Wells Fargo & Company MN lowered its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 39.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,646 shares of the company’s stock after selling 14,876 shares during the period. Wells Fargo & Company MN owned about 0.09% of Boot Barn Holdings worth $224,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of BOOT. Norges Bank purchased a new position in Boot Barn Holdings during the fourth quarter worth $489,000. Renaissance Technologies LLC purchased a new position in Boot Barn Holdings during the fourth quarter worth $701,000. Hudson Bay Capital Management LP boosted its stake in shares of Boot Barn Holdings by 7.3% in the fourth quarter. Hudson Bay Capital Management LP now owns 100,992 shares of the company’s stock worth $1,264,000 after buying an additional 6,877 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Boot Barn Holdings during the fourth quarter worth about $1,727,000. Finally, State Street Corp boosted its stake in shares of Boot Barn Holdings by 28.4% in the fourth quarter. State Street Corp now owns 195,230 shares of the company’s stock worth $2,446,000 after buying an additional 43,133 shares in the last quarter.
Boot Barn Holdings, Inc. (NYSE:BOOT) traded up 1.30% during mid-day trading on Wednesday, hitting $8.56. The stock had a trading volume of 185,338 shares. The stock has a market capitalization of $227.63 million, a P/E ratio of 15.88 and a beta of 1.26. The company’s 50 day moving average is $7.42 and its 200-day moving average is $8.91. Boot Barn Holdings, Inc. has a 52 week low of $5.90 and a 52 week high of $17.26.
Boot Barn Holdings (NYSE:BOOT) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.03 EPS for the quarter. The company had revenue of $139.40 million during the quarter, compared to analyst estimates of $139 million. Boot Barn Holdings had a return on equity of 8.58% and a net margin of 2.26%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $0.02 earnings per share. On average, analysts expect that Boot Barn Holdings, Inc. will post $0.61 EPS for the current fiscal year.
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BOOT has been the topic of a number of analyst reports. ValuEngine upgraded Boot Barn Holdings from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 17th. J P Morgan Chase & Co reiterated a “neutral” rating and set a $7.00 price objective (down previously from $11.00) on shares of Boot Barn Holdings in a research note on Tuesday, June 6th. Zacks Investment Research cut Boot Barn Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, June 1st. Jefferies Group LLC restated a “buy” rating and issued a $15.00 price target on shares of Boot Barn Holdings in a research note on Tuesday, July 4th. Finally, Citigroup Inc. restated a “buy” rating and issued a $9.00 price target (down previously from $14.00) on shares of Boot Barn Holdings in a research note on Monday, June 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $10.88.
In other Boot Barn Holdings news, Director Peter Starrett bought 50,000 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was acquired at an average price of $6.12 per share, for a total transaction of $306,000.00. Following the completion of the transaction, the director now directly owns 4,726 shares of the company’s stock, valued at $28,923.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Brenda I. Morris bought 7,000 shares of the company’s stock in a transaction on Wednesday, June 7th. The shares were acquired at an average price of $6.33 per share, with a total value of $44,310.00. Following the transaction, the director now directly owns 13,818 shares of the company’s stock, valued at $87,467.94. The disclosure for this purchase can be found here. 4.60% of the stock is owned by insiders.
Boot Barn Holdings Company Profile
Boot Barn Holdings, Inc is a lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. The Company’s stores are located in or near neighborhood shopping centers with trade areas of approximately five or more miles, and it has opened stores in malls and outlet center locations.
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