Oak Ridge Investments LLC Lowers Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Oak Ridge Investments LLC reduced its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 3.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,512 shares of the company’s stock after selling 472 shares during the quarter. Oak Ridge Investments LLC’s holdings in Boot Barn were worth $2,203,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of BOOT. GHP Investment Advisors Inc. acquired a new position in shares of Boot Barn during the third quarter worth about $25,000. Canada Pension Plan Investment Board acquired a new position in Boot Barn during the 2nd quarter worth approximately $64,000. GAMMA Investing LLC raised its stake in shares of 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 buying an additional 268 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Boot Barn in the 3rd quarter valued at approximately $92,000. Finally, KBC Group NV boosted its stake in shares of Boot Barn by 23.3% in the third 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.

Insiders Place Their Bets

In other news, CEO John Hazen sold 6,311 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total transaction of $965,456.78. Following the completion of the transaction, the chief executive officer now owns 3,937 shares of the company’s stock, valued at $602,282.26. This represents a 61.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.00% of the company’s stock.

Boot Barn Trading Up 4.6 %

Boot Barn stock opened at $160.28 on Friday. The stock has a market cap of $4.89 billion, a PE ratio of 32.19, a P/E/G ratio of 1.59 and a beta of 2.10. The stock has a 50-day moving average price of $146.85 and a 200 day moving average price of $143.83. Boot Barn Holdings, Inc. has a 52 week low of $69.35 and a 52 week high of $169.83.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The business had revenue of $425.80 million during the quarter, compared to analyst estimates of $424.42 million. During the same quarter in the previous year, the business posted $0.91 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. On average, equities analysts predict that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on BOOT shares. Benchmark reiterated a “buy” rating and issued a $192.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. Baird R W upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Craig Hallum lowered shares of Boot Barn from a “buy” rating to a “hold” rating and upped their target price for the stock from $154.00 to $162.00 in a research report on Friday, October 25th. Piper Sandler reiterated an “overweight” rating and set a $179.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Finally, Citigroup lowered their price target on Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $171.58.

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.