Loomis Sayles & Co. L P Sells 152,028 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Loomis Sayles & Co. L P decreased its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 32.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 314,197 shares of the company’s stock after selling 152,028 shares during the quarter. Loomis Sayles & Co. L P owned approximately 1.03% of Boot Barn worth $47,701,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Fisher Asset Management LLC raised its stake in shares of Boot Barn by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,192 shares of the company’s stock worth $701,000 after purchasing an additional 83 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in Boot Barn by 0.7% during the fourth quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the company’s stock worth $2,247,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System raised its position in Boot Barn by 1.1% during the fourth quarter. Arizona State Retirement System now owns 8,853 shares of the company’s stock worth $1,344,000 after acquiring an additional 100 shares in the last quarter. Signaturefd LLC raised its position in Boot Barn by 201.8% during the fourth quarter. Signaturefd LLC now owns 166 shares of the company’s stock worth $25,000 after acquiring an additional 111 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in Boot Barn by 45.2% in the fourth quarter. Assetmark Inc. now owns 363 shares of the company’s stock valued at $55,000 after acquiring an additional 113 shares during the last quarter.

Boot Barn Stock Up 0.7 %

Shares of Boot Barn stock opened at $107.33 on Friday. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 1.17 and a beta of 2.07. Boot Barn Holdings, Inc. has a twelve month low of $91.56 and a twelve month high of $176.64. The company has a 50-day simple moving average of $131.03 and a two-hundred day simple moving average of $143.79.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results 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%. On average, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BOOT shares. Robert W. Baird dropped their target price on shares of Boot Barn from $190.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, March 5th. StockNews.com lowered Boot Barn from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Bank of America lifted their target price on Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. KeyCorp upgraded Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research note on Thursday, January 23rd. Finally, UBS Group reduced their price objective on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, one has assigned 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 presently has a consensus rating of “Moderate Buy” and an average price target of $181.92.

Insider Activity

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total value of $965,456.78. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

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.