Crystal Rock Capital Management Acquires 1,525 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Crystal Rock Capital Management boosted its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,700 shares of the company’s stock after buying an additional 1,525 shares during the quarter. Boot Barn makes up 2.2% of Crystal Rock Capital Management’s portfolio, making the stock its 22nd largest position. Crystal Rock Capital Management owned 0.14% of Boot Barn worth $3,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its holdings in shares of Boot Barn by 1.7% in the third quarter. Arizona State Retirement System now owns 8,516 shares of the company’s stock valued at $691,000 after purchasing an additional 142 shares during the period. J.P. Morgan Private Wealth Advisors LLC lifted its holdings in shares of Boot Barn by 7.7% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 3,056 shares of the company’s stock worth $248,000 after buying an additional 219 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Boot Barn by 2.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,256 shares of the company’s stock worth $1,076,000 after buying an additional 337 shares in the last quarter. Tilia Fiduciary Partners Inc. raised its holdings in shares of Boot Barn by 4.1% in the fourth quarter. Tilia Fiduciary Partners Inc. now owns 10,030 shares of the company’s stock valued at $770,000 after acquiring an additional 399 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in Boot Barn by 1.4% in the third quarter. Stifel Financial Corp now owns 29,189 shares of the company’s stock worth $2,370,000 after acquiring an additional 405 shares during the period.

Boot Barn Trading Down 4.1 %

Shares of BOOT stock traded down $4.41 during mid-day trading on Wednesday, reaching $102.06. The stock had a trading volume of 1,063,688 shares, compared to its average volume of 816,382. Boot Barn Holdings, Inc. has a 1-year low of $64.33 and a 1-year high of $110.89. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 19.49 and a beta of 2.19. The business’s fifty day moving average is $94.59 and its 200-day moving average is $82.42.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.01. The company had revenue of $520.40 million during the quarter, compared to analyst estimates of $520.34 million. Boot Barn had a net margin of 9.62% and a return on equity of 19.52%. On average, analysts forecast that Boot Barn Holdings, Inc. will post 4.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on BOOT. TD Cowen raised their target price on shares of Boot Barn from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday. Robert W. Baird upped their price objective on Boot Barn from $70.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Piper Sandler boosted their target price on shares of Boot Barn from $94.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. StockNews.com lowered shares of Boot Barn from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. Finally, Williams Trading restated a “hold” rating on shares of Boot Barn in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Boot Barn has an average rating of “Moderate Buy” and a consensus target price of $109.11.

Insider Activity at Boot Barn

In related news, CEO James Grant Conroy sold 19,478 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $92.38, for a total transaction of $1,799,377.64. Following the sale, the chief executive officer now directly owns 46,273 shares of the company’s stock, valued at $4,274,699.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO James Grant Conroy sold 19,478 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $92.38, for a total transaction of $1,799,377.64. Following the sale, the chief executive officer now directly owns 46,273 shares of the company’s stock, valued at $4,274,699.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laurie Marie Grijalva sold 5,861 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $90.31, for a total transaction of $529,306.91. Following the completion of the transaction, the insider now owns 5,861 shares of the company’s stock, valued at approximately $529,306.91. The disclosure for this sale can be found here. Insiders sold 26,339 shares of company stock worth $2,413,715 over the last three months. Company insiders own 2.20% of the company’s stock.

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.