Teacher Retirement System of Texas raised its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 83.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,141 shares of the company's stock after buying an additional 10,048 shares during the period. Teacher Retirement System of Texas owned about 0.07% of Boot Barn worth $3,361,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of BOOT. Harvest Fund Management Co. Ltd acquired a new stake in Boot Barn during the fourth quarter worth about $401,000. Xponance Inc. increased its stake in shares of Boot Barn by 12.0% during the fourth quarter. Xponance Inc. now owns 2,172 shares of the company's stock valued at $330,000 after acquiring an additional 233 shares during the period. Intech Investment Management LLC lifted its holdings in Boot Barn by 116.6% in the 4th quarter. Intech Investment Management LLC now owns 19,808 shares of the company's stock valued at $3,007,000 after acquiring an additional 10,661 shares during the last quarter. Signaturefd LLC raised its position in shares of Boot Barn by 201.8% during the fourth quarter. Signaturefd LLC now owns 166 shares of the company's stock worth $25,000 after purchasing an additional 111 shares during the period. Finally, Cibc World Markets Corp acquired a new position in Boot Barn in the 4th quarter worth approximately $420,000.
Boot Barn Price Performance
Boot Barn stock traded down $3.14 during mid-day trading on Friday, reaching $104.13. 639,227 shares of the stock traded hands, compared to its average volume of 778,930. The stock has a market capitalization of $3.19 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 1.17 and a beta of 2.07. The business's 50-day moving average is $131.03 and its 200-day moving average is $143.79. Boot Barn Holdings, Inc. has a 12-month low of $91.56 and a 12-month high of $176.64.
Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, beating 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%. Equities analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, CEO John Hazen sold 6,311 shares of Boot Barn 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 sale, the chief executive officer now directly owns 3,937 shares in the company, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Boot Barn from $200.00 to $209.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Piper Sandler restated an "overweight" rating and issued a $181.00 price objective (up from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. KeyCorp upgraded 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. Craig Hallum set a $178.00 price objective on Boot Barn in a research report on Friday, January 31st. Finally, UBS Group reduced 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 analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $181.92.
Read Our Latest Stock Analysis on Boot Barn
About Boot Barn
(
Free Report)
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.
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