Illinois Municipal Retirement Fund Has $2.32 Million Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Illinois Municipal Retirement Fund boosted its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,261 shares of the company’s stock after purchasing an additional 983 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.05% of Boot Barn worth $2,317,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BOOT. Creative Planning boosted its position in shares of Boot Barn by 41.4% in the third quarter. Creative Planning now owns 8,422 shares of the company’s stock valued at $1,409,000 after acquiring an additional 2,466 shares during the period. James Investment Research Inc. raised its stake in Boot Barn by 10.4% during the 3rd quarter. James Investment Research Inc. now owns 12,274 shares of the company’s stock valued at $2,053,000 after purchasing an additional 1,153 shares during the last quarter. Portside Wealth Group LLC bought a new stake in Boot Barn in the 3rd quarter valued at $383,000. Legacy Capital Wealth Partners LLC acquired a new stake in Boot Barn in the 3rd quarter worth $287,000. Finally, Crossmark Global Holdings Inc. increased its holdings in shares of Boot Barn by 3.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company’s stock worth $382,000 after purchasing an additional 82 shares during the period.

Boot Barn Price Performance

Boot Barn stock opened at $120.71 on Friday. The firm has a market capitalization of $3.69 billion, a P/E ratio of 21.56, a P/E/G ratio of 1.17 and a beta of 2.10. The stock has a fifty day moving average price of $149.43 and a two-hundred day moving average price of $147.85. Boot Barn Holdings, Inc. has a 52-week low of $82.67 and a 52-week high of $176.64.

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

Insider Transactions at Boot Barn

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

BOOT has been the subject of several research reports. BTIG Research increased their target price on shares of Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $181.00 price target (up previously from $179.00) on shares of Boot Barn in a report on Friday, January 31st. Robert W. Baird set a $190.00 price objective on Boot Barn in a report on Friday, January 31st. UBS Group cut their target price on Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. raised their target price on Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Boot Barn has a consensus rating of “Moderate Buy” and an average price target of $184.83.

Boot Barn 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.