Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 1.8% during the 4th quarter, HoldingsChannel reports. The firm owned 80,030 shares of the company’s stock after selling 1,504 shares during the quarter. Rhumbline Advisers’ holdings in Boot Barn were worth $12,150,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in BOOT. Geode Capital Management LLC increased its position in Boot Barn by 1.0% during the third 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 last quarter. Dale Q Rice Investment Management Ltd acquired a new stake in shares of Boot Barn during the 4th quarter worth approximately $1,544,000. Algert Global LLC raised its position in shares of Boot Barn by 653.9% during the 3rd quarter. Algert Global LLC now owns 23,001 shares of the company’s stock valued at $3,848,000 after buying an additional 19,950 shares during the period. Blueshift Asset Management LLC acquired a new position in Boot Barn in the third quarter valued at approximately $3,343,000. Finally, Stephens Investment Management Group LLC purchased a new position in Boot Barn in the fourth quarter worth approximately $46,699,000.

Analysts Set New Price Targets

A number of research firms have commented on BOOT. Piper Sandler restated an “overweight” rating and issued a $181.00 target price (up previously from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. Citigroup reduced their price objective on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. StockNews.com lowered shares of Boot Barn from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. JPMorgan Chase & Co. boosted their price target on shares of Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, UBS Group decreased their price objective on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $184.83.

Insider Activity

In other Boot Barn 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 sale, the chief executive officer now directly owns 3,937 shares in the company, valued at $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

Boot Barn Stock Down 3.1 %

Boot Barn stock opened at $128.11 on Monday. Boot Barn Holdings, Inc. has a 52-week low of $82.67 and a 52-week high of $176.64. The firm has a market cap of $3.92 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 1.17 and a beta of 2.10. The company’s 50 day moving average is $151.12 and its two-hundred day moving average is $148.25.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data 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 17.11% and a net margin of 9.36%. On average, equities research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

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.