KBC Group NV Increases Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

KBC Group NV raised its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 28.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,222 shares of the company’s stock after purchasing an additional 271 shares during the quarter. KBC Group NV’s holdings in Boot Barn were worth $186,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BOOT. GHP Investment Advisors Inc. purchased a new stake in shares of Boot Barn during the 3rd quarter valued at approximately $25,000. Blue Trust Inc. raised its holdings in Boot Barn by 1,430.0% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the company’s stock valued at $26,000 after acquiring an additional 143 shares during the period. GAMMA Investing LLC lifted its position in shares of Boot Barn by 100.8% during the third quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock worth $89,000 after acquiring an additional 268 shares in the last quarter. USA Financial Formulas bought a new position in shares of Boot Barn in the third quarter worth $92,000. Finally, Coldstream Capital Management Inc. purchased a new position in shares of Boot Barn in the third quarter valued at $212,000.

Boot Barn Stock Down 0.1 %

NYSE BOOT opened at $144.02 on Thursday. The stock’s 50-day simple moving average is $153.68 and its two-hundred day simple moving average is $147.12. Boot Barn Holdings, Inc. has a twelve month low of $80.82 and a twelve month high of $176.64. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 1.45 and a beta of 2.10.

Boot Barn (NYSE:BOOT) last released 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 return on equity of 17.11% and a net margin of 9.36%. On average, equities analysts expect that Boot Barn Holdings, Inc. will post 5.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BOOT has been the topic of a number of recent research reports. KeyCorp raised Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a report on Thursday, January 23rd. Robert W. Baird raised shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price target on the stock in a report on Wednesday, October 30th. Piper Sandler reaffirmed an “overweight” rating and set a $181.00 price objective (up previously from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. Benchmark reiterated a “buy” rating and issued a $192.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. Finally, Williams Trading restated a “buy” rating and set a $173.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $181.58.

Insider Transactions at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of the 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 sale, the chief executive officer now directly owns 3,937 shares in the company, valued at $602,282.26. This represents a 61.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company 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.