Zurcher Kantonalbank Zurich Cantonalbank Sells 1,345 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 22.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,774 shares of the company’s stock after selling 1,345 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Boot Barn were worth $366,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Allworth Financial LP raised its holdings in Boot Barn by 61,325.0% during the third quarter. Allworth Financial LP now owns 2,457 shares of the company’s stock worth $199,000 after acquiring an additional 2,453 shares in the last quarter. Pathstone Family Office LLC bought a new position in shares of Boot Barn in the third quarter valued at $204,000. SG Americas Securities LLC bought a new position in shares of Boot Barn in the fourth quarter valued at $199,000. Larson Financial Group LLC acquired a new position in Boot Barn during the third quarter worth $220,000. Finally, J.P. Morgan Private Wealth Advisors LLC raised its position in Boot Barn by 7.7% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 3,056 shares of the company’s stock worth $248,000 after acquiring an additional 219 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BOOT. KeyCorp assumed coverage on shares of Boot Barn in a research note on Wednesday, February 7th. They set a “sector weight” rating on the stock. TD Cowen upped their price objective on Boot Barn from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Robert W. Baird lifted their target price on Boot Barn from $70.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Williams Trading restated a “hold” rating on shares of Boot Barn in a research note on Tuesday, January 16th. Finally, StockNews.com cut shares of Boot Barn from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $109.11.

Insider Buying and Selling

In other Boot Barn news, Director Gene Eddie Burt sold 1,000 shares of Boot Barn stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $85.03, for a total value of $85,030.00. Following the completion of the transaction, the director now directly owns 1,542 shares of the company’s stock, valued at approximately $131,116.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Boot Barn news, Director Gene Eddie Burt sold 1,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $85.03, for a total transaction of $85,030.00. Following the sale, the director now directly owns 1,542 shares in the company, valued at $131,116.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James Grant Conroy sold 19,478 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $92.38, for a total transaction of $1,799,377.64. Following the completion of the transaction, the chief executive officer now owns 46,273 shares of the company’s stock, valued at $4,274,699.74. The disclosure for this sale can be found here. Insiders have sold 26,339 shares of company stock valued at $2,413,715 over the last 90 days. 2.20% of the stock is owned by corporate insiders.

Boot Barn Stock Performance

NYSE:BOOT opened at $105.30 on Friday. Boot Barn Holdings, Inc. has a 52 week low of $64.33 and a 52 week high of $110.89. The firm’s 50-day simple moving average is $95.49 and its 200 day simple moving average is $82.90. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 19.61 and a beta of 2.15.

Boot Barn (NYSE:BOOT) last announced its earnings results on Wednesday, January 31st. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.80 by $0.01. The company had revenue of $520.40 million for the quarter, compared to analysts’ expectations of $520.34 million. Boot Barn had a net margin of 9.62% and a return on equity of 19.52%. Sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 4.72 EPS for the current year.

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.