Summit Creek Advisors LLC Has $23.26 Million Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Summit Creek Advisors LLC increased its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 39.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,174 shares of the company's stock after purchasing an additional 42,981 shares during the period. Boot Barn accounts for 3.1% of Summit Creek Advisors LLC's investment portfolio, making the stock its 8th biggest position. Summit Creek Advisors LLC owned about 0.50% of Boot Barn worth $23,255,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Stephens Investment Management Group LLC purchased a new stake in Boot Barn in the 4th quarter valued at about $46,699,000. Proficio Capital Partners LLC acquired a new position in Boot Barn in the fourth quarter valued at $45,177,000. Raymond James Financial Inc. acquired a new stake in Boot Barn during the fourth quarter worth about $42,440,000. Artemis Investment Management LLP purchased a new position in shares of Boot Barn in the 4th quarter worth about $36,361,000. Finally, TimesSquare Capital Management LLC grew its position in Boot Barn by 134.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 289,641 shares of the company's stock valued at $43,973,000 after acquiring an additional 166,121 shares in the last quarter.

Boot Barn Stock Down 2.9 %

Shares of NYSE:BOOT traded down $3.14 during trading on Friday, hitting $104.13. 639,227 shares of the company traded hands, compared to its average volume of 777,702. The business's fifty day moving average is $129.91 and its 200-day moving average is $143.55. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 1.17 and a beta of 2.07. Boot Barn Holdings, Inc. has a one year low of $95.28 and a one year high of $176.64.

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Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.43 EPS for the quarter, topping analysts' consensus estimates 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, analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Insider Buying and Selling

In related news, CEO John Hazen sold 6,311 shares of the 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 completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BOOT. KeyCorp raised shares of Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 price objective for the company in a research report on Thursday, January 23rd. StockNews.com lowered shares of Boot Barn from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. Robert W. Baird reduced their price objective on shares of Boot Barn from $190.00 to $155.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 5th. Bank of America raised their price objective on shares of Boot Barn from $187.00 to $192.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Finally, UBS Group cut their target price on shares of Boot Barn from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $181.92.

Boot Barn 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.