Yousif Capital Management LLC Has $1.76 Million Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Yousif Capital Management LLC lowered its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,565 shares of the company’s stock after selling 256 shares during the quarter. Yousif Capital Management LLC’s holdings in Boot Barn were worth $1,756,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Trust Point Inc. lifted its stake in Boot Barn by 0.8% in the third quarter. Trust Point Inc. now owns 9,112 shares of the company’s stock valued at $1,524,000 after buying an additional 71 shares during the period. Crossmark Global Holdings Inc. raised its position in shares of Boot Barn by 3.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company’s stock valued at $382,000 after acquiring an additional 82 shares during the period. Fisher Asset Management LLC boosted its stake in Boot Barn by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,192 shares of the company’s stock worth $701,000 after acquiring an additional 83 shares during the last quarter. OLD National Bancorp IN grew its holdings in Boot Barn by 6.2% during the fourth quarter. OLD National Bancorp IN now owns 2,230 shares of the company’s stock valued at $339,000 after purchasing an additional 130 shares during the period. Finally, Blue Trust Inc. increased its stake in 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 purchasing an additional 143 shares in the last quarter.

Wall Street Analysts Forecast Growth

BOOT has been the subject of several research analyst reports. Benchmark reissued a “buy” rating and issued a $192.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. Craig Hallum downgraded Boot Barn from a “buy” rating to a “hold” rating and increased their price target for the stock from $154.00 to $162.00 in a report on Friday, October 25th. 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 report on Friday, January 31st. Citigroup decreased their price objective on Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Finally, StockNews.com upgraded shares of Boot Barn from a “sell” rating to a “hold” rating in a report on Monday, February 3rd. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $181.58.

Boot Barn Stock Performance

BOOT opened at $130.22 on Wednesday. Boot Barn Holdings, Inc. has a 52-week low of $82.67 and a 52-week high of $176.64. The business’s 50-day simple moving average is $153.32 and its 200 day simple moving average is $147.68. The firm has a market capitalization of $3.98 billion, a PE ratio of 23.25, a PEG ratio of 1.25 and a beta of 2.10.

Boot Barn (NYSE:BOOT) last issued its earnings results on Thursday, January 30th. The company reported $2.43 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%. On average, research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Insider Buying and Selling at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total transaction of $965,456.78. Following the transaction, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.