Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,744,105 shares of the company’s stock after purchasing an additional 35,925 shares during the period. Vanguard Group Inc. owned 9.06% of Boot Barn worth $210,638,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Natixis Advisors L.P. boosted its holdings in shares of Boot Barn by 0.5% in the 4th quarter. Natixis Advisors L.P. now owns 32,608 shares of the company’s stock valued at $2,502,000 after buying an additional 149 shares in the last quarter. NBC Securities Inc. boosted its stake in Boot Barn by 2.8% in the fourth quarter. NBC Securities Inc. now owns 8,385 shares of the company’s stock valued at $643,000 after acquiring an additional 228 shares in the last quarter. Tilia Fiduciary Partners Inc. grew its holdings in shares of Boot Barn by 4.1% during the fourth quarter. Tilia Fiduciary Partners Inc. now owns 10,030 shares of the company’s stock worth $770,000 after purchasing an additional 399 shares during the last quarter. Stifel Financial Corp increased its position in shares of Boot Barn by 1.4% during the third quarter. Stifel Financial Corp now owns 29,189 shares of the company’s stock worth $2,370,000 after purchasing an additional 405 shares in the last quarter. Finally, Howe & Rusling Inc. increased its position in shares of Boot Barn by 13.3% during the fourth quarter. Howe & Rusling Inc. now owns 3,644 shares of the company’s stock worth $280,000 after purchasing an additional 428 shares in the last quarter.

Boot Barn Stock Performance

NYSE:BOOT opened at $131.28 on Wednesday. The stock has a market capitalization of $3.99 billion, a price-to-earnings 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. The stock has a fifty day moving average price of $117.94 and a two-hundred day moving average price of $96.83.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 8.82% and a return on equity of 16.84%. On average, analysts predict that Boot Barn Holdings, Inc. will post 4.82 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Boot Barn from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 21st. Craig Hallum lifted their target price on shares of Boot Barn from $120.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. 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 research note on Monday, June 10th. Robert W. Baird lifted 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. Finally, Piper Sandler increased their target price on shares of Boot Barn from $94.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $123.36.

Insider Transactions at Boot Barn

In related news, 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 value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Boot Barn news, Director Brenda I. Morris sold 1,500 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $500,560.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Hazen sold 3,563 shares of the company’s 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 approximately $148,191.89. The disclosure for this sale can be found here. Insiders have sold 11,795 shares of company stock valued at $1,329,686 in the last quarter. 2.20% of the stock is currently owned by corporate 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.