Congress Wealth Management LLC DE Has $10.48 Million Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Congress Wealth Management LLC DE trimmed its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,998 shares of the company’s stock after selling 9,582 shares during the period. Congress Wealth Management LLC DE owned about 0.23% of Boot Barn worth $10,475,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Advantage Alpha Capital Partners LP bought a new stake in Boot Barn in the 4th quarter valued at approximately $4,906,000. Summit Creek Advisors LLC lifted its position in shares of Boot Barn by 39.0% in the fourth quarter. Summit Creek Advisors LLC now owns 153,174 shares of the company’s stock worth $23,255,000 after purchasing an additional 42,981 shares in the last quarter. Emerald Advisers LLC acquired a new position in Boot Barn during the fourth quarter worth $19,985,000. Vanguard Group Inc. grew its position in Boot Barn by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 3,409,865 shares of the company’s stock valued at $517,686,000 after purchasing an additional 73,089 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Boot Barn by 50.2% in the 4th quarter. LPL Financial LLC now owns 13,957 shares of the company’s stock valued at $2,119,000 after buying an additional 4,663 shares during the last quarter.

Boot Barn Stock Performance

Shares of BOOT opened at $112.75 on Tuesday. Boot Barn Holdings, Inc. has a 52 week low of $84.83 and a 52 week high of $176.64. The firm has a market cap of $3.45 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 1.17 and a beta of 2.07. The firm’s 50-day simple moving average is $133.66 and its 200 day simple moving average is $144.49.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share 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, equities analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Insider Activity

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total value of $965,456.78. Following the completion of the sale, the chief executive officer now owns 3,937 shares of the company’s stock, valued at $602,282.26. The trade was a 61.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

BOOT has been the subject of a number of recent research reports. StockNews.com downgraded shares of Boot Barn from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Piper Sandler restated an “overweight” rating and issued a $181.00 price target (up from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. KeyCorp raised 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. BTIG Research increased 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. Finally, UBS Group lowered their target price on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Boot Barn currently has an average rating of “Moderate Buy” and an average price target 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.