Stephens Investment Management Group LLC decreased its stake in shares of Boot Barn Holdings Inc (NYSE:BOOT) by 35.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 361,142 shares of the company’s stock after selling 202,267 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Boot Barn were worth $12,871,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of BOOT. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Boot Barn by 43.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,568 shares of the company’s stock valued at $56,000 after purchasing an additional 476 shares during the last quarter. Quantamental Technologies LLC lifted its position in Boot Barn by 407.4% during the first quarter. Quantamental Technologies LLC now owns 2,740 shares of the company’s stock valued at $81,000 after purchasing an additional 2,200 shares during the last quarter. Legal & General Group Plc lifted its position in Boot Barn by 7.8% during the fourth quarter. Legal & General Group Plc now owns 5,058 shares of the company’s stock valued at $86,000 after purchasing an additional 368 shares during the last quarter. Aperio Group LLC bought a new position in Boot Barn during the second quarter valued at $100,000. Finally, Metropolitan Life Insurance Co. NY lifted its position in Boot Barn by 356.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,136 shares of the company’s stock valued at $156,000 after purchasing an additional 7,135 shares during the last quarter.
BOOT has been the subject of several research reports. Wells Fargo & Co set a $30.00 price objective on shares of Boot Barn and gave the company a “hold” rating in a research report on Friday, May 17th. ValuEngine lowered shares of Boot Barn from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Robert W. Baird lowered shares of Boot Barn from an “outperform” rating to a “neutral” rating and set a $36.00 price objective for the company. in a research report on Monday, July 8th. Zacks Investment Research upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective for the company in a research report on Wednesday, July 17th. Finally, Pivotal Research reiterated a “hold” rating and set a $35.00 price objective (up previously from $31.00) on shares of Boot Barn in a research report on Thursday, August 1st. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Boot Barn currently has an average rating of “Buy” and an average target price of $35.10.
In related news, CEO James Grant Conroy sold 81,224 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $33.00, for a total value of $2,680,392.00. Following the transaction, the chief executive officer now owns 25,868 shares of the company’s stock, valued at approximately $853,644. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.70% of the company’s stock.
Shares of BOOT traded up $0.38 during midday trading on Friday, hitting $29.59. The stock had a trading volume of 6,680 shares, compared to its average volume of 855,935. Boot Barn Holdings Inc has a 1 year low of $15.01 and a 1 year high of $39.59. The firm has a market cap of $845.71 million, a PE ratio of 23.78, a price-to-earnings-growth ratio of 1.10 and a beta of 2.37. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.14 and a quick ratio of 0.16. The stock’s 50 day moving average is $33.02 and its 200 day moving average is $29.94.
Boot Barn (NYSE:BOOT) last announced its earnings results on Wednesday, July 31st. The company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.11. Boot Barn had a net margin of 5.24% and a return on equity of 15.99%. The business had revenue of $185.77 million for the quarter, compared to the consensus estimate of $179.98 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, equities research analysts expect that Boot Barn Holdings Inc will post 1.66 earnings per share for the current fiscal year.
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.
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