1620 Investment Advisors Inc. Has $68,000 Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

1620 Investment Advisors Inc. lessened its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 30.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 445 shares of the company’s stock after selling 194 shares during the period. 1620 Investment Advisors Inc.’s holdings in Boot Barn were worth $68,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Boot Barn by 4.4% in the 3rd quarter. State Street Corp now owns 1,208,345 shares of the company’s stock valued at $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 3rd 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. lifted its position in Boot Barn by 1.0% during the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Boot Barn by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 358,579 shares of the company’s stock worth $54,439,000 after buying an additional 5,881 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in Boot Barn by 92.3% during the 4th quarter. Jennison Associates LLC now owns 340,550 shares of the company’s stock worth $51,702,000 after buying an additional 163,451 shares in the last quarter.

Insider Activity

In related news, CEO John Hazen sold 6,311 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total transaction of $965,456.78. Following the completion of the sale, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. This represents a 61.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

Boot Barn Price Performance

Shares of BOOT stock opened at $104.64 on Friday. The stock has a market cap of $3.20 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 1.17 and a beta of 2.07. The stock has a 50-day moving average of $134.51 and a 200-day moving average of $144.52. 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 announced its quarterly earnings results on Thursday, January 30th. The company reported $2.43 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. As a group, research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Analyst Ratings Changes

BOOT has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on shares of Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. StockNews.com downgraded shares of Boot Barn from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. Robert W. Baird reduced 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. KeyCorp upgraded shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research report on Thursday, January 23rd. Finally, Piper Sandler reiterated an “overweight” rating and set a $181.00 price target (up previously from $179.00) on shares of Boot Barn 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $181.92.

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.