Advisor Group Inc. reduced its stake in shares of Boot Barn Holdings Inc (NYSE:BOOT) by 9.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,090 shares of the company’s stock after selling 538 shares during the period. Advisor Group Inc.’s holdings in Boot Barn were worth $87,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of BOOT. Wells Fargo & Company MN increased its position in Boot Barn by 25.3% during the 3rd quarter. Wells Fargo & Company MN now owns 39,187 shares of the company’s stock worth $1,113,000 after purchasing an additional 7,920 shares in the last quarter. JPMorgan Chase & Co. increased its position in Boot Barn by 228.9% during the 3rd 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. Rhumbline Advisers increased its position in Boot Barn by 30.0% during the 3rd 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. Bank of New York Mellon Corp increased its position in Boot Barn by 14.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 217,965 shares of the company’s stock worth $6,193,000 after purchasing an additional 26,960 shares in the last quarter. Finally, BlackRock Inc. increased its position in Boot Barn by 27.4% during the 3rd quarter. BlackRock Inc. now owns 1,871,793 shares of the company’s stock worth $53,177,000 after purchasing an additional 403,006 shares in the last quarter.
In other news, Director Brenda I. Morris sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $28.04, for a total transaction of $196,280.00. Following the completion of the sale, the director now owns 17,724 shares of the company’s stock, valued at $496,980.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by company insiders.
Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Tuesday, February 5th. The company reported $0.66 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.66. Boot Barn had a net margin of 4.93% and a return on equity of 13.54%. The business had revenue of $254.00 million during the quarter, compared to the consensus estimate of $254.55 million. During the same quarter last year, the company earned $0.46 earnings per share. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities analysts anticipate that Boot Barn Holdings Inc will post 1.2 earnings per share for the current year.
BOOT has been the subject of a number of research analyst reports. Pivotal Research reissued a “buy” rating and set a $25.00 target price on shares of Boot Barn in a research report on Wednesday, January 30th. Zacks Investment Research raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Tuesday, April 9th. Sidoti initiated coverage on shares of Boot Barn in a research report on Thursday, March 14th. They issued a “buy” rating for the company. ValuEngine downgraded shares of Boot Barn from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Boot Barn from $34.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, January 7th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $29.00.
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.
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