Allspring Global Investments Holdings LLC Trims Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Allspring Global Investments Holdings LLC lowered its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 1.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 556,529 shares of the company’s stock after selling 5,553 shares during the period. Allspring Global Investments Holdings LLC owned 1.84% of Boot Barn worth $52,954,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BOOT. Broad Bay Capital Management LP grew its holdings in shares of Boot Barn by 25.0% during the fourth quarter. Broad Bay Capital Management LP now owns 400,000 shares of the company’s stock worth $30,704,000 after buying an additional 80,000 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Boot Barn in the fourth quarter valued at approximately $1,167,000. Eagle Asset Management Inc. increased its holdings in shares of Boot Barn by 17.6% in the fourth quarter. Eagle Asset Management Inc. now owns 337,335 shares of the company’s stock valued at $25,894,000 after purchasing an additional 50,577 shares during the period. Prevail Innovative Wealth Advisors LLC raised its stake in shares of Boot Barn by 60.0% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 28,522 shares of the company’s stock worth $2,189,000 after purchasing an additional 10,699 shares during the last quarter. Finally, Aigen Investment Management LP lifted its holdings in shares of Boot Barn by 96.4% during the fourth quarter. Aigen Investment Management LP now owns 23,629 shares of the company’s stock worth $1,814,000 after purchasing an additional 11,596 shares during the period.

Boot Barn Stock Performance

Shares of BOOT stock opened at $131.28 on Wednesday. The stock has a fifty day moving average price of $117.94 and a 200 day moving average price of $96.83. The stock has a market cap of $3.99 billion, a PE ratio of 27.35 and a beta of 2.09. Boot Barn Holdings, Inc. has a 1 year low of $66.73 and a 1 year high of $134.61.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Tuesday, May 14th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.12. The business had revenue of $388.46 million during the quarter, compared to the consensus estimate of $383.67 million. Boot Barn had a return on equity of 16.84% and a net margin of 8.82%. As a group, equities research analysts predict that Boot Barn Holdings, Inc. will post 4.82 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on BOOT shares. Robert W. Baird boosted their price objective on shares of Boot Barn from $100.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, June 7th. Benchmark increased their price target on shares of Boot Barn from $110.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, June 10th. BTIG Research lifted their price objective on Boot Barn from $125.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. Craig Hallum boosted their target price on Boot Barn from $120.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Finally, Piper Sandler raised their price target on Boot Barn from $94.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $123.36.

Insider Buying and Selling at Boot Barn

In other news, Director Brenda I. Morris sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $110.11, for a total transaction of $165,165.00. Following the completion of the transaction, the director now directly owns 4,546 shares of the company’s stock, valued at approximately $500,560.06. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider John Hazen sold 3,563 shares of Boot Barn stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $113.21, for a total transaction of $403,367.23. Following the completion of the sale, the insider now directly owns 1,309 shares in the company, valued at $148,191.89. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brenda I. Morris sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were 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 in the company, valued at approximately $500,560.06. The disclosure for this sale can be found here. Insiders have sold 11,795 shares of company stock valued at $1,329,686 over the last quarter. Corporate insiders own 2.20% of the company’s stock.

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.