Shaker Investments LLC OH Grows Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Shaker Investments LLC OH grew its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 139.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,511 shares of the company’s stock after purchasing an additional 10,786 shares during the quarter. Boot Barn makes up about 1.2% of Shaker Investments LLC OH’s portfolio, making the stock its 29th biggest holding. Shaker Investments LLC OH owned 0.06% of Boot Barn worth $2,810,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. acquired a new stake in shares of Boot Barn during the 3rd quarter valued at about $25,000. Blue Trust Inc. grew its holdings 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 period. GAMMA Investing LLC grew its holdings 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 during the period. R Squared Ltd purchased a new stake in Boot Barn in the 4th quarter worth $102,000. Finally, KBC Group NV raised its position 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 acquiring an additional 180 shares during the period.

Analyst Ratings Changes

BOOT has been the topic of several research analyst reports. UBS Group dropped their target price on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. StockNews.com raised Boot Barn from a “sell” rating to a “hold” rating in a research note on Monday, February 3rd. Craig Hallum downgraded Boot Barn from a “buy” rating to a “hold” rating and increased their price objective for the company from $154.00 to $162.00 in a research note on Friday, October 25th. Citigroup dropped their target price on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. Finally, Bank of America raised their price target on shares of Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Boot Barn has an average rating of “Moderate Buy” and an average price target of $181.58.

Insider Activity at Boot Barn

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total transaction of $965,456.78. Following the transaction, the chief executive officer now owns 3,937 shares in the company, valued at $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Boot Barn Stock Down 1.4 %

Shares of NYSE:BOOT opened at $138.03 on Tuesday. The company has a market cap of $4.22 billion, a P/E ratio of 24.65, a P/E/G ratio of 1.25 and a beta of 2.10. The business has a fifty day simple moving average of $153.66 and a 200-day simple moving average of $147.68. Boot Barn Holdings, Inc. has a 52 week low of $82.67 and a 52 week high of $176.64.

Boot Barn (NYSE:BOOT) last issued its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. Sell-side analysts expect that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

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.