Dale Q Rice Investment Management Ltd Takes $1.54 Million Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Dale Q Rice Investment Management Ltd bought a new position in Boot Barn Holdings, Inc. (NYSE:BOOT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,172 shares of the company’s stock, valued at approximately $1,544,000. Boot Barn comprises about 0.7% of Dale Q Rice Investment Management Ltd’s investment portfolio, making the stock its 23rd biggest holding.

A number of other hedge funds have also made changes to their positions in the company. GHP Investment Advisors Inc. acquired a new position in Boot Barn in the third quarter valued at about $25,000. Canada Pension Plan Investment Board acquired a new position in shares of Boot Barn in the 2nd quarter worth approximately $64,000. GAMMA Investing LLC grew its position in Boot Barn by 100.8% during the 3rd quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock worth $89,000 after acquiring an additional 268 shares during the last quarter. USA Financial Formulas acquired a new stake in Boot Barn during the 3rd quarter valued at $92,000. Finally, KBC Group NV raised its position in Boot Barn by 23.3% in the 3rd quarter. KBC Group NV now owns 951 shares of the company’s stock valued at $159,000 after purchasing an additional 180 shares during the last quarter.

Boot Barn Stock Down 0.5 %

Shares of Boot Barn stock opened at $155.35 on Tuesday. The business has a fifty day simple moving average of $145.07 and a 200 day simple moving average of $143.25. The stock has a market cap of $4.74 billion, a PE ratio of 31.19 and a beta of 2.10. Boot Barn Holdings, Inc. has a 12 month low of $69.35 and a 12 month high of $169.83.

Boot Barn (NYSE:BOOT) last posted its earnings results on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.02. The company had revenue of $425.80 million during the quarter, compared to analyst estimates of $424.42 million. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 EPS. Analysts expect that Boot Barn Holdings, Inc. will post 5.48 EPS for the current fiscal year.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total value of $965,456.78. Following the sale, the chief executive officer now owns 3,937 shares in the company, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Benchmark restated a “buy” rating and issued a $192.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. UBS Group raised shares of Boot Barn from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $155.00 to $210.00 in a research note on Friday. Citigroup decreased their price target on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Williams Trading restated a “buy” rating and issued a $173.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. increased their price objective on Boot Barn from $181.00 to $188.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $171.17.

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.