Sit Investment Associates Inc. Lowers Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Sit Investment Associates Inc. lowered its stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 21.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,055 shares of the company's stock after selling 3,205 shares during the quarter. Sit Investment Associates Inc.'s holdings in Boot Barn were worth $1,830,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of BOOT. Louisiana State Employees Retirement System boosted its position in shares of Boot Barn by 0.7% during the 4th quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the company's stock valued at $2,247,000 after acquiring an additional 100 shares during the last quarter. Arizona State Retirement System lifted its position in Boot Barn by 1.1% during the fourth quarter. Arizona State Retirement System now owns 8,853 shares of the company's stock valued at $1,344,000 after purchasing an additional 100 shares during the last quarter. Signaturefd LLC grew its stake in shares of Boot Barn by 201.8% in the 4th quarter. Signaturefd LLC now owns 166 shares of the company's stock worth $25,000 after buying an additional 111 shares in the last quarter. Assetmark Inc. increased its holdings in shares of 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. Finally, OLD National Bancorp IN raised its position in shares of Boot Barn by 6.2% during the 4th quarter. OLD National Bancorp IN now owns 2,230 shares of the company's stock valued at $339,000 after buying an additional 130 shares in the last quarter.

Remove Ads

Analyst Upgrades and Downgrades

Several research analysts recently commented on BOOT shares. Piper Sandler reiterated an "overweight" rating and issued a $181.00 price target (up previously from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. Bank of America boosted their target price on Boot Barn from $187.00 to $192.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Craig Hallum set a $178.00 price target on Boot Barn in a report on Friday, January 31st. BTIG Research lifted their price objective on shares of Boot Barn from $185.00 to $190.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. increased 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 research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $175.62.

Boot Barn Price Performance

BOOT stock traded down $1.22 during mid-day trading on Friday, reaching $97.77. The company had a trading volume of 821,766 shares, compared to its average volume of 802,599. The company has a market capitalization of $2.99 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 1.17 and a beta of 1.75. The firm has a 50 day moving average of $114.94 and a 200 day moving average of $138.72. Boot Barn Holdings, Inc. has a 12 month low of $88.23 and a 12 month high of $176.64.

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%. Analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS 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.