Xponance Inc. Boosts Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

Xponance Inc. lifted its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,172 shares of the company’s stock after purchasing an additional 233 shares during the period. Xponance Inc.’s holdings in Boot Barn were worth $330,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of BOOT. Signaturefd LLC lifted its holdings in Boot Barn by 201.8% during the fourth quarter. Signaturefd LLC now owns 166 shares of the company’s stock valued at $25,000 after purchasing an additional 111 shares in the last quarter. Blue Trust Inc. lifted its stake in Boot Barn by 1,430.0% in the 4th quarter. Blue Trust Inc. now owns 153 shares of the company’s stock valued at $26,000 after buying an additional 143 shares in the last quarter. Assetmark Inc. boosted its holdings in Boot Barn by 45.2% in the 4th quarter. Assetmark Inc. now owns 363 shares of the company’s stock worth $55,000 after buying an additional 113 shares during the last quarter. R Squared Ltd purchased a new stake in Boot Barn during the 4th quarter worth approximately $102,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Boot Barn by 212.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 749 shares of the company’s stock valued at $115,000 after acquiring an additional 509 shares during the last quarter.

Boot Barn Stock Up 0.7 %

BOOT stock opened at $107.33 on Friday. Boot Barn Holdings, Inc. has a 52-week low of $91.56 and a 52-week high of $176.64. The stock has a market cap 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. The business has a fifty day moving average of $131.03 and a two-hundred day moving average of $143.79.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. As a group, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Robert W. Baird lowered their price target on Boot Barn from $190.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 5th. StockNews.com lowered shares of Boot Barn from a “hold” rating to a “sell” rating in a report on Monday, February 17th. JPMorgan Chase & Co. increased their target price on shares of Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Craig Hallum set a $178.00 price target on shares of Boot Barn in a research report on Friday, January 31st. Finally, BTIG Research increased their price objective on shares of Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a report on Monday, January 13th. One investment 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $181.92.

Insider Transactions at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of the business’s 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 owns 3,937 shares in the company, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.