Stephens Investment Management Group LLC Invests $46.70 Million in Boot Barn Holdings, Inc. (NYSE:BOOT)

Stephens Investment Management Group LLC purchased a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 307,592 shares of the company's stock, valued at approximately $46,699,000. Stephens Investment Management Group LLC owned approximately 1.01% of Boot Barn at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BOOT. Artemis Investment Management LLP purchased a new stake in Boot Barn in the fourth quarter valued at $36,361,000. Jennison Associates LLC raised its position in shares of Boot Barn by 92.3% during the 4th quarter. Jennison Associates LLC now owns 340,550 shares of the company's stock worth $51,702,000 after purchasing an additional 163,451 shares during the last quarter. State Street Corp raised its position in shares of Boot Barn by 4.4% during the 3rd quarter. State Street Corp now owns 1,208,345 shares of the company's stock worth $202,132,000 after purchasing an additional 51,356 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Boot Barn by 56.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company's stock worth $23,638,000 after purchasing an additional 51,032 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Boot Barn in the 3rd quarter valued at about $5,931,000.

Boot Barn Trading Up 1.4 %

Shares of NYSE BOOT traded up $1.79 during midday trading on Wednesday, reaching $131.93. The company's stock had a trading volume of 837,707 shares, compared to its average volume of 984,515. The company has a 50 day moving average price of $153.04 and a 200 day moving average price of $147.57. Boot Barn Holdings, Inc. has a one year low of $82.67 and a one year high of $176.64. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 1.25 and a beta of 2.10.

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

Wall Street Analysts Forecast Growth

BOOT has been the subject of several analyst reports. Bank of America increased their price target on shares of Boot Barn from $187.00 to $192.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Piper Sandler reissued 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. UBS Group cut their price target on Boot Barn from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. BTIG Research boosted their price target on shares of Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Finally, Craig Hallum cut shares of Boot Barn from a "buy" rating to a "hold" rating and boosted their price target for the company from $154.00 to $162.00 in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $181.58.

Insider Transactions at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 in the company, valued at approximately $602,282.26. This represents a 61.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.00% of the stock is owned by corporate insiders.

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.