Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 21.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,724 shares of the company’s stock after purchasing an additional 3,162 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Boot Barn were worth $2,691,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. State Street Corp increased its holdings in Boot Barn by 4.4% in the third quarter. State Street Corp now owns 1,208,345 shares of the company’s stock valued at $202,132,000 after buying an additional 51,356 shares in the last quarter. Geode Capital Management LLC grew its stake in Boot Barn by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock valued at $113,150,000 after acquiring an additional 6,369 shares during the last quarter. American Century Companies Inc. grew its position in shares of Boot Barn by 22.8% in the fourth quarter. American Century Companies Inc. now owns 493,977 shares of the company’s stock valued at $74,996,000 after purchasing an additional 91,705 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Boot Barn by 1.0% during the 3rd quarter. Franklin Resources Inc. now owns 420,688 shares of the company’s stock worth $68,004,000 after purchasing an additional 4,226 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Boot Barn by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 358,579 shares of the company’s stock valued at $54,439,000 after buying an additional 5,881 shares in the last quarter.

Insider Transactions at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of Boot Barn stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total transaction of $965,456.78. Following the sale, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Boot Barn Stock Performance

NYSE BOOT opened at $104.64 on Friday. The company’s 50 day moving average price is $134.51 and its 200 day moving average price is $144.58. Boot Barn Holdings, Inc. has a one year low of $84.83 and a one year high of $176.64. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.17 and a beta of 2.07.

Boot Barn (NYSE:BOOT) last announced its earnings results on Thursday, January 30th. The company reported $2.43 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%. Sell-side analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BOOT shares. KeyCorp raised Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price target for the company in a report on Thursday, January 23rd. Robert W. Baird reduced their target price on shares of Boot Barn from $190.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, March 5th. Craig Hallum set a $178.00 price target on shares of Boot Barn in a report on Friday, January 31st. Piper Sandler reissued an “overweight” rating and set a $181.00 price objective (up previously from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. Finally, BTIG Research raised their price objective on Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.