American Century Companies Inc. Acquires 91,705 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

American Century Companies Inc. lifted its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 22.8% during the 4th quarter, HoldingsChannel reports. The fund owned 493,977 shares of the company’s stock after acquiring an additional 91,705 shares during the quarter. American Century Companies Inc.’s holdings in Boot Barn were worth $74,996,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Boot Barn by 3.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 47,539 shares of the company’s stock worth $7,217,000 after purchasing an additional 1,786 shares during the period. Whittier Trust Co. increased its stake in Boot Barn by 4.0% during the 4th quarter. Whittier Trust Co. now owns 98,016 shares of the company’s stock worth $14,881,000 after acquiring an additional 3,758 shares during the period. Teacher Retirement System of Texas raised its holdings in Boot Barn by 83.1% in the 4th quarter. Teacher Retirement System of Texas now owns 22,141 shares of the company’s stock valued at $3,361,000 after acquiring an additional 10,048 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Boot Barn during the 4th quarter valued at $401,000. Finally, Xponance Inc. grew its holdings in shares of Boot Barn by 12.0% during the 4th quarter. Xponance Inc. now owns 2,172 shares of the company’s stock worth $330,000 after purchasing an additional 233 shares in the last quarter.

Boot Barn Trading Up 7.7 %

Shares of BOOT stock opened at $112.75 on Tuesday. Boot Barn Holdings, Inc. has a 1-year low of $84.83 and a 1-year high of $176.64. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 1.17 and a beta of 2.07. The stock has a 50-day moving average of $133.66 and a 200-day moving average of $144.49.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (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%. Sell-side analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Insider Activity at Boot Barn

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BOOT. 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 research note on Friday, January 31st. UBS Group cut their price target on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Robert W. Baird decreased their price objective on shares of Boot Barn from $190.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 5th. Craig Hallum set a $178.00 target price on Boot Barn in a research note on Friday, January 31st. Finally, BTIG Research raised their target price on Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $181.92.

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.