Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,800 shares of the company’s stock after selling 500 shares during the period. Handelsbanken Fonder AB’s holdings in Boot Barn were worth $1,336,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BOOT. Blue Trust Inc. grew its position in Boot Barn by 1,430.0% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock worth $26,000 after buying an additional 143 shares during the period. R Squared Ltd acquired a new stake in shares of Boot Barn in the 4th quarter worth approximately $102,000. KBC Group NV grew its holdings in shares of Boot Barn by 23.3% in the 3rd quarter. KBC Group NV now owns 951 shares of the company’s stock worth $159,000 after acquiring an additional 180 shares during the period. Venturi Wealth Management LLC purchased a new position in Boot Barn in the 4th quarter valued at approximately $192,000. Finally, Coldstream Capital Management Inc. acquired a new position in Boot Barn during the third quarter worth $212,000.

Insider Activity

In other Boot Barn news, CEO John Hazen sold 6,311 shares of Boot Barn stock in a transaction that occurred 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 directly owns 3,937 shares in the company, valued at $602,282.26. The trade was a 61.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Boot Barn Stock Performance

Boot Barn stock opened at $129.82 on Thursday. Boot Barn Holdings, Inc. has a 1 year low of $82.67 and a 1 year high of $176.64. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 1.17 and a beta of 2.10. The firm has a 50 day moving average price of $149.94 and a 200 day moving average price of $148.04.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results 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%. Sell-side analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Wall Street Analysts Forecast Growth

BOOT has been the topic of several research reports. Craig Hallum set a $178.00 target price on Boot Barn in a report on Friday, January 31st. Piper Sandler restated an “overweight” rating and set a $181.00 target price (up previously from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. 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 report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price objective on Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, BTIG Research upped their target price on Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.83.

About Boot Barn

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.