Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. raised its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 1,430.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 153 shares of the company’s stock after acquiring an additional 143 shares during the quarter. Blue Trust Inc.’s holdings in Boot Barn were worth $26,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Crossmark Global Holdings Inc. lifted its stake in shares of Boot Barn by 3.7% in the third quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company’s stock valued at $382,000 after purchasing an additional 82 shares during the period. Fisher Asset Management LLC lifted its position in shares of Boot Barn by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,192 shares of the company’s stock valued at $701,000 after acquiring an additional 83 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Boot Barn by 0.7% during the 4th quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the company’s stock worth $2,247,000 after acquiring an additional 100 shares in the last quarter. OLD National Bancorp IN grew its holdings in shares of Boot Barn by 6.2% in the 4th quarter. OLD National Bancorp IN now owns 2,230 shares of the company’s stock worth $339,000 after acquiring an additional 130 shares during the period. Finally, Tilia Fiduciary Partners Inc. increased its stake in Boot Barn by 1.7% in the 4th quarter. Tilia Fiduciary Partners Inc. now owns 9,798 shares of the company’s stock valued at $1,488,000 after purchasing an additional 167 shares in the last quarter.

Insider Transactions at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 3,937 shares in the company, valued at $602,282.26. This represents a 61.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.00% of the company’s stock.

Boot Barn Stock Performance

Shares of BOOT opened at $120.71 on Friday. Boot Barn Holdings, Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $176.64. The company has a market capitalization of $3.69 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 1.17 and a beta of 2.10. The stock has a fifty day moving average of $149.43 and a two-hundred day moving average of $147.85.

Boot Barn (NYSE:BOOT) last released its earnings results on Thursday, January 30th. The company reported $2.43 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%. As a group, equities research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on BOOT shares. JPMorgan Chase & Co. boosted their target price on Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. KeyCorp raised shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research note 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. BTIG Research increased their price target on shares of Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, UBS Group dropped their price objective on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Boot Barn currently has an average rating of “Moderate Buy” and an average price target of $184.83.

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.