Emerald Advisers LLC Invests $19.99 Million in Boot Barn Holdings, Inc. (NYSE:BOOT)

Emerald Advisers LLC bought a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 131,637 shares of the company’s stock, valued at approximately $19,985,000. Emerald Advisers LLC owned 0.43% of Boot Barn as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Boot Barn by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 3,409,865 shares of the company’s stock valued at $517,686,000 after purchasing an additional 73,089 shares during the period. State Street Corp boosted its position in shares of Boot Barn by 4.4% in the 3rd quarter. State Street Corp now owns 1,208,345 shares of the company’s stock valued at $202,132,000 after purchasing an additional 51,356 shares during the period. Geode Capital Management LLC lifted its position in Boot Barn by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock worth $113,150,000 after acquiring an additional 6,369 shares during the period. American Century Companies Inc. lifted its position in Boot Barn by 22.8% during the 4th quarter. American Century Companies Inc. now owns 493,977 shares of the company’s stock worth $74,996,000 after acquiring an additional 91,705 shares during the period. Finally, Franklin Resources Inc. lifted its position in Boot Barn by 1.0% during the 3rd quarter. Franklin Resources Inc. now owns 420,688 shares of the company’s stock worth $68,004,000 after acquiring an additional 4,226 shares during the period.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. JPMorgan Chase & Co. increased their price objective on Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. KeyCorp raised Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research report on Thursday, January 23rd. Piper Sandler reaffirmed an “overweight” rating and set a $181.00 price objective (up from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. StockNews.com cut Boot Barn from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. Finally, Craig Hallum set a $178.00 target price on Boot Barn in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $181.92.

Boot Barn Price Performance

NYSE BOOT opened at $104.64 on Friday. Boot Barn Holdings, Inc. has a 1-year low of $84.83 and a 1-year high of $176.64. The company has a market capitalization of $3.20 billion, a P/E ratio of 18.68, a PEG ratio of 1.17 and a beta of 2.07. The business has a 50 day moving average price of $134.51 and a 200 day moving average price of $144.58.

Boot Barn (NYSE:BOOT) last released 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 return on equity of 17.11% and a net margin of 9.36%. On average, research analysts expect that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Insider Buying and Selling at Boot Barn

In other Boot Barn 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 transaction of $965,456.78. Following the sale, the chief executive officer now owns 3,937 shares in the company, valued at approximately $602,282.26. This represents a 61.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by insiders.

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.