Thrivent Financial for Lutherans reduced its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 460,851 shares of the company's stock after selling 34,695 shares during the quarter. Thrivent Financial for Lutherans owned about 1.51% of Boot Barn worth $69,967,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Blue Trust Inc. raised its position in Boot Barn by 1,430.0% in the 4th quarter. Blue Trust Inc. now owns 153 shares of the company's stock valued at $26,000 after purchasing an additional 143 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Boot Barn by 201.8% in the fourth quarter. Signaturefd LLC now owns 166 shares of the company's stock valued at $25,000 after buying an additional 111 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Boot Barn by 45.2% during the fourth quarter. Assetmark Inc. now owns 363 shares of the company's stock worth $55,000 after buying an additional 113 shares during the period. R Squared Ltd purchased a new position in shares of Boot Barn during the fourth quarter worth about $102,000. Finally, Smartleaf Asset Management LLC increased its position in Boot Barn by 212.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 749 shares of the company's stock valued at $115,000 after acquiring an additional 509 shares during the period.
Insider Activity
In other news, CEO John Hazen sold 6,311 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 $602,282.26. This represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company's stock.
Boot Barn Stock Performance
BOOT traded down $2.66 on Friday, hitting $104.64. 1,095,795 shares of the company were exchanged, compared to its average volume of 762,308. Boot Barn Holdings, Inc. has a fifty-two week low of $84.83 and a fifty-two week high of $176.64. The firm has a market capitalization of $3.20 billion, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 1.17 and a beta of 2.07. The business's fifty day moving average is $134.51 and its 200 day moving average is $144.58.
Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share 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%. Analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.
Wall Street Analyst Weigh In
BOOT has been the topic of several analyst reports. Robert W. Baird lowered their target price on Boot Barn from $190.00 to $155.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 5th. JPMorgan Chase & Co. increased their price target on Boot Barn from $200.00 to $209.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. StockNews.com cut shares of Boot Barn from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. Craig Hallum set a $178.00 target price on shares of Boot Barn in a research note on Friday, January 31st. Finally, BTIG Research lifted their target price on shares of Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $181.92.
Get Our Latest Report on Boot Barn
Boot Barn Company Profile
(
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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