Legato Capital Management LLC Acquires 7,029 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Legato Capital Management LLC raised its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 63.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 18,030 shares of the company’s stock after acquiring an additional 7,029 shares during the period. Legato Capital Management LLC owned approximately 0.06% of Boot Barn worth $2,737,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. GHP Investment Advisors Inc. bought a new position in Boot Barn during the 3rd quarter worth approximately $25,000. Blue Trust Inc. raised its holdings in Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock worth $26,000 after purchasing an additional 143 shares during the period. GAMMA Investing LLC boosted its position in shares of Boot Barn by 100.8% during the third quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock worth $89,000 after purchasing an additional 268 shares in the last quarter. R Squared Ltd acquired a new position in shares of Boot Barn in the 4th quarter valued at $102,000. Finally, KBC Group NV increased its position in shares of 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 buying an additional 180 shares in the last quarter.

Insider Activity at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total transaction of $965,456.78. Following the transaction, the chief executive officer now directly owns 3,937 shares in the company, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on BOOT. Citigroup reduced their target price on Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Robert W. Baird upgraded Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price objective on the stock in a report on Wednesday, October 30th. Williams Trading reiterated a “buy” rating and issued a $173.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. UBS Group dropped their target price on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Finally, Bank of America lifted their price target on shares of Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Boot Barn currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.58.

Boot Barn Trading Down 5.7 %

Shares of BOOT opened at $130.22 on Wednesday. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 1.25 and a beta of 2.10. Boot Barn Holdings, Inc. has a 12 month low of $82.67 and a 12 month high of $176.64. The firm has a fifty day simple moving average of $153.32 and a 200 day simple moving average of $147.68.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. As a group, research analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

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.