Phocas Financial Corp. Purchases 1,102 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Phocas Financial Corp. grew its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,202 shares of the company’s stock after purchasing an additional 1,102 shares during the quarter. Phocas Financial Corp.’s holdings in Boot Barn were worth $3,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of BOOT. Wellington Management Group LLP lifted its holdings in shares of Boot Barn by 150.4% in the third quarter. Wellington Management Group LLP now owns 897,896 shares of the company’s stock worth $72,900,000 after buying an additional 539,296 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Boot Barn by 107.0% during the first quarter. Ameriprise Financial Inc. now owns 662,669 shares of the company’s stock valued at $50,787,000 after purchasing an additional 342,539 shares in the last quarter. American Century Companies Inc. purchased a new stake in Boot Barn during the third quarter valued at $23,028,000. Goldman Sachs Group Inc. raised its stake in Boot Barn by 191.4% during the second quarter. Goldman Sachs Group Inc. now owns 326,859 shares of the company’s stock valued at $22,524,000 after purchasing an additional 214,704 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in Boot Barn by 52.1% during the third quarter. Jennison Associates LLC now owns 471,873 shares of the company’s stock valued at $38,311,000 after purchasing an additional 161,585 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Piper Sandler decreased their price target on shares of Boot Barn from $99.00 to $94.00 and set an “overweight” rating on the stock in a research note on Thursday, February 1st. B. Riley decreased their price target on shares of Boot Barn from $92.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. StockNews.com downgraded shares of Boot Barn from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. BTIG Research reduced their target price on shares of Boot Barn from $102.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Finally, KeyCorp began coverage on shares of Boot Barn in a research note on Wednesday, February 7th. They issued a “sector weight” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Boot Barn presently has an average rating of “Moderate Buy” and a consensus price target of $103.78.

Insiders Place Their Bets

In other Boot Barn news, Director Gene Eddie Burt sold 1,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $85.03, for a total transaction of $85,030.00. Following the transaction, the director now directly owns 1,542 shares in the company, valued at approximately $131,116.26. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Boot Barn news, Director Gene Eddie Burt sold 1,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $85.03, for a total transaction of $85,030.00. Following the completion of the sale, the director now directly owns 1,542 shares of the company’s stock, valued at $131,116.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Laurie Marie Grijalva sold 5,861 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $90.31, for a total transaction of $529,306.91. Following the sale, the insider now directly owns 5,861 shares of the company’s stock, valued at $529,306.91. The disclosure for this sale can be found here. Insiders have sold a total of 26,339 shares of company stock worth $2,413,715 in the last three months. Corporate insiders own 2.20% of the company’s stock.

Boot Barn Trading Down 1.3 %

NYSE BOOT opened at $99.18 on Monday. The company’s 50-day moving average price is $90.60 and its 200-day moving average price is $80.42. The stock has a market cap of $3.01 billion, a PE ratio of 18.47 and a beta of 2.19. Boot Barn Holdings, Inc. has a 12 month low of $64.33 and a 12 month high of $104.91.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.01. The firm had revenue of $520.40 million for the quarter, compared to analysts’ expectations of $520.34 million. Boot Barn had a net margin of 9.62% and a return on equity of 19.52%. As a group, sell-side analysts forecast that Boot Barn Holdings, Inc. will post 4.72 earnings per share for the current year.

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.