Charles Schwab Investment Management Inc. Increases Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Charles Schwab Investment Management Inc. increased its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 358,579 shares of the company’s stock after acquiring an additional 5,881 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.17% of Boot Barn worth $54,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Crossmark Global Holdings Inc. raised its stake in Boot Barn by 3.7% during the third quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company’s stock valued at $382,000 after buying an additional 82 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of Boot Barn in the third quarter worth about $719,000. Victory Capital Management Inc. raised its position in Boot Barn by 51.1% during the third quarter. Victory Capital Management Inc. now owns 14,362 shares of the company’s stock valued at $2,402,000 after purchasing an additional 4,856 shares during the period. KBC Group NV lifted its stake in shares of Boot Barn by 23.3% during the 3rd quarter. KBC Group NV now owns 951 shares of the company’s stock worth $159,000 after acquiring an additional 180 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Boot Barn by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company’s stock worth $82,895,000 after purchasing an additional 1,834 shares during the period.

Analyst Ratings Changes

A number of research firms have recently weighed in on BOOT. Craig Hallum set a $178.00 price objective on Boot Barn in a research report on Friday, January 31st. BTIG Research upped their price target on Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, January 13th. StockNews.com cut Boot Barn from a “hold” rating to a “sell” rating in a report on Monday, February 17th. 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 research report on Thursday, January 23rd. Finally, Robert W. Baird dropped their target price on Boot Barn from $190.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $181.92.

Boot Barn Stock Performance

Shares of BOOT opened at $100.92 on Friday. Boot Barn Holdings, Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $176.64. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 1.17 and a beta of 2.07. The firm has a 50-day simple moving average of $142.09 and a 200-day simple moving average of $146.22.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.43 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. Equities research 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 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 completion of the transaction, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at $602,282.26. This trade represents a 61.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

Boot Barn 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.