Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA cut its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,300 shares of the company’s stock after selling 2,700 shares during the period. Primecap Management Co. CA owned 0.20% of Boot Barn worth $9,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in BOOT. State Street Corp lifted its stake in Boot Barn by 4.4% in the 3rd quarter. State Street Corp now owns 1,208,345 shares of the company’s stock worth $202,132,000 after purchasing an additional 51,356 shares in the last quarter. Geode Capital Management LLC lifted its position in Boot Barn by 1.0% during the third quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock worth $113,150,000 after buying an additional 6,369 shares in the last quarter. Franklin Resources Inc. boosted its stake in Boot Barn by 1.0% during the third quarter. Franklin Resources Inc. now owns 420,688 shares of the company’s stock worth $68,004,000 after buying an additional 4,226 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Boot Barn by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 358,579 shares of the company’s stock valued at $54,439,000 after buying an additional 5,881 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Boot Barn by 92.3% in the 4th quarter. Jennison Associates LLC now owns 340,550 shares of the company’s stock worth $51,702,000 after acquiring an additional 163,451 shares during the last quarter.

Insider Buying and Selling

In related news, CEO John Hazen sold 6,311 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 of the company’s stock, valued at $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Robert W. Baird lowered their price target on shares of Boot Barn from $190.00 to $155.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. Piper Sandler reiterated an “overweight” rating and issued a $181.00 target price (up from $179.00) on shares of Boot Barn in a report on Friday, January 31st. StockNews.com downgraded shares of Boot Barn from a “hold” rating to a “sell” rating in a report on Monday, February 17th. Bank of America upped their price objective on Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. 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 note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $181.92.

Boot Barn Stock Performance

NYSE BOOT opened at $105.21 on Thursday. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 1.17 and a beta of 2.07. The firm has a 50 day simple moving average of $136.59 and a 200-day simple moving average of $144.98. Boot Barn Holdings, Inc. has a one year low of $84.28 and a one year high of $176.64.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.43 EPS for the quarter, beating 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%. Equities analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

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.