WCM Investment Management LLC Trims Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

WCM Investment Management LLC lessened its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 2.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 136,338 shares of the company's stock after selling 2,782 shares during the period. WCM Investment Management LLC owned 0.45% of Boot Barn worth $20,902,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BOOT. GHP Investment Advisors Inc. bought a new position in Boot Barn during the third quarter worth about $25,000. Blue Trust Inc. boosted its stake in shares of Boot Barn by 1,430.0% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the company's stock worth $26,000 after buying an additional 143 shares during the last quarter. GAMMA Investing LLC grew its stake in Boot Barn by 100.8% in 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. R Squared Ltd bought a new stake in Boot Barn during the fourth quarter worth $102,000. Finally, KBC Group NV grew its holdings in Boot Barn by 23.3% during the third quarter. KBC Group NV now owns 951 shares of the company's stock worth $159,000 after purchasing an additional 180 shares during the period.

Boot Barn Stock Performance

Shares of BOOT traded up $1.79 during trading hours on Wednesday, hitting $131.93. The company had a trading volume of 837,707 shares, compared to its average volume of 984,515. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 23.56, a P/E/G ratio of 1.25 and a beta of 2.10. The firm has a fifty day moving average price of $153.04 and a 200-day moving average price of $147.57. Boot Barn Holdings, Inc. has a 52-week low of $82.67 and a 52-week 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 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.

Insider Buying and Selling

In other Boot Barn 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 transaction of $965,456.78. Following the completion of the sale, the chief executive officer now directly owns 3,937 shares of the company's stock, valued at $602,282.26. This trade 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. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BOOT shares. 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 report on Wednesday, January 15th. StockNews.com upgraded Boot Barn from a "sell" rating to a "hold" rating in a research report on Monday, February 3rd. Craig Hallum downgraded Boot Barn from a "buy" rating to a "hold" rating and upped their price objective for the company from $154.00 to $162.00 in a research note on Friday, October 25th. Piper Sandler restated an "overweight" rating and set a $181.00 price target (up previously from $179.00) on shares of Boot Barn in a report on Friday, January 31st. Finally, BTIG Research upped their target price on Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Boot Barn currently has an average rating of "Moderate Buy" and an average price target of $181.58.

Boot Barn Company 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.