Assetmark Inc. Increases Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Assetmark Inc. grew its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 45.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 363 shares of the company’s stock after buying an additional 113 shares during the quarter. Assetmark Inc.’s holdings in Boot Barn were worth $55,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in BOOT. Blue Trust Inc. increased its position in shares of Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock valued at $26,000 after buying an additional 143 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Boot Barn during the fourth quarter valued at $102,000. Smartleaf Asset Management LLC boosted its stake in shares of Boot Barn by 212.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 749 shares of the company’s stock valued at $115,000 after acquiring an additional 509 shares during the last quarter. KBC Group NV boosted its stake in shares of Boot Barn by 23.3% during the third quarter. KBC Group NV now owns 951 shares of the company’s stock valued at $159,000 after acquiring an additional 180 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in shares of Boot Barn by 13.9% during the fourth quarter. First Horizon Advisors Inc. now owns 1,095 shares of the company’s stock valued at $166,000 after acquiring an additional 134 shares during the last quarter.

Boot Barn Stock Performance

Shares of NYSE:BOOT opened at $101.55 on Friday. Boot Barn Holdings, Inc. has a one year low of $82.67 and a one year high of $176.64. The business’s 50-day simple moving average is $139.92 and its 200 day simple moving average is $145.66. The company has a market cap of $3.11 billion, a P/E ratio of 18.13, a PEG ratio of 1.17 and a beta of 2.07.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, topping 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 predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Insider Transactions at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of Boot Barn stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total value of $965,456.78. Following the completion of the transaction, the chief executive officer now owns 3,937 shares in the company, valued at approximately $602,282.26. This trade represents a 61.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. StockNews.com lowered Boot Barn from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Bank of America raised their price target on Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. raised their price target on Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. BTIG Research raised their price target on Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Finally, Craig Hallum set a $178.00 price target on Boot Barn in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $181.92.

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.