Cibc World Markets Corp Takes Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Cibc World Markets Corp bought a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,769 shares of the company’s stock, valued at approximately $420,000.

Several other institutional investors and hedge funds have also made changes to their positions in BOOT. Stephens Investment Management Group LLC purchased a new stake in shares of Boot Barn in the 4th quarter valued at about $46,699,000. Proficio Capital Partners LLC purchased a new stake in Boot Barn during the 4th quarter valued at approximately $45,177,000. Raymond James Financial Inc. purchased a new stake in Boot Barn during the 4th quarter valued at approximately $42,440,000. Artemis Investment Management LLP purchased a new stake in Boot Barn during the 4th quarter valued at approximately $36,361,000. Finally, TimesSquare Capital Management LLC raised its stake in Boot Barn by 134.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 289,641 shares of the company’s stock valued at $43,973,000 after acquiring an additional 166,121 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have commented on the company. StockNews.com downgraded Boot Barn from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Bank of America upped their price objective on Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. KeyCorp raised Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research note on Thursday, January 23rd. BTIG Research upped their price objective on Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, Robert W. Baird dropped their target price on Boot Barn from $190.00 to $155.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.92.

Boot Barn Price Performance

BOOT opened at $104.64 on Monday. The stock has a market cap of $3.20 billion, a P/E ratio of 18.68, a P/E/G ratio of 1.17 and a beta of 2.07. The stock’s 50 day simple moving average is $134.51 and its 200 day simple moving average is $144.65. Boot Barn Holdings, Inc. has a 1-year low of $84.83 and a 1-year high of $176.64.

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

Insider Buying and Selling at Boot Barn

In other Boot Barn 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 transaction of $965,456.78. Following the sale, the chief executive officer now 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by insiders.

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.