Stephens Investment Management Group LLC Takes $46.70 Million Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Stephens Investment Management Group LLC bought a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) during the 4th quarter, HoldingsChannel.com reports. The fund bought 307,592 shares of the company’s stock, valued at approximately $46,699,000.

A number of other large investors have also bought and sold shares of the stock. GHP Investment Advisors Inc. bought a new position in shares of Boot Barn during the 3rd quarter worth about $25,000. Blue Trust Inc. boosted its holdings in Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock worth $26,000 after acquiring an additional 143 shares in the last quarter. GAMMA Investing LLC grew its stake in Boot Barn by 100.8% in the third quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock valued at $89,000 after acquiring an additional 268 shares during the period. R Squared Ltd bought a new stake in shares of Boot Barn during the fourth quarter valued at approximately $102,000. Finally, KBC Group NV raised its position in shares of Boot Barn by 23.3% during the third quarter. KBC Group NV now owns 951 shares of the company’s stock worth $159,000 after purchasing an additional 180 shares during the period.

Boot Barn Price Performance

Shares of Boot Barn stock opened at $139.94 on Friday. The stock has a fifty day moving average price of $153.82 and a 200-day moving average price of $147.36. The firm has a market cap of $4.28 billion, a PE ratio of 24.99, a P/E/G ratio of 1.25 and a beta of 2.10. Boot Barn Holdings, Inc. has a 1 year low of $82.67 and a 1 year high of $176.64.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on BOOT. Benchmark restated a “buy” rating and set a $192.00 price target on shares of Boot Barn in a research note on Tuesday, October 29th. UBS Group decreased their target price on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Citigroup dropped their price target on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Robert W. Baird raised Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price objective for the company in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their target price on Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and a consensus target price of $181.58.

Insider Buying and Selling at Boot Barn

In other 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 transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.

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.