Trust Point Inc. Has $763,000 Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Trust Point Inc. lowered its stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 44.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,024 shares of the company's stock after selling 4,088 shares during the period. Trust Point Inc.'s holdings in Boot Barn were worth $763,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BOOT. GHP Investment Advisors Inc. bought a new position in shares of Boot Barn in the 3rd quarter valued at $25,000. Blue Trust Inc. raised its position in Boot Barn by 1,430.0% in the fourth 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. GAMMA Investing LLC boosted its stake in shares of Boot Barn by 100.8% during the third quarter. GAMMA Investing LLC now owns 534 shares of the company's stock valued at $89,000 after purchasing an additional 268 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Boot Barn during the third quarter worth about $92,000. Finally, R Squared Ltd acquired a new position in shares of Boot Barn in the fourth quarter valued at approximately $102,000.

Boot Barn Stock Down 0.8 %

Boot Barn stock opened at $144.40 on Wednesday. The company has a market capitalization of $4.41 billion, a PE ratio of 25.78, a PEG ratio of 1.45 and a beta of 2.10. Boot Barn Holdings, Inc. has a 12-month low of $80.33 and a 12-month high of $176.64. The firm's fifty day moving average is $153.52 and its 200 day moving average is $147.14.

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 for the quarter, beating 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%. Sell-side analysts expect that Boot Barn Holdings, Inc. will post 5.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BOOT has been the topic of several recent research reports. Baird R W upgraded shares of Boot Barn from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 30th. Citigroup decreased their price objective on Boot Barn from $194.00 to $178.00 and set a "buy" rating for the company in a report on Tuesday, October 29th. KeyCorp raised Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 target price on the stock in a report on Thursday, January 23rd. Bank of America increased their price target on Boot Barn from $187.00 to $192.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Finally, Piper Sandler reaffirmed 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. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Boot Barn presently has an average rating of "Moderate Buy" and an average target price of $181.58.

Insider Activity

In other news, CEO John Hazen sold 6,311 shares of Boot Barn stock in a transaction dated 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 transaction, the chief executive officer now directly owns 3,937 shares in the company, valued at $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.00% of the company's stock.

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.

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