Azzad Asset Management Inc. ADV Buys 154 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Azzad Asset Management Inc. ADV grew its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 1.7% in the first quarter, Holdings Channel reports. The fund owned 9,342 shares of the company’s stock after acquiring an additional 154 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Boot Barn were worth $889,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of BOOT. Headlands Technologies LLC lifted its holdings in Boot Barn by 1,037.7% during the fourth quarter. Headlands Technologies LLC now owns 785 shares of the company’s stock valued at $60,000 after purchasing an additional 716 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of Boot Barn during the 4th quarter valued at approximately $102,000. Quest Partners LLC purchased a new stake in shares of Boot Barn during the 4th quarter valued at approximately $112,000. Neo Ivy Capital Management bought a new position in Boot Barn in the 4th quarter worth approximately $165,000. Finally, SG Americas Securities LLC purchased a new position in Boot Barn in the 4th quarter valued at approximately $199,000.

Boot Barn Trading Down 0.9 %

Shares of NYSE:BOOT traded down $1.15 during trading on Wednesday, reaching $130.25. The company had a trading volume of 84,643 shares, compared to its average volume of 817,107. Boot Barn Holdings, Inc. has a 12 month low of $66.73 and a 12 month high of $134.61. The stock has a market capitalization of $3.96 billion, a P/E ratio of 27.35 and a beta of 2.09. The company has a fifty day moving average of $117.94 and a two-hundred day moving average of $96.83.

Boot Barn (NYSE:BOOT) last released its earnings results on Tuesday, May 14th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. Boot Barn had a return on equity of 16.84% and a net margin of 8.82%. The business had revenue of $388.46 million for the quarter, compared to analysts’ expectations of $383.67 million. As a group, equities research analysts predict that Boot Barn Holdings, Inc. will post 4.82 earnings per share for the current year.

Insider Activity

In other Boot Barn news, Director Brenda I. Morris sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $110.11, for a total value of $165,165.00. Following the completion of the sale, the director now owns 4,546 shares of the company’s stock, valued at $500,560.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Brenda I. Morris sold 1,500 shares of Boot Barn stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $110.11, for a total value of $165,165.00. Following the transaction, the director now owns 4,546 shares in the company, valued at approximately $500,560.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Hazen sold 3,563 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $113.21, for a total transaction of $403,367.23. Following the sale, the insider now owns 1,309 shares of the company’s stock, valued at $148,191.89. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,795 shares of company stock worth $1,329,686. 2.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

BOOT has been the subject of a number of analyst reports. BTIG Research raised their price target on Boot Barn from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Craig Hallum raised their target price on Boot Barn from $120.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. TD Cowen upped their price target on Boot Barn from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Piper Sandler raised their price objective on shares of Boot Barn from $94.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. upped their target price on shares of Boot Barn from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $123.36.

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.