Principal Financial Group Inc. Sells 9,431 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Principal Financial Group Inc. cut its position in Boot Barn Holdings, Inc. (NYSE:BOOTFree Report) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,334 shares of the company’s stock after selling 9,431 shares during the quarter. Principal Financial Group Inc. owned about 0.53% of Boot Barn worth $13,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. lifted its holdings in shares of Boot Barn by 5.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,458 shares of the company’s stock worth $208,000 after acquiring an additional 135 shares during the last quarter. US Bancorp DE lifted its stake in Boot Barn by 3.7% during the first quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $425,000 after purchasing an additional 161 shares during the last quarter. State of Wyoming boosted its holdings in shares of Boot Barn by 57.3% in the 2nd quarter. State of Wyoming now owns 552 shares of the company’s stock worth $47,000 after purchasing an additional 201 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Boot Barn by 14.7% during the 2nd quarter. Captrust Financial Advisors now owns 1,767 shares of the company’s stock valued at $122,000 after purchasing an additional 226 shares during the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Boot Barn by 9.9% during the 1st quarter. Mackenzie Financial Corp now owns 2,611 shares of the company’s stock valued at $247,000 after buying an additional 235 shares in the last quarter.

Analyst Ratings Changes

BOOT has been the topic of a number of recent research reports. Piper Sandler reduced their price target on shares of Boot Barn from $120.00 to $99.00 and set an “overweight” rating on the stock in a research report on Friday, November 3rd. Citigroup decreased their target price on shares of Boot Barn from $116.00 to $96.00 and set a “buy” rating on the stock in a research report on Tuesday, October 24th. UBS Group upgraded shares of Boot Barn from a “neutral” rating to a “buy” rating and upped their price target for the company from $75.00 to $108.00 in a research report on Friday, January 5th. B. Riley started coverage on Boot Barn in a research note on Tuesday, November 21st. They issued a “buy” rating and a $92.00 target price for the company. Finally, StockNews.com cut Boot Barn from a “hold” rating to a “sell” rating in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Boot Barn presently has a consensus rating of “Moderate Buy” and an average target price of $104.78.

Get Our Latest Stock Analysis on Boot Barn

Boot Barn Price Performance

Shares of NYSE:BOOT opened at $71.74 on Thursday. The stock’s 50-day moving average is $74.46 and its 200 day moving average is $80.67. The company has a market cap of $2.17 billion, a PE ratio of 13.54, a P/E/G ratio of 5.60 and a beta of 2.25. Boot Barn Holdings, Inc. has a 1 year low of $64.33 and a 1 year high of $104.91.

Boot Barn (NYSE:BOOTGet Free Report) last posted its earnings results on Thursday, November 2nd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.03. Boot Barn had a return on equity of 20.28% and a net margin of 9.49%. The firm had revenue of $374.46 million for the quarter, compared to analysts’ expectations of $378.44 million. Analysts expect that Boot Barn Holdings, Inc. will post 4.97 EPS for the current fiscal year.

Insider Activity at Boot Barn

In other news, CFO James M. Watkins sold 15,099 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $75.19, for a total value of $1,135,293.81. Following the completion of the sale, the chief financial officer now directly owns 12,819 shares of the company’s stock, valued at approximately $963,860.61. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.20% of the stock is currently owned by company insiders.

Boot Barn Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Boot Barn (NYSE:BOOT)

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