2,644 Shares in Boot Barn Holdings, Inc. (NYSE:BOOT) Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd purchased a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,644 shares of the company’s stock, valued at approximately $401,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BOOT. Stephens Investment Management Group LLC acquired a new position in shares of Boot Barn in the 4th quarter valued at approximately $46,699,000. Proficio Capital Partners LLC acquired a new position in shares of Boot Barn in the 4th quarter valued at approximately $45,177,000. Raymond James Financial Inc. acquired a new position in shares of Boot Barn in the 4th quarter valued at approximately $42,440,000. Artemis Investment Management LLP acquired a new position in shares of Boot Barn in the 4th quarter valued at approximately $36,361,000. Finally, TimesSquare Capital Management LLC raised its position in shares of Boot Barn by 134.5% in the 4th quarter. TimesSquare Capital Management LLC now owns 289,641 shares of the company’s stock valued at $43,973,000 after purchasing an additional 166,121 shares in the last quarter.

Boot Barn Price Performance

BOOT opened at $104.64 on Friday. Boot Barn Holdings, Inc. has a fifty-two week low of $84.28 and a fifty-two week high of $176.64. The business has a 50-day moving average of $134.51 and a 200-day moving average of $144.52. The company has a market capitalization of $3.20 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 1.17 and a beta of 2.07.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share 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%. On average, equities research analysts expect that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BOOT has been the topic of a number of recent analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $181.00 target price (up from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their target price on Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Robert W. Baird dropped their price target on Boot Barn from $190.00 to $155.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. KeyCorp raised Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research report on Thursday, January 23rd. Finally, StockNews.com lowered Boot Barn from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $181.92.

Insider Activity

In other news, CEO John Hazen sold 6,311 shares of the 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 transaction, the chief executive officer now owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. This represents a 61.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.00% of the stock is currently owned by insiders.

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.