Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 59.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,449 shares of the company’s stock after selling 16,517 shares during the period. Quantbot Technologies LP’s holdings in Boot Barn were worth $1,089,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BOOT. Vanguard Group Inc. boosted its position in Boot Barn by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 2,744,105 shares of the company’s stock worth $210,638,000 after acquiring an additional 35,925 shares during the period. Wellington Management Group LLP lifted its holdings in Boot Barn by 186.6% in the fourth quarter. Wellington Management Group LLP now owns 2,573,306 shares of the company’s stock worth $197,527,000 after purchasing an additional 1,675,410 shares during the period. Wasatch Advisors LP lifted its holdings in Boot Barn by 43.8% in the first quarter. Wasatch Advisors LP now owns 2,131,689 shares of the company’s stock worth $202,830,000 after purchasing an additional 649,021 shares during the period. Dimensional Fund Advisors LP grew its position in Boot Barn by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,086,810 shares of the company’s stock valued at $83,425,000 after buying an additional 16,308 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Boot Barn by 35.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 700,007 shares of the company’s stock valued at $53,733,000 after buying an additional 182,130 shares during the period.

Insider Buying and Selling at Boot Barn

In other news, insider John Hazen sold 3,563 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $113.21, for a total value of $403,367.23. Following the transaction, the insider now directly owns 1,309 shares of the company’s stock, valued at $148,191.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Boot Barn news, insider Michael A. Love sold 5,653 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $113.61, for a total value of $642,237.33. Following the completion of the sale, the insider now directly owns 2,327 shares of the company’s stock, valued at $264,370.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Hazen sold 3,563 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $113.21, for a total transaction of $403,367.23. Following the transaction, the insider now owns 1,309 shares in the company, valued at approximately $148,191.89. The disclosure for this sale can be found here. Insiders sold 11,795 shares of company stock valued at $1,329,686 in the last quarter. Company insiders own 2.20% of the company’s stock.

Boot Barn Price Performance

Shares of BOOT opened at $125.31 on Friday. The company has a 50-day moving average of $121.24 and a two-hundred day moving average of $99.48. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 26.11 and a beta of 2.09. Boot Barn Holdings, Inc. has a one year low of $66.73 and a one year high of $134.61.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.89 by $0.12. Boot Barn had a net margin of 8.82% and a return on equity of 16.84%. The business had revenue of $388.46 million during the quarter, compared to the consensus estimate of $383.67 million. Analysts anticipate that Boot Barn Holdings, Inc. will post 4.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

BOOT has been the subject of several recent analyst reports. Piper Sandler increased their price objective on shares of Boot Barn from $94.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Benchmark increased their price target on Boot Barn from $110.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, June 10th. TD Cowen boosted their price objective on Boot Barn from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Craig Hallum upped their price objective on Boot Barn from $120.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. Finally, Robert W. Baird lifted their target price on Boot Barn from $100.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $123.36.

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.