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

Congress Wealth Management LLC DE cut its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 12.2% in the 4th quarter, Holdings Channel reports. The firm owned 68,998 shares of the company’s stock after selling 9,582 shares during the period. Congress Wealth Management LLC DE’s holdings in Boot Barn were worth $10,475,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Signaturefd LLC grew its holdings in shares of Boot Barn by 201.8% during the 4th quarter. Signaturefd LLC now owns 166 shares of the company’s stock valued at $25,000 after purchasing an additional 111 shares during the last quarter. Blue Trust Inc. boosted its position in Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock valued at $26,000 after buying an additional 143 shares in the last quarter. Assetmark Inc. grew its stake in shares of Boot Barn by 45.2% during the fourth quarter. Assetmark Inc. now owns 363 shares of the company’s stock worth $55,000 after buying an additional 113 shares during the last quarter. R Squared Ltd acquired a new position in shares of Boot Barn during the fourth quarter worth $102,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Boot Barn by 212.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 749 shares of the company’s stock valued at $115,000 after acquiring an additional 509 shares during the last quarter.

Insider Transactions at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of the stock in a transaction 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 directly owns 3,937 shares of the company’s stock, valued at $602,282.26. This represents a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on BOOT. JPMorgan Chase & Co. boosted their price objective on Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Piper Sandler reaffirmed an “overweight” rating and issued a $181.00 price objective (up previously from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. UBS Group dropped their price objective on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a report on Monday, February 3rd. KeyCorp raised shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Thursday, January 23rd. Finally, Craig Hallum set a $178.00 price target on shares of Boot Barn in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.92.

Boot Barn Trading Up 7.7 %

Shares of BOOT opened at $112.75 on Tuesday. The firm’s fifty day simple moving average is $133.66 and its two-hundred day simple moving average is $144.49. Boot Barn Holdings, Inc. has a 12 month low of $84.83 and a 12 month high of $176.64. The stock has a market capitalization 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.

Boot Barn (NYSE:BOOT) last announced its earnings results on Thursday, January 30th. The company reported $2.43 EPS for the quarter, beating 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, research analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

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.