AlphaQuest LLC purchased a new position in Boot Barn Holdings, Inc. (NYSE:BOOT – Free Report) 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.
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.
Get Our Latest Research Report on BOOT
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.
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