Blueshift Asset Management LLC Has $2.34 Million Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Blueshift Asset Management LLC trimmed its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 22.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,433 shares of the company’s stock after selling 4,549 shares during the period. Boot Barn makes up approximately 0.9% of Blueshift Asset Management LLC’s holdings, making the stock its 14th biggest holding. Blueshift Asset Management LLC owned 0.05% of Boot Barn worth $2,343,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BOOT. Stephens Investment Management Group LLC bought a new position in shares of Boot Barn during the fourth quarter worth $46,699,000. Proficio Capital Partners LLC acquired a new position in Boot Barn in the fourth quarter valued at about $45,177,000. Raymond James Financial Inc. acquired a new position in Boot Barn in the fourth quarter valued at about $42,440,000. Artemis Investment Management LLP bought a new stake in shares of Boot Barn in the fourth quarter worth about $36,361,000. Finally, TimesSquare Capital Management LLC raised its position in shares of Boot Barn by 134.5% during the fourth quarter. TimesSquare Capital Management LLC now owns 289,641 shares of the company’s stock worth $43,973,000 after purchasing an additional 166,121 shares during the period.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BOOT shares. Piper Sandler reissued an “overweight” rating and set a $181.00 target price (up from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. BTIG Research raised their price objective on shares of Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Bank of America boosted their price objective on shares of Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Robert W. Baird cut their price target on Boot Barn from $190.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. increased their price objective on Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $181.92.

Insider Buying and Selling at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total transaction of $965,456.78. Following the transaction, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Boot Barn Trading Up 2.9 %

Shares of BOOT opened at $105.21 on Thursday. The company’s fifty day simple moving average is $136.59 and its 200 day simple moving average is $144.98. Boot Barn Holdings, Inc. has a 1-year low of $84.28 and a 1-year high of $176.64. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 1.17 and a beta of 2.07.

Boot Barn (NYSE:BOOT) last issued its earnings results on Thursday, January 30th. The company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. As a group, research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

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.