Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Bought by Keybank National Association OH

Keybank National Association OH raised its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 183.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,148 shares of the company’s stock after acquiring an additional 3,332 shares during the period. Keybank National Association OH’s holdings in Boot Barn were worth $782,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of Boot Barn by 1,430.0% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the company’s stock valued at $26,000 after buying an additional 143 shares during the period. R Squared Ltd purchased a new stake in shares of Boot Barn during the 4th quarter valued at $102,000. Smartleaf Asset Management LLC grew its stake in shares of Boot Barn by 212.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 749 shares of the company’s stock valued at $115,000 after buying an additional 509 shares during the period. KBC Group NV grew its stake in shares of Boot Barn by 23.3% during the 3rd quarter. KBC Group NV now owns 951 shares of the company’s stock valued at $159,000 after buying an additional 180 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in shares of Boot Barn by 13.9% during the 4th quarter. First Horizon Advisors Inc. now owns 1,095 shares of the company’s stock valued at $166,000 after buying an additional 134 shares during the period.

Analysts Set New Price Targets

Several analysts have recently issued reports on BOOT shares. Piper Sandler reissued an “overweight” rating and set a $181.00 price objective (up from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. KeyCorp raised shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research report on Thursday, January 23rd. Bank of America upped their price target on shares of Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. JPMorgan Chase & Co. upped their price target on shares of Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, UBS Group decreased their price target on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a research 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $181.92.

Boot Barn Price Performance

NYSE:BOOT opened at $108.61 on Friday. The firm has a 50-day moving average of $145.09 and a two-hundred day moving average of $147.02. The stock has a market cap of $3.32 billion, a P/E ratio of 19.39, a PEG ratio of 1.17 and a beta of 2.07. Boot Barn Holdings, Inc. has a 1-year low of $82.67 and a 1-year high of $176.64.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates 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, equities analysts expect that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Insider Activity

In other news, CEO John Hazen sold 6,311 shares of the company’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 sale, the chief executive officer now owns 3,937 shares in the company, valued at approximately $602,282.26. This represents a 61.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company 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.