Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Kings Path Partners LLC

Kings Path Partners LLC lessened its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 30.4% during the 4th quarter, HoldingsChannel reports. The firm owned 3,780 shares of the company’s stock after selling 1,650 shares during the period. Kings Path Partners LLC’s holdings in Boot Barn were worth $574,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BOOT. Marshall Wace LLP purchased a new position in shares of Boot Barn in the second quarter worth about $19,532,000. State Street Corp lifted its stake in Boot Barn by 4.4% in the 3rd quarter. State Street Corp now owns 1,208,345 shares of the company’s stock worth $202,132,000 after purchasing an additional 51,356 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Boot Barn by 56.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company’s stock worth $23,638,000 after purchasing an additional 51,032 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Boot Barn in the third quarter valued at approximately $5,931,000. Finally, Sei Investments Co. lifted its position in Boot Barn by 39.3% during the second quarter. Sei Investments Co. now owns 102,933 shares of the company’s stock worth $13,271,000 after buying an additional 29,049 shares in the last quarter.

Insider Buying and Selling at Boot Barn

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 of the company’s stock, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.

Boot Barn Stock Up 2.3 %

NYSE BOOT traded up $3.57 during trading on Monday, hitting $162.07. The stock had a trading volume of 371,212 shares, compared to its average volume of 493,173. The company has a market capitalization of $4.95 billion, a PE ratio of 32.54 and a beta of 2.10. The firm has a 50 day moving average price of $142.01 and a 200 day moving average price of $142.00. Boot Barn Holdings, Inc. has a twelve month low of $69.35 and a twelve month high of $169.83.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.93 by $0.02. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The company had revenue of $425.80 million during the quarter, compared to analysts’ expectations of $424.42 million. During the same quarter last year, the company posted $0.91 EPS. The firm’s revenue was up 13.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BOOT. JPMorgan Chase & Co. upped their target price on Boot Barn from $160.00 to $181.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Williams Trading reissued a “buy” rating and issued a $173.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. UBS Group lifted their target price on shares of Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Baird R W raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Finally, Robert W. Baird raised Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price target on the stock in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Boot Barn presently has an average rating of “Moderate Buy” and an average price target of $164.55.

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.