Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 1.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 358,579 shares of the company’s stock after buying an additional 5,881 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Boot Barn were worth $54,439,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in shares of Boot Barn by 212.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 749 shares of the company’s stock valued at $115,000 after buying an additional 509 shares during the last quarter. US Bancorp DE lifted its position in shares of Boot Barn by 5.7% in the 4th quarter. US Bancorp DE now owns 6,821 shares of the company’s stock valued at $1,036,000 after acquiring an additional 368 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Boot Barn in the 4th quarter valued at approximately $45,177,000. Illinois Municipal Retirement Fund increased its stake in Boot Barn by 6.9% in the 4th quarter. Illinois Municipal Retirement Fund now owns 15,261 shares of the company’s stock valued at $2,317,000 after buying an additional 983 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in Boot Barn by 13.9% in the 4th quarter. First Horizon Advisors Inc. now owns 1,095 shares of the company’s stock valued at $166,000 after buying an additional 134 shares during the period.

Boot Barn Trading Down 1.4 %

Shares of NYSE BOOT opened at $100.92 on Friday. 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 $3.09 billion, a PE ratio of 18.02, a P/E/G ratio of 1.17 and a beta of 2.07. The company has a 50-day moving average of $142.09 and a two-hundred day moving average of $146.22.

Boot Barn (NYSE:BOOT) last announced its 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 net margin of 9.36% and a return on equity of 17.11%. As a group, equities research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Analysts Set New Price Targets

BOOT has been the topic of several analyst reports. UBS Group dropped their price target on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Craig Hallum set a $178.00 price target on shares of Boot Barn in a report on Friday, January 31st. BTIG Research lifted their target price 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. KeyCorp upgraded shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research report on Thursday, January 23rd. Finally, Piper Sandler reiterated an “overweight” rating and set a $181.00 target price (up from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.92.

Insiders Place Their Bets

In related news, CEO John Hazen sold 6,311 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 of the company’s stock, valued at $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. 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 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.