NBC Securities Inc. Has $887,000 Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

NBC Securities Inc. grew its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 11.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,324 shares of the company’s stock after purchasing an additional 939 shares during the period. NBC Securities Inc.’s holdings in Boot Barn were worth $887,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Headlands Technologies LLC lifted its holdings in Boot Barn by 1,037.7% during the 4th quarter. Headlands Technologies LLC now owns 785 shares of the company’s stock valued at $60,000 after purchasing an additional 716 shares during the last quarter. Principal Securities Inc. acquired a new position in Boot Barn in the fourth quarter worth $102,000. Quest Partners LLC acquired a new position in shares of Boot Barn during the fourth quarter worth approximately $112,000. Neo Ivy Capital Management acquired a new stake in shares of Boot Barn in the fourth quarter valued at approximately $165,000. Finally, Pathstone Family Office LLC bought a new position in Boot Barn in the 3rd quarter worth approximately $204,000.

Insider Buying and Selling

In other Boot Barn news, insider Michael A. Love sold 1,079 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $110.21, for a total transaction of $118,916.59. Following the completion of the transaction, the insider now owns 2,112 shares in the company, valued at approximately $232,763.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Boot Barn news, insider Michael A. Love sold 1,079 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $110.21, for a total value of $118,916.59. Following the sale, the insider now owns 2,112 shares in the company, valued at approximately $232,763.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brenda I. Morris sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $110.11, for a total transaction of $165,165.00. Following the transaction, the director now directly owns 4,546 shares of the company’s stock, valued at $500,560.06. The disclosure for this sale can be found here. Insiders have sold a total of 11,795 shares of company stock worth $1,329,686 over the last ninety days. Company insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Craig Hallum upped their price objective on Boot Barn from $120.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Benchmark upped their price target on Boot Barn from $110.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, June 10th. JPMorgan Chase & Co. lifted their price objective on Boot Barn from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 21st. TD Cowen upped their target price on shares of Boot Barn from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Finally, Piper Sandler raised their target price on shares of Boot Barn from $94.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $123.36.

Boot Barn Price Performance

NYSE BOOT opened at $133.81 on Thursday. The stock’s 50-day moving average is $112.88 and its 200-day moving average is $93.35. Boot Barn Holdings, Inc. has a one year low of $66.73 and a one year high of $134.00. The firm has a market cap of $4.07 billion, a P/E ratio of 27.88 and a beta of 2.16.

Boot Barn (NYSE:BOOT) last announced its earnings results on Tuesday, May 14th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.89 by $0.12. The firm had revenue of $388.46 million for the quarter, compared to the consensus estimate of $383.67 million. Boot Barn had a net margin of 8.82% and a return on equity of 16.84%. Equities analysts anticipate that Boot Barn Holdings, Inc. will post 4.82 EPS for the current 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.