Keybank National Association OH Grows Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Keybank National Association OH increased its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 183.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,148 shares of the company’s stock after buying an additional 3,332 shares during the quarter. Keybank National Association OH’s holdings in Boot Barn were worth $782,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BOOT. Portside Wealth Group LLC purchased a new position in shares of Boot Barn during the third quarter worth about $383,000. Legacy Capital Wealth Partners LLC purchased a new position in shares of Boot Barn during the third quarter worth about $287,000. Crossmark Global Holdings Inc. grew its holdings in shares of Boot Barn by 3.7% during the third quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company’s stock worth $382,000 after buying an additional 82 shares during the last quarter. Versor Investments LP purchased a new stake in Boot Barn in the 3rd quarter valued at approximately $1,221,000. Finally, Entropy Technologies LP purchased a new stake in Boot Barn in the 3rd quarter valued at approximately $719,000.

Boot Barn Price Performance

Shares of Boot Barn stock opened at $108.61 on Friday. Boot Barn Holdings, Inc. has a 1 year low of $82.67 and a 1 year high of $176.64. The company has a market capitalization of $3.32 billion, a P/E ratio of 19.39, a P/E/G ratio of 1.17 and a beta of 2.07. The business has a 50 day moving average price of $145.09 and a 200 day moving average price of $147.02.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BOOT shares. UBS Group lowered their price objective on Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. BTIG Research lifted their price objective on Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a report on Monday, January 13th. JPMorgan Chase & Co. lifted their price objective on Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, January 31st. KeyCorp raised Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a report on Thursday, January 23rd. Finally, Craig Hallum set a $178.00 price objective on Boot Barn in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $181.92.

Insider Buying and Selling

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 completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.

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.