Sei Investments Co. Has $7.22 Million Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Sei Investments Co. lessened its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 35.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 47,561 shares of the company’s stock after selling 25,591 shares during the quarter. Sei Investments Co.’s holdings in Boot Barn were worth $7,221,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BOOT. Geode Capital Management LLC boosted its stake 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 purchasing an additional 6,369 shares during the period. Dale Q Rice Investment Management Ltd acquired a new position in shares of Boot Barn during the fourth quarter worth about $1,544,000. Stephens Investment Management Group LLC bought a new position in shares of Boot Barn during the fourth quarter worth about $46,699,000. Alberta Investment Management Corp acquired a new stake in Boot Barn in the 4th quarter valued at approximately $2,842,000. Finally, JPMorgan Chase & Co. lifted its stake in Boot Barn by 56.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company’s stock valued at $23,638,000 after acquiring an additional 51,032 shares in the last quarter.

Insider Transactions at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of the firm’s 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 transaction, the chief executive officer now owns 3,937 shares in the company, valued at approximately $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Boot Barn Trading Up 3.2 %

NYSE:BOOT opened at $107.51 on Tuesday. The stock has a 50 day simple moving average of $128.85 and a 200 day simple moving average of $143.14. The stock has a market cap of $3.29 billion, a P/E ratio of 19.20, a PEG ratio of 1.17 and a beta of 2.07. Boot Barn Holdings, Inc. has a 1-year low of $95.28 and a 1-year high of $176.64.

Boot Barn (NYSE:BOOT) last announced its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. As a group, sell-side analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on BOOT shares. Robert W. Baird lowered their price objective on shares of Boot Barn from $190.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, March 5th. KeyCorp upgraded shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research note on Thursday, January 23rd. StockNews.com downgraded shares of Boot Barn from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Bank of America raised their target price on shares of Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $181.00 target price (up from $179.00) on shares of Boot Barn in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $181.92.

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.