Moody Aldrich Partners LLC Boosts Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Moody Aldrich Partners LLC lifted its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 129.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,411 shares of the company’s stock after purchasing an additional 27,880 shares during the quarter. Boot Barn accounts for approximately 1.4% of Moody Aldrich Partners LLC’s portfolio, making the stock its 13th largest position. Moody Aldrich Partners LLC owned about 0.16% of Boot Barn worth $7,502,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Artemis Investment Management LLP purchased a new stake in Boot Barn in the fourth quarter worth approximately $36,361,000. State Street Corp boosted its stake in Boot Barn by 4.4% in the third quarter. State Street Corp now owns 1,208,345 shares of the company’s stock worth $202,132,000 after buying an additional 51,356 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Boot Barn by 56.5% in the third quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company’s stock worth $23,638,000 after buying an additional 51,032 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Boot Barn in the third quarter worth approximately $5,931,000. Finally, Edgestream Partners L.P. boosted its stake in Boot Barn by 750.6% in the third quarter. Edgestream Partners L.P. now owns 30,938 shares of the company’s stock worth $5,175,000 after buying an additional 27,301 shares in the last quarter.

Insider Transactions at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of the stock in a transaction on Thursday, January 2nd. The stock was 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 of the company’s stock, valued at approximately $602,282.26. This represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on BOOT shares. Piper Sandler reiterated an “overweight” rating and issued a $179.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. Bank of America boosted their price objective on Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Robert W. Baird upgraded Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price objective for the company in a research report on Wednesday, October 30th. UBS Group upgraded Boot Barn from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $155.00 to $210.00 in a research report on Friday, January 10th. Finally, Craig Hallum downgraded Boot Barn from a “buy” rating to a “hold” rating and upped their target price for the company from $154.00 to $162.00 in a report on Friday, October 25th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Boot Barn has an average rating of “Buy” and a consensus target price of $173.00.

Boot Barn Trading Up 2.9 %

BOOT opened at $173.31 on Wednesday. The stock has a fifty day simple moving average of $151.35 and a two-hundred day simple moving average of $145.89. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 34.80, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. Boot Barn Holdings, Inc. has a 12-month low of $71.54 and a 12-month high of $173.97.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. The business had revenue of $425.80 million during the quarter, compared to the consensus estimate of $424.42 million. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 earnings per share. On average, analysts predict that Boot Barn Holdings, Inc. will post 5.8 EPS for the current year.

Boot Barn 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.