River Global Investors LLP Has $956,000 Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

River Global Investors LLP lessened its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 1.0% in the 4th quarter, HoldingsChannel reports. The fund owned 12,458 shares of the company’s stock after selling 124 shares during the quarter. River Global Investors LLP’s holdings in Boot Barn were worth $956,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its position in Boot Barn by 150.4% in the 3rd quarter. Wellington Management Group LLP now owns 897,896 shares of the company’s stock valued at $72,900,000 after acquiring an additional 539,296 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Boot Barn by 11.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 584,576 shares of the company’s stock valued at $47,462,000 after acquiring an additional 60,456 shares in the last quarter. Jennison Associates LLC increased its position in Boot Barn by 52.1% in the 3rd quarter. Jennison Associates LLC now owns 471,873 shares of the company’s stock valued at $38,311,000 after acquiring an additional 161,585 shares in the last quarter. FMR LLC increased its position in Boot Barn by 13.4% in the 3rd quarter. FMR LLC now owns 463,287 shares of the company’s stock valued at $37,614,000 after acquiring an additional 54,810 shares in the last quarter. Finally, Congress Asset Management Co. MA increased its position in Boot Barn by 10.6% in the 3rd quarter. Congress Asset Management Co. MA now owns 402,526 shares of the company’s stock valued at $32,681,000 after acquiring an additional 38,704 shares in the last quarter.

Boot Barn Stock Up 1.1 %

Boot Barn stock traded up $1.12 during midday trading on Friday, hitting $105.30. 629,368 shares of the stock were exchanged, compared to its average volume of 739,657. The company has a fifty day simple moving average of $95.49 and a two-hundred day simple moving average of $82.90. Boot Barn Holdings, Inc. has a 52 week low of $64.33 and a 52 week high of $110.89. The stock has a market capitalization of $3.19 billion, a PE ratio of 19.61 and a beta of 2.15.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Wednesday, January 31st. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.01. Boot Barn had a net margin of 9.62% and a return on equity of 19.52%. The business had revenue of $520.40 million for the quarter, compared to analyst estimates of $520.34 million. As a group, equities research analysts anticipate that Boot Barn Holdings, Inc. will post 4.72 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BOOT shares. BTIG Research lifted their price target on shares of Boot Barn from $100.00 to $127.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Piper Sandler lifted their price target on shares of Boot Barn from $94.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Williams Trading reiterated a “hold” rating on shares of Boot Barn in a research report on Tuesday, January 16th. StockNews.com cut shares of Boot Barn from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. Finally, B. Riley lowered their price target on shares of Boot Barn from $92.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $109.11.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, Director Gene Eddie Burt sold 1,000 shares of Boot Barn stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $85.03, for a total value of $85,030.00. Following the transaction, the director now owns 1,542 shares of the company’s stock, valued at $131,116.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Boot Barn news, insider Laurie Marie Grijalva sold 5,861 shares of Boot Barn stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $90.31, for a total value of $529,306.91. Following the transaction, the insider now owns 5,861 shares of the company’s stock, valued at $529,306.91. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gene Eddie Burt sold 1,000 shares of Boot Barn stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $85.03, for a total transaction of $85,030.00. Following the completion of the transaction, the director now directly owns 1,542 shares in the company, valued at approximately $131,116.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,339 shares of company stock valued at $2,413,715. 2.20% of the stock is currently owned by corporate insiders.

About Boot Barn

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.