Stephens Investment Management Group LLC Acquires Shares of 307,592 Boot Barn Holdings, Inc. (NYSE:BOOT)

Stephens Investment Management Group LLC bought a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 307,592 shares of the company’s stock, valued at approximately $46,699,000. Stephens Investment Management Group LLC owned approximately 1.01% of Boot Barn as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Artemis Investment Management LLP acquired a new stake in Boot Barn in the 4th quarter worth about $36,361,000. Jennison Associates LLC raised its position in shares of Boot Barn by 92.3% in the fourth quarter. Jennison Associates LLC now owns 340,550 shares of the company’s stock valued at $51,702,000 after buying an additional 163,451 shares in the last quarter. State Street Corp boosted its stake in shares of Boot Barn by 4.4% in the third quarter. State Street Corp now owns 1,208,345 shares of the company’s stock valued at $202,132,000 after buying an additional 51,356 shares during the period. JPMorgan Chase & Co. grew its position in Boot Barn by 56.5% during the third quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company’s stock worth $23,638,000 after buying an additional 51,032 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Boot Barn during the 3rd quarter worth $5,931,000.

Boot Barn Price Performance

Boot Barn stock opened at $139.94 on Friday. The business has a 50 day moving average of $153.82 and a 200-day moving average of $147.36. Boot Barn Holdings, Inc. has a 1 year low of $82.67 and a 1 year high of $176.64. The company has a market capitalization of $4.28 billion, a P/E ratio of 24.99, a P/E/G ratio of 1.25 and a beta of 2.10.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results 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 net margin of 9.36% and a return on equity of 17.11%. Equities analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have 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 report on Friday, January 31st. Benchmark reiterated a “buy” rating and set a $192.00 price objective on shares of Boot Barn in a research note on Tuesday, October 29th. Citigroup dropped their target price on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Baird R W upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Finally, BTIG Research upped their target price on Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Boot Barn has a consensus rating of “Moderate Buy” and an average price target of $181.58.

Insider Activity

In other news, CEO John Hazen sold 6,311 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total value of $965,456.78. Following the sale, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. This represents a 61.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

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.