Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC cut its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 10.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,437 shares of the company’s stock after selling 2,340 shares during the period. Boot Barn accounts for 1.5% of Taylor Frigon Capital Management LLC’s holdings, making the stock its 20th biggest holding. Taylor Frigon Capital Management LLC’s holdings in Boot Barn were worth $2,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in shares of Boot Barn by 1.0% during the third quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock valued at $113,150,000 after purchasing an additional 6,369 shares during the period. Dale Q Rice Investment Management Ltd acquired a new position in shares of Boot Barn during the fourth quarter valued at $1,544,000. Algert Global LLC increased its holdings in shares of Boot Barn by 653.9% during the third quarter. Algert Global LLC now owns 23,001 shares of the company’s stock valued at $3,848,000 after purchasing an additional 19,950 shares during the period. Blueshift Asset Management LLC acquired a new position in Boot Barn during the third quarter worth about $3,343,000. Finally, Stephens Investment Management Group LLC acquired a new position in Boot Barn during the fourth quarter worth about $46,699,000.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. BTIG Research lifted their target price on Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, January 13th. KeyCorp raised 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. Bank of America lifted their target price on Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Robert W. Baird set a $190.00 target price on Boot Barn in a report on Friday, January 31st. Finally, StockNews.com lowered Boot Barn from a “hold” rating to a “sell” rating in a report on Monday, February 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $184.83.

Boot Barn Stock Up 3.1 %

NYSE:BOOT opened at $129.82 on Thursday. Boot Barn Holdings, Inc. has a 1-year low of $82.67 and a 1-year high of $176.64. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of 1.17 and a beta of 2.10. The stock has a fifty day simple moving average of $149.94 and a 200 day simple moving average of $148.04.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. Equities analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Insiders Place Their Bets

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total transaction of $965,456.78. Following the completion of the sale, the chief executive officer now directly owns 3,937 shares in the company, valued at approximately $602,282.26. This trade represents a 61.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

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.