Louisiana State Employees Retirement System Increases Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Louisiana State Employees Retirement System lifted its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,800 shares of the company’s stock after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Boot Barn were worth $2,247,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Creative Planning raised its holdings in shares of Boot Barn by 41.4% in the third quarter. Creative Planning now owns 8,422 shares of the company’s stock worth $1,409,000 after acquiring an additional 2,466 shares during the last quarter. nVerses Capital LLC purchased a new stake in Boot Barn during the 3rd quarter worth about $335,000. Trust Point Inc. raised its stake in Boot Barn by 0.8% in the 3rd quarter. Trust Point Inc. now owns 9,112 shares of the company’s stock valued at $1,524,000 after purchasing an additional 71 shares during the last quarter. GHP Investment Advisors Inc. purchased a new position in Boot Barn in the 3rd quarter valued at about $25,000. Finally, Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in shares of Boot Barn during the 3rd quarter worth about $408,000.

Boot Barn Trading Up 1.7 %

Shares of BOOT stock opened at $137.11 on Friday. The company’s fifty day simple moving average is $152.41 and its 200-day simple moving average is $147.53. Boot Barn Holdings, Inc. has a 52 week low of $82.67 and a 52 week high of $176.64. The company has a market cap of $4.19 billion, a PE ratio of 24.48, a P/E/G ratio of 1.25 and a beta of 2.10.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. Equities research analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total value 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 represents a 61.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BOOT shares. Craig Hallum lowered shares of Boot Barn from a “buy” rating to a “hold” rating and boosted their price objective for the company from $154.00 to $162.00 in a research report on Friday, October 25th. StockNews.com raised Boot Barn from a “sell” rating to a “hold” rating in a research note on Monday, February 3rd. Robert W. Baird raised Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price objective for the company in a research report on Wednesday, October 30th. Williams Trading reissued a “buy” rating and issued a $173.00 price target on shares of Boot Barn in a research note on Tuesday, October 29th. Finally, KeyCorp raised shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Boot Barn currently has an average rating of “Moderate Buy” and a consensus price target of $181.58.

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.