Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Bought by Wasatch Advisors LP

Wasatch Advisors LP grew its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 43.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,131,689 shares of the company’s stock after acquiring an additional 649,021 shares during the period. Wasatch Advisors LP owned about 0.07% of Boot Barn worth $202,830,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Boot Barn by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 2,744,105 shares of the company’s stock valued at $210,638,000 after purchasing an additional 35,925 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Boot Barn by 186.6% in the fourth quarter. Wellington Management Group LLP now owns 2,573,306 shares of the company’s stock valued at $197,527,000 after buying an additional 1,675,410 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Boot Barn by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,086,810 shares of the company’s stock worth $83,425,000 after buying an additional 16,308 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Boot Barn by 35.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 700,007 shares of the company’s stock valued at $53,733,000 after buying an additional 182,130 shares in the last quarter. Finally, Congress Asset Management Co. MA grew its stake in Boot Barn by 17.1% in the 1st quarter. Congress Asset Management Co. MA now owns 558,235 shares of the company’s stock valued at $53,116,000 after acquiring an additional 81,503 shares during the period.

Boot Barn Trading Up 0.9 %

NYSE:BOOT traded up $1.15 during trading hours on Tuesday, hitting $131.28. The company had a trading volume of 469,766 shares, compared to its average volume of 822,986. Boot Barn Holdings, Inc. has a 1 year low of $66.73 and a 1 year high of $134.61. The company has a market cap of $3.99 billion, a P/E ratio of 27.35 and a beta of 2.09. The company has a 50-day moving average of $117.94 and a 200 day moving average of $96.83.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.12. Boot Barn had a net margin of 8.82% and a return on equity of 16.84%. The firm had revenue of $388.46 million for the quarter, compared to analysts’ expectations of $383.67 million. On average, analysts forecast that Boot Barn Holdings, Inc. will post 4.82 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Robert W. Baird increased their price objective on shares of Boot Barn from $100.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, June 7th. JPMorgan Chase & Co. lifted their price objective on Boot Barn from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, May 21st. Piper Sandler increased their target price on Boot Barn from $94.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Benchmark lifted their price target on Boot Barn from $110.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Finally, TD Cowen increased their price objective on Boot Barn from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and an average price target of $123.36.

Insider Activity

In other news, insider Michael A. Love sold 5,653 shares of Boot Barn stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $113.61, for a total transaction of $642,237.33. Following the sale, the insider now owns 2,327 shares of the company’s stock, valued at approximately $264,370.47. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Michael A. Love sold 5,653 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $113.61, for a total transaction of $642,237.33. Following the completion of the sale, the insider now directly owns 2,327 shares of the company’s stock, valued at approximately $264,370.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael A. Love sold 1,079 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $110.21, for a total transaction of $118,916.59. Following the completion of the sale, the insider now owns 2,112 shares in the company, valued at $232,763.52. The disclosure for this sale can be found here. Insiders sold a total of 11,795 shares of company stock valued at $1,329,686 in the last 90 days. Company insiders own 2.20% of the company’s stock.

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.