Amundi Buys 26,237 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Amundi raised its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 1,496.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 27,990 shares of the company’s stock after acquiring an additional 26,237 shares during the period. Amundi’s holdings in Boot Barn were worth $4,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Crossmark Global Holdings Inc. lifted its stake in shares of Boot Barn by 3.7% in the third quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company’s stock valued at $382,000 after buying an additional 82 shares during the period. Victory Capital Management Inc. raised its holdings in Boot Barn by 51.1% in the 3rd quarter. Victory Capital Management Inc. now owns 14,362 shares of the company’s stock valued at $2,402,000 after acquiring an additional 4,856 shares in the last quarter. KBC Group NV lifted its position in shares of Boot Barn by 23.3% in the 3rd quarter. KBC Group NV now owns 951 shares of the company’s stock worth $159,000 after acquiring an additional 180 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Boot Barn by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company’s stock worth $82,895,000 after purchasing an additional 1,834 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Boot Barn during the third quarter valued at approximately $5,931,000.

Analysts Set New Price Targets

BOOT has been the topic of several analyst reports. BTIG Research boosted their price target on shares of Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a report on Monday, January 13th. Piper Sandler reissued an “overweight” rating and issued a $181.00 price target (up previously from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. StockNews.com downgraded Boot Barn from a “hold” rating to a “sell” rating in a report on Monday, February 17th. JPMorgan Chase & Co. increased 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. Finally, Bank of America upped their price target on Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $181.92.

Insider Activity

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 transaction, the chief executive officer now owns 3,937 shares of the company’s stock, valued at $602,282.26. This trade represents a 61.58 % decrease in their position. The transaction was disclosed in a legal filing 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 Stock Up 0.6 %

Boot Barn stock opened at $101.55 on Friday. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 18.13, a P/E/G ratio of 1.17 and a beta of 2.07. Boot Barn Holdings, Inc. has a 12-month low of $82.67 and a 12-month high of $176.64. The business’s 50-day simple moving average is $139.92 and its 200 day simple moving average is $145.66.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. As a group, sell-side analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

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.