William Blair Investment Management LLC Has $53.91 Million Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)


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William Blair Investment Management LLC cut its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 31.2% in the 4th quarter, HoldingsChannel reports. The fund owned 1,243,302 shares of the company’s stock after selling 563,202 shares during the quarter. William Blair Investment Management LLC’s holdings in Boot Barn were worth $53,910,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. ProShare Advisors LLC acquired a new stake in shares of Boot Barn in the fourth quarter valued at approximately $298,000. Alliancebernstein L.P. raised its position in shares of Boot Barn by 1.5% in the fourth quarter. Alliancebernstein L.P. now owns 38,016 shares of the company’s stock valued at $1,648,000 after buying an additional 561 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Boot Barn in the fourth quarter valued at approximately $265,000. New York State Common Retirement Fund raised its position in shares of Boot Barn by 42.6% in the fourth quarter. New York State Common Retirement Fund now owns 69,248 shares of the company’s stock valued at $3,003,000 after buying an additional 20,675 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Boot Barn by 11.1% in the fourth quarter. Russell Investments Group Ltd. now owns 296,455 shares of the company’s stock valued at $12,851,000 after buying an additional 29,692 shares in the last quarter.

Shares of NYSE BOOT opened at $61.75 on Tuesday. The company has a 50 day simple moving average of $56.92 and a 200 day simple moving average of $39.65. The firm has a market cap of $1.79 billion, a PE ratio of 50.20, a price-to-earnings-growth ratio of 1.90 and a beta of 3.07. Boot Barn Holdings, Inc. has a 1 year low of $8.03 and a 1 year high of $63.84. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.36 and a quick ratio of 0.27.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Sunday, January 24th. The company reported $1.00 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.00. The business had revenue of $302.33 million during the quarter, compared to analyst estimates of $303.27 million. Boot Barn had a net margin of 4.45% and a return on equity of 10.57%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business earned $0.81 EPS. As a group, research analysts anticipate that Boot Barn Holdings, Inc. will post 1.5 earnings per share for the current fiscal year.

In other Boot Barn news, CEO James Grant Conroy sold 26,935 shares of the firm’s stock in a transaction that occurred on Wednesday, January 6th. The shares were sold at an average price of $45.00, for a total transaction of $1,212,075.00. Following the completion of the transaction, the chief executive officer now owns 31,580 shares in the company, valued at approximately $1,421,100. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Brenda I. Morris sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 5th. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,605 shares of company stock valued at $9,557,222. 1.80% of the stock is owned by company insiders.

A number of equities research analysts have recently weighed in on BOOT shares. Wells Fargo & Company lifted their price target on shares of Boot Barn from $57.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, January 26th. Craig Hallum boosted their price objective on shares of Boot Barn from $48.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, January 26th. JPMorgan Chase & Co. upgraded shares of Boot Barn from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $46.00 to $60.00 in a research report on Monday, January 11th. Zacks Investment Research upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective for the company in a research report on Wednesday, January 13th. Finally, Smith Barney Citigroup boosted their price objective on shares of Boot Barn from $30.00 to $37.00 in a research report on Thursday, October 29th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $50.46.

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.

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Institutional Ownership by Quarter for Boot Barn (NYSE:BOOT)

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