R Squared Ltd Invests $102,000 in Boot Barn Holdings, Inc. (NYSE:BOOT)

R Squared Ltd acquired a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 670 shares of the company’s stock, valued at approximately $102,000.

Several other large investors have also bought and sold shares of BOOT. Geode Capital Management LLC raised its stake in Boot Barn by 1.0% during the third quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock worth $113,150,000 after buying an additional 6,369 shares during the last quarter. Dale Q Rice Investment Management Ltd bought a new position in shares of Boot Barn in the 4th quarter worth about $1,544,000. Algert Global LLC lifted its stake in shares of Boot Barn by 653.9% in the 3rd quarter. Algert Global LLC now owns 23,001 shares of the company’s stock valued at $3,848,000 after purchasing an additional 19,950 shares during the period. Blueshift Asset Management LLC bought a new stake in shares of Boot Barn during the 3rd quarter valued at about $3,343,000. Finally, Victory Capital Management Inc. grew its stake in Boot Barn by 51.1% during the third quarter. Victory Capital Management Inc. now owns 14,362 shares of the company’s stock worth $2,402,000 after purchasing an additional 4,856 shares during the period.

Boot Barn Price Performance

BOOT opened at $174.78 on Friday. The firm’s fifty day moving average price is $152.95 and its two-hundred day moving average price is $146.29. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 35.10, a P/E/G ratio of 1.48 and a beta of 2.10. Boot Barn Holdings, Inc. has a 1 year low of $71.54 and a 1 year high of $176.64.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. As a group, equities analysts anticipate that Boot Barn Holdings, Inc. will post 5.8 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BOOT. Baird R W raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Citigroup dropped their target price on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Craig Hallum cut shares of Boot Barn from a “buy” rating to a “hold” rating and raised their price target for the stock from $154.00 to $162.00 in a report on Friday, October 25th. BTIG Research upped their price objective on shares of Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, Williams Trading restated a “buy” rating and issued a $173.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $173.00.

Insider Buying and Selling

In other news, CEO John Hazen sold 6,311 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total transaction of $965,456.78. Following the completion of the transaction, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at $602,282.26. This represents a 61.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

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.