Blueshift Asset Management LLC Sells 4,549 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Blueshift Asset Management LLC decreased its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 22.8% during the 4th quarter, HoldingsChannel reports. The fund owned 15,433 shares of the company’s stock after selling 4,549 shares during the period. Boot Barn comprises approximately 0.9% of Blueshift Asset Management LLC’s portfolio, making the stock its 14th largest holding. Blueshift Asset Management LLC’s holdings in Boot Barn were worth $2,343,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp raised its holdings in Boot Barn by 4.4% during the 3rd quarter. State Street Corp now owns 1,208,345 shares of the company’s stock worth $202,132,000 after purchasing an additional 51,356 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Boot Barn by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock worth $113,150,000 after purchasing an additional 6,369 shares in the last quarter. Franklin Resources Inc. grew its stake in Boot Barn by 1.0% in the third quarter. Franklin Resources Inc. now owns 420,688 shares of the company’s stock valued at $68,004,000 after acquiring an additional 4,226 shares during the period. Charles Schwab Investment Management Inc. grew its position in Boot Barn by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 358,579 shares of the company’s stock valued at $54,439,000 after purchasing an additional 5,881 shares during the period. Finally, Jennison Associates LLC grew its holdings in shares of Boot Barn by 92.3% during the fourth quarter. Jennison Associates LLC now owns 340,550 shares of the company’s stock valued at $51,702,000 after buying an additional 163,451 shares during the last quarter.

Insider Transactions at Boot Barn

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total value of $965,456.78. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

Boot Barn Price Performance

Shares of BOOT opened at $105.21 on Thursday. The firm has a market cap of $3.22 billion, a P/E ratio of 18.79, a P/E/G ratio of 1.17 and a beta of 2.07. Boot Barn Holdings, Inc. has a 1 year low of $84.28 and a 1 year high of $176.64. The stock has a 50 day simple moving average of $136.59 and a two-hundred day simple moving average of $144.98.

Boot Barn (NYSE:BOOT) last released its earnings results 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 return on equity of 17.11% and a net margin of 9.36%. On average, equities analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Piper Sandler reaffirmed an “overweight” rating and issued a $181.00 price target (up previously from $179.00) on shares of Boot Barn in a report on Friday, January 31st. BTIG Research upped their price objective on shares of Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a report on Monday, January 13th. UBS Group cut their price target on Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Finally, Craig Hallum set a $178.00 price objective on shares of Boot Barn in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.92.

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.