PNC Financial Services Group Inc. Has $802,000 Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

PNC Financial Services Group Inc. reduced its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,283 shares of the company’s stock after selling 233 shares during the period. PNC Financial Services Group Inc.’s holdings in Boot Barn were worth $802,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Crossmark Global Holdings Inc. raised its stake in Boot Barn by 3.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company’s stock worth $382,000 after buying an additional 82 shares during the period. Victory Capital Management Inc. raised its position in shares of Boot Barn by 51.1% during the third quarter. Victory Capital Management Inc. now owns 14,362 shares of the company’s stock worth $2,402,000 after purchasing an additional 4,856 shares during the period. KBC Group NV lifted 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 purchasing an additional 180 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Boot Barn by 0.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company’s stock valued at $82,895,000 after purchasing an additional 1,834 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Boot Barn during the 3rd quarter valued at $5,931,000.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BOOT shares. Bank of America raised their price objective 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. Piper Sandler reiterated an “overweight” rating and set a $181.00 price target (up previously from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. Robert W. Baird lowered their price objective on Boot Barn from $190.00 to $155.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. UBS Group cut their target price on Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Finally, StockNews.com downgraded Boot Barn from a “hold” rating to a “sell” rating in a report on Monday, February 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $181.92.

Boot Barn Price Performance

Boot Barn stock opened at $103.89 on Tuesday. The firm has a market capitalization of $3.18 billion, a P/E ratio of 18.55, a PEG ratio of 1.17 and a beta of 2.07. Boot Barn Holdings, Inc. has a one year low of $82.67 and a one year high of $176.64. The business has a fifty day moving average price of $138.84 and a 200-day moving average price of $145.49.

Boot Barn (NYSE:BOOT) last issued its earnings results on Thursday, January 30th. The company reported $2.43 EPS for the quarter, topping 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 expect that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO John Hazen sold 6,311 shares of the business’s stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

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.