Schechter Investment Advisors LLC Sells 1,727 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Schechter Investment Advisors LLC decreased its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 14.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,624 shares of the company’s stock after selling 1,727 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Boot Barn were worth $1,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of Boot Barn by 1,430.0% in the 4th quarter. Blue Trust Inc. now owns 153 shares of the company’s stock worth $26,000 after purchasing an additional 143 shares during the period. R Squared Ltd purchased a new position in shares of Boot Barn in the 4th quarter worth approximately $102,000. Smartleaf Asset Management LLC boosted its holdings in shares of Boot Barn by 212.1% in 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 period. KBC Group NV boosted its holdings in shares of Boot Barn by 23.3% in the 3rd quarter. KBC Group NV now owns 951 shares of the company’s stock worth $159,000 after purchasing an additional 180 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Boot Barn by 13.9% in the 4th quarter. First Horizon Advisors Inc. now owns 1,095 shares of the company’s stock worth $166,000 after purchasing an additional 134 shares during the period.

Boot Barn Stock Down 6.3 %

Shares of NYSE BOOT opened at $114.71 on Tuesday. The firm has a market cap of $3.51 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 1.17 and a beta of 2.10. Boot Barn Holdings, Inc. has a twelve month low of $82.67 and a twelve month high of $176.64. The business has a fifty day simple moving average of $148.26 and a two-hundred day simple moving average of $147.77.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results 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%. On average, research analysts expect that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Insider Transactions at Boot Barn

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the stock in a transaction dated 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 approximately $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. StockNews.com cut Boot Barn from a “hold” rating to a “sell” rating in a report on Monday, February 17th. UBS Group dropped their price objective on Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a report on Monday, February 3rd. BTIG Research boosted their price objective on Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a report on Monday, January 13th. Piper Sandler restated an “overweight” rating and set a $181.00 price objective (up previously from $179.00) on shares of Boot Barn in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their price objective on Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.