1620 Investment Advisors Inc. Has $68,000 Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

1620 Investment Advisors Inc. reduced its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 30.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 445 shares of the company’s stock after selling 194 shares during the quarter. 1620 Investment Advisors Inc.’s holdings in Boot Barn were worth $68,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in Boot Barn by 201.8% in the fourth quarter. Signaturefd LLC now owns 166 shares of the company’s stock valued at $25,000 after acquiring an additional 111 shares during the last quarter. Blue Trust Inc. lifted its stake in Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock valued at $26,000 after acquiring an additional 143 shares during the last quarter. Assetmark Inc. lifted its stake in Boot Barn by 45.2% in the fourth quarter. Assetmark Inc. now owns 363 shares of the company’s stock valued at $55,000 after acquiring an additional 113 shares during the last quarter. R Squared Ltd acquired a new stake in Boot Barn in the fourth quarter valued at approximately $102,000. Finally, Smartleaf Asset Management LLC lifted its stake in Boot Barn by 212.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 749 shares of the company’s stock valued at $115,000 after acquiring an additional 509 shares during the last quarter.

Analyst Upgrades and Downgrades

BOOT has been the subject of a number of analyst reports. Robert W. Baird reduced their target price on shares of Boot Barn from $190.00 to $155.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. BTIG Research lifted their price target on shares of Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Piper Sandler reissued an “overweight” rating and issued a $181.00 price target (up previously from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. Craig Hallum set a $178.00 price target on shares of Boot Barn in a research report on Friday, January 31st. Finally, UBS Group dropped their price target on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boot Barn has an average rating of “Moderate Buy” and a consensus price target of $181.92.

Boot Barn Trading Down 2.5 %

Shares of BOOT stock opened at $104.64 on Friday. The firm has a market capitalization of $3.20 billion, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 1.17 and a beta of 2.07. The firm’s fifty day simple moving average is $134.51 and its 200 day simple moving average is $144.52. Boot Barn Holdings, Inc. has a 1 year low of $84.28 and a 1 year high of $176.64.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total value of $965,456.78. Following the sale, the chief executive officer now owns 3,937 shares of the company’s stock, valued at $602,282.26. The trade was a 61.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

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.