AlphaQuest LLC Buys New Shares in Boot Barn Holdings, Inc. (NYSE:BOOT)

AlphaQuest LLC purchased a new position in Boot Barn Holdings, Inc. (NYSE:BOOT) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,068 shares of the company’s stock, valued at approximately $162,000.

A number of other large investors have also added to or reduced their stakes in the company. State Street Corp grew its holdings in Boot Barn by 4.4% in the 3rd quarter. State Street Corp now owns 1,208,345 shares of the company’s stock worth $202,132,000 after acquiring an additional 51,356 shares during the last quarter. Geode Capital Management LLC grew its holdings in Boot Barn by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock worth $113,150,000 after acquiring an additional 6,369 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in Boot Barn by 0.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company’s stock worth $82,895,000 after acquiring an additional 1,834 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Boot Barn by 1.0% in the 3rd quarter. Franklin Resources Inc. now owns 420,688 shares of the company’s stock worth $68,004,000 after purchasing an additional 4,226 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Boot Barn by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 358,579 shares of the company’s stock worth $54,439,000 after purchasing an additional 5,881 shares during the period.

Boot Barn Stock Performance

Shares of NYSE BOOT opened at $103.89 on Tuesday. The firm’s 50 day moving average price is $138.84 and its 200-day moving average price is $145.49. The company has a market cap of $3.18 billion, a PE ratio of 18.55, a P/E/G ratio of 1.17 and a beta of 2.07. Boot Barn Holdings, Inc. has a 52-week low of $82.67 and a 52-week high of $176.64.

Boot Barn (NYSE:BOOT) last issued its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. On average, analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Insider Transactions at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total transaction of $965,456.78. Following the completion of the transaction, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on BOOT. KeyCorp raised shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research report on Thursday, January 23rd. Craig Hallum set a $178.00 target price on shares of Boot Barn in a research report on Friday, January 31st. Bank of America raised their target price on shares of Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. BTIG Research raised their target price on shares of Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, Robert W. Baird dropped their target price on shares of Boot Barn from $190.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $181.92.

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.