Loomis Sayles & Co. L P Has $47.70 Million Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Loomis Sayles & Co. L P cut its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 32.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 314,197 shares of the company’s stock after selling 152,028 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Boot Barn were worth $47,701,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Boot Barn by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 352,698 shares of the company’s stock worth $58,999,000 after buying an additional 6,335 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of Boot Barn by 37.1% during the 3rd quarter. Citigroup Inc. now owns 57,870 shares of the company’s stock valued at $9,680,000 after acquiring an additional 15,673 shares in the last quarter. Cerity Partners LLC grew its position in Boot Barn by 85.0% during the 3rd quarter. Cerity Partners LLC now owns 2,949 shares of the company’s stock worth $493,000 after acquiring an additional 1,355 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Boot Barn by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,192 shares of the company’s stock worth $701,000 after purchasing an additional 83 shares in the last quarter. Finally, Cynosure Group LLC bought a new position in Boot Barn in the third quarter valued at about $376,000.

Insider Activity

In other news, CEO John Hazen sold 6,311 shares of the business’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 transaction of $965,456.78. Following the completion of the sale, the chief executive officer now owns 3,937 shares in the company, valued at $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

Boot Barn Stock Performance

Shares of BOOT stock opened at $107.33 on Friday. Boot Barn Holdings, Inc. has a fifty-two week low of $91.56 and a fifty-two week high of $176.64. The stock has a 50 day simple moving average of $131.03 and a two-hundred day simple moving average of $143.79. The company has a market cap of $3.28 billion, a P/E ratio of 19.17, a PEG ratio of 1.17 and a beta of 2.07.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. On average, research analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Craig Hallum set a $178.00 price target on Boot Barn in a report on Friday, January 31st. StockNews.com lowered shares of Boot Barn from a “hold” rating to a “sell” rating in a report on Monday, February 17th. JPMorgan Chase & Co. raised their price target on shares of Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Piper Sandler reissued an “overweight” rating and issued a $181.00 price objective (up previously from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. Finally, KeyCorp raised Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $181.92.

Boot Barn 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.