R Squared Ltd Makes New $102,000 Investment in Boot Barn Holdings, Inc. (NYSE:BOOT)

R Squared Ltd acquired a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 670 shares of the company’s stock, valued at approximately $102,000.

Other hedge funds also recently made changes to their positions in the company. GHP Investment Advisors Inc. bought a new stake in Boot Barn in the 3rd quarter valued at $25,000. Blue Trust Inc. increased its holdings in shares of Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock valued at $26,000 after purchasing an additional 143 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Boot Barn by 100.8% in the third quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock valued at $89,000 after purchasing an additional 268 shares during the period. USA Financial Formulas acquired a new stake in shares of Boot Barn during the 3rd quarter worth about $92,000. Finally, KBC Group NV boosted its holdings in shares of Boot Barn by 23.3% during the 3rd quarter. KBC Group NV now owns 951 shares of the company’s stock worth $159,000 after buying an additional 180 shares during the period.

Boot Barn Price Performance

Shares of NYSE:BOOT opened at $174.78 on Friday. Boot Barn Holdings, Inc. has a 1 year low of $71.54 and a 1 year high of $176.64. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 35.10, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. The company’s 50 day simple moving average is $152.95 and its 200 day simple moving average is $146.29.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results 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 15.89% and a net margin of 8.73%. As a group, analysts anticipate that Boot Barn Holdings, Inc. will post 5.8 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on BOOT. Baird R W raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Robert W. Baird raised Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price target for the company in a report on Wednesday, October 30th. Piper Sandler reaffirmed an “overweight” rating and issued a $179.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. Williams Trading reiterated a “buy” rating and set a $173.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. Finally, BTIG Research boosted their target price 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. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $173.00.

Insiders Place Their Bets

In other news, CEO John Hazen sold 6,311 shares of the 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 completion of the transaction, the chief executive officer now directly owns 3,937 shares in the company, valued at approximately $602,282.26. This represents a 61.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.