Swiss National Bank Acquires 700 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Swiss National Bank increased its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,000 shares of the company’s stock after buying an additional 700 shares during the quarter. Swiss National Bank owned 0.20% of Boot Barn worth $9,109,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. boosted its position in Boot Barn by 1,430.0% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock valued at $26,000 after purchasing an additional 143 shares during the last quarter. Assetmark Inc. lifted its holdings in Boot Barn by 45.2% during the 4th quarter. Assetmark Inc. now owns 363 shares of the company’s stock worth $55,000 after purchasing an additional 113 shares during the last quarter. R Squared Ltd acquired a new stake in Boot Barn during the 4th quarter worth approximately $102,000. Smartleaf Asset Management LLC lifted its holdings in Boot Barn by 212.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 749 shares of the company’s stock worth $115,000 after purchasing an additional 509 shares during the last quarter. Finally, AlphaQuest LLC bought a new position in Boot Barn during the 4th quarter worth $162,000.

Insider Activity at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of the company’s stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by company insiders.

Boot Barn Stock Performance

Shares of BOOT opened at $104.64 on Friday. The stock has a 50 day moving average price of $134.51 and a two-hundred day moving average price of $144.52. The firm has a market capitalization of $3.20 billion, a P/E ratio of 18.68, a P/E/G ratio of 1.17 and a beta of 2.07. Boot Barn Holdings, Inc. has a 52 week low of $84.28 and a 52 week high of $176.64.

Boot Barn (NYSE:BOOT) last released its 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 return on equity of 17.11% and a net margin of 9.36%. On average, equities analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BOOT. Robert W. Baird lowered their price objective on 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 price objective on Boot Barn in a report on Friday, January 31st. Bank of America lifted their target price on Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. JPMorgan Chase & Co. lifted their target price on Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Piper Sandler reissued an “overweight” rating and issued a $181.00 price objective (up from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.