Campbell Newman Asset Management Inc. Acquires Shares of 12,077 Boot Barn Holdings, Inc. (NYSE:BOOT)

Campbell Newman Asset Management Inc. acquired a new position in Boot Barn Holdings, Inc. (NYSE:BOOT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,077 shares of the company’s stock, valued at approximately $1,834,000.

Other institutional investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. acquired a new stake in Boot Barn during the 3rd quarter worth about $25,000. Canada Pension Plan Investment Board acquired a new stake in Boot Barn during the second quarter worth about $64,000. GAMMA Investing LLC raised its position in Boot Barn by 100.8% during the third quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock valued at $89,000 after acquiring an additional 268 shares in the last quarter. USA Financial Formulas acquired a new position in Boot Barn in the third quarter valued at approximately $92,000. Finally, KBC Group NV grew 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 purchasing an additional 180 shares during the period.

Boot Barn Price Performance

BOOT traded up $1.91 on Wednesday, reaching $151.99. 99,915 shares of the company’s stock were exchanged, compared to its average volume of 784,033. The stock has a market cap of $4.64 billion, a PE ratio of 30.52 and a beta of 2.10. Boot Barn Holdings, Inc. has a twelve month low of $69.35 and a twelve month high of $169.83. The stock’s fifty day moving average price is $145.07 and its 200-day moving average price is $143.25.

Boot Barn (NYSE:BOOT) last issued its earnings results on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.02. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The business had revenue of $425.80 million for the quarter, compared to analysts’ expectations of $424.42 million. During the same period in the previous year, the firm posted $0.91 EPS. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, research analysts predict that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Benchmark reiterated a “buy” rating and issued a $192.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. Piper Sandler reiterated an “overweight” rating and set a $179.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. JPMorgan Chase & Co. boosted their price objective on Boot Barn from $181.00 to $188.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. UBS Group upgraded Boot Barn from a “neutral” rating to a “buy” rating and increased their target price for the company from $155.00 to $210.00 in a research report on Friday, January 10th. Finally, Citigroup cut their price target on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $171.58.

Insider Transactions at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total value of $965,456.78. Following the sale, the chief executive officer now owns 3,937 shares in the company, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their position. The transaction was disclosed in a filing 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.