First Horizon Advisors Inc. Purchases 134 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

First Horizon Advisors Inc. raised its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 13.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,095 shares of the company’s stock after buying an additional 134 shares during the period. First Horizon Advisors Inc.’s holdings in Boot Barn were worth $166,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Creative Planning boosted its holdings in shares of Boot Barn by 41.4% during the third quarter. Creative Planning now owns 8,422 shares of the company’s stock worth $1,409,000 after purchasing an additional 2,466 shares during the period. GHP Investment Advisors Inc. bought a new position in Boot Barn during the 3rd quarter valued at approximately $25,000. Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in Boot Barn in the 3rd quarter worth approximately $408,000. James Investment Research Inc. lifted its holdings in Boot Barn by 10.4% in the 3rd quarter. James Investment Research Inc. now owns 12,274 shares of the company’s stock worth $2,053,000 after buying an additional 1,153 shares during the period. Finally, Portside Wealth Group LLC bought a new stake in shares of Boot Barn in the 3rd quarter worth approximately $383,000.

Insider Buying and Selling

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

Boot Barn Stock Down 1.9 %

NYSE:BOOT opened at $125.92 on Wednesday. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 1.17 and a beta of 2.10. The company’s 50 day moving average price is $150.26 and its 200-day moving average price is $148.17. Boot Barn Holdings, Inc. has a 52 week low of $82.67 and a 52 week high of $176.64.

Boot Barn (NYSE:BOOT) last issued 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 return on equity of 17.11% and a net margin of 9.36%. As a group, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on BOOT shares. 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 report on Friday, January 31st. Williams Trading restated a “buy” rating and issued a $173.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. Bank of America lifted their target price on shares of Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. BTIG Research boosted 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. Finally, Benchmark restated a “buy” rating and issued a $192.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.83.

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.