Globeflex Capital L P Decreases Stake in Boot Barn Holdings Inc (NYSE:BOOT)

Globeflex Capital L P decreased its holdings in shares of Boot Barn Holdings Inc (NYSE:BOOT) by 15.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,349 shares of the company’s stock after selling 955 shares during the quarter. Globeflex Capital L P’s holdings in Boot Barn were worth $91,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. First Trust Advisors LP bought a new position in shares of Boot Barn in the third quarter worth about $1,208,000. Wells Fargo & Company MN lifted its stake in Boot Barn by 25.3% in the third quarter. Wells Fargo & Company MN now owns 39,187 shares of the company’s stock worth $1,113,000 after acquiring an additional 7,920 shares during the period. WINTON GROUP Ltd bought a new position in Boot Barn in the third quarter worth $254,000. JPMorgan Chase & Co. raised its holdings in Boot Barn by 228.9% in the third quarter. JPMorgan Chase & Co. now owns 22,148 shares of the company’s stock worth $629,000 after purchasing an additional 15,414 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Boot Barn by 30.0% in the third quarter. Rhumbline Advisers now owns 23,256 shares of the company’s stock worth $661,000 after purchasing an additional 5,369 shares in the last quarter.

In related news, Director Brenda I. Morris sold 7,000 shares of the company’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $28.04, for a total transaction of $196,280.00. Following the transaction, the director now directly owns 17,724 shares of the company’s stock, valued at approximately $496,980.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.00% of the company’s stock.

A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Boot Barn from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Tuesday, April 9th. ValuEngine raised Boot Barn from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. Sidoti assumed coverage on Boot Barn in a research report on Thursday, March 14th. They set a “buy” rating on the stock. Finally, Pivotal Research reissued a “buy” rating and set a $28.00 target price on shares of Boot Barn in a research note on Wednesday, February 6th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Boot Barn presently has a consensus rating of “Buy” and a consensus target price of $28.22.

BOOT traded up $0.84 on Monday, hitting $31.23. 755,400 shares of the company’s stock traded hands, compared to its average volume of 980,475. The company has a market capitalization of $860.95 million, a PE ratio of 44.61, a price-to-earnings-growth ratio of 0.94 and a beta of 2.31. Boot Barn Holdings Inc has a one year low of $15.01 and a one year high of $32.21. The company has a current ratio of 1.62, a quick ratio of 0.40 and a debt-to-equity ratio of 0.71.

Boot Barn (NYSE:BOOT) last announced its earnings results on Tuesday, February 5th. The company reported $0.66 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.66. Boot Barn had a return on equity of 13.54% and a net margin of 4.93%. The company had revenue of $254.00 million for the quarter, compared to analyst estimates of $254.55 million. During the same period in the prior year, the company posted $0.46 EPS. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities research analysts predict that Boot Barn Holdings Inc will post 1.2 earnings per share for the current year.

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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.

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Institutional Ownership by Quarter for Boot Barn (NYSE:BOOT)

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