Shaker Investments LLC OH Boosts Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

Shaker Investments LLC OH grew its stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 139.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,511 shares of the company's stock after acquiring an additional 10,786 shares during the period. Boot Barn accounts for 1.2% of Shaker Investments LLC OH's holdings, making the stock its 29th biggest holding. Shaker Investments LLC OH owned about 0.06% of Boot Barn worth $2,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Stephens Investment Management Group LLC purchased a new position in Boot Barn during the 4th quarter valued at about $46,699,000. Jennison Associates LLC increased its holdings in 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 buying an additional 163,451 shares during the period. OLD National Bancorp IN raised its stake in Boot Barn by 6.2% in the fourth quarter. OLD National Bancorp IN now owns 2,230 shares of the company's stock worth $339,000 after buying an additional 130 shares in the last quarter. R Squared Ltd purchased a new stake in Boot Barn during the fourth quarter worth $102,000. Finally, Moody Aldrich Partners LLC lifted its holdings in Boot Barn by 129.5% during the fourth quarter. Moody Aldrich Partners LLC now owns 49,411 shares of the company's stock worth $7,502,000 after buying an additional 27,880 shares during the period.

Analysts Set New Price Targets

Several research firms have recently commented on BOOT. Bank of America boosted their price target on Boot Barn from $187.00 to $192.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. BTIG Research boosted their target price on shares of Boot Barn from $185.00 to $190.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Baird R W upgraded shares of Boot Barn from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of Boot Barn from $200.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, KeyCorp raised shares of Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 target price for the company in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $181.58.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, CEO John Hazen sold 6,311 shares of Boot Barn stock in a transaction dated Thursday, January 2nd. The stock was 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 owns 3,937 shares in the company, valued at approximately $602,282.26. This trade represents a 61.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.00% of the company's stock.

Boot Barn Stock Performance

BOOT stock traded up $3.43 during midday trading on Friday, reaching $138.19. The stock had a trading volume of 469,653 shares, compared to its average volume of 960,422. The firm has a fifty day simple moving average of $152.76 and a two-hundred day simple moving average of $147.48. 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 cap of $4.23 billion, a PE ratio of 24.68, a P/E/G ratio of 1.25 and a beta of 2.10.

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 (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. On average, sell-side analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

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.