Rhumbline Advisers Lowers Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Rhumbline Advisers trimmed its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,030 shares of the company’s stock after selling 1,504 shares during the quarter. Rhumbline Advisers owned approximately 0.26% of Boot Barn worth $12,150,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. GHP Investment Advisors Inc. bought a new stake in shares of Boot Barn in the 3rd quarter valued at about $25,000. Blue Trust Inc. lifted its position in Boot Barn by 1,430.0% during the fourth 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 last quarter. R Squared Ltd acquired a new stake in Boot Barn in the fourth quarter valued at approximately $102,000. KBC Group NV increased its position in shares of Boot Barn by 23.3% during the third 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. Finally, Coldstream Capital Management Inc. acquired a new position in shares of Boot Barn during the third quarter worth $212,000.

Analyst Ratings Changes

A number of equities research analysts have commented on BOOT shares. Williams Trading reiterated a “buy” rating and issued a $173.00 price target on shares of Boot Barn in a research note on Tuesday, October 29th. Baird R W raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. UBS Group dropped their target price on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. KeyCorp raised shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price target for the company in a report on Thursday, January 23rd. Finally, Piper Sandler reissued an “overweight” rating and set a $181.00 price objective (up from $179.00) on shares of Boot Barn in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $184.83.

Boot Barn Stock Performance

Shares of BOOT opened at $128.11 on Monday. The company has a market capitalization of $3.92 billion, a P/E ratio of 22.88, a P/E/G ratio of 1.17 and a beta of 2.10. The business’s 50-day moving average is $151.12 and its two-hundred day moving average is $148.25. Boot Barn Holdings, Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $176.64.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, beating 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%. Analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Insider Activity

In other news, CEO John Hazen sold 6,311 shares of the firm’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 sale, the chief executive officer now directly owns 3,937 shares in the company, valued at $602,282.26. This trade represents a 61.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

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.