The business's 50-day simple moving average is $151.12 and its 200 day simple moving average is $147.81. The stock has a market cap of $3.92 billion, a P/E ratio of 22.88, a P/E/G ratio of 1.17 and a beta of 2.10. Boot Barn Holdings, Inc. has a 1 year low of $82.67 and a 1 year high of $176.64.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) 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%. Analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

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.