Sit Investment Associates Inc. Has $1.83 Million Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

Sit Investment Associates Inc. lessened its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 21.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,055 shares of the company’s stock after selling 3,205 shares during the quarter. Sit Investment Associates Inc.’s holdings in Boot Barn were worth $1,830,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Dynamic Technology Lab Private Ltd increased its position in Boot Barn by 30.7% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 12,349 shares of the company’s stock worth $1,875,000 after acquiring an additional 2,903 shares during the period. Wells Fargo & Company MN lifted its stake in Boot Barn by 16.9% during the fourth quarter. Wells Fargo & Company MN now owns 45,934 shares of the company’s stock worth $6,974,000 after purchasing an additional 6,646 shares during the period. Thoroughbred Financial Services LLC lifted its position in shares of Boot Barn by 8.4% during the 4th quarter. Thoroughbred Financial Services LLC now owns 1,679 shares of the company’s stock worth $254,000 after buying an additional 130 shares during the period. Cinctive Capital Management LP bought a new position in shares of Boot Barn during the fourth quarter valued at $4,841,000. Finally, Bryce Point Capital LLC acquired a new position in Boot Barn in the fourth quarter valued at about $938,000.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BOOT. Bank of America increased their target price on Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Robert W. Baird reduced their price objective on shares of Boot Barn from $190.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 5th. UBS Group decreased their target price on Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. BTIG Research upped their price objective on shares of Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, January 13th. 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $181.92.

Boot Barn Trading Up 0.1 %

NYSE:BOOT opened at $97.83 on Monday. The stock has a market capitalization of $2.99 billion, a PE ratio of 17.47, a P/E/G ratio of 1.17 and a beta of 1.75. The firm has a fifty day simple moving average of $124.04 and a 200 day simple moving average of $141.70. Boot Barn Holdings, Inc. has a 1-year low of $89.84 and a 1-year high of $176.64.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) 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, equities analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Boot Barn Company 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.