Legato Capital Management LLC Has $2.74 Million Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Legato Capital Management LLC raised its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 63.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,030 shares of the company’s stock after purchasing an additional 7,029 shares during the quarter. Legato Capital Management LLC’s holdings in Boot Barn were worth $2,737,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in BOOT. Trust Point Inc. lifted its position in Boot Barn by 0.8% during the third quarter. Trust Point Inc. now owns 9,112 shares of the company’s stock worth $1,524,000 after acquiring an additional 71 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake 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 purchasing an additional 82 shares during the period. Fisher Asset Management LLC lifted its holdings in Boot Barn by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,192 shares of the company’s stock worth $701,000 after purchasing an additional 83 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in Boot Barn by 0.7% during the 4th quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the company’s stock worth $2,247,000 after purchasing an additional 100 shares during the last quarter. Finally, OLD National Bancorp IN boosted its stake in Boot Barn by 6.2% in the 4th quarter. OLD National Bancorp IN now owns 2,230 shares of the company’s stock valued at $339,000 after purchasing an additional 130 shares during the period.

Wall Street Analyst Weigh In

BOOT has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Citigroup dropped their price objective on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. StockNews.com upgraded shares of Boot Barn from a “sell” rating to a “hold” rating in a research report on Monday, February 3rd. Williams Trading reiterated a “buy” rating and issued a $173.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Finally, Craig Hallum cut Boot Barn from a “buy” rating to a “hold” rating and boosted their price target for the company from $154.00 to $162.00 in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and a consensus price target of $181.58.

Boot Barn Price Performance

Shares of BOOT opened at $130.22 on Wednesday. The firm has a 50 day simple moving average of $153.32 and a two-hundred day simple moving average of $147.68. The company has a market cap of $3.98 billion, a P/E ratio of 23.25, a P/E/G ratio of 1.25 and a beta of 2.10. Boot Barn Holdings, Inc. has a one year low of $82.67 and a one year high of $176.64.

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

Insiders Place Their Bets

In related news, CEO John Hazen sold 6,311 shares of Boot Barn stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total transaction of $965,456.78. Following the sale, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.