Sit Investment Associates Inc. Has $1.83 Million Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

Sit Investment Associates Inc. trimmed its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 21.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 12,055 shares of the company’s stock after selling 3,205 shares during the quarter. Sit Investment Associates Inc.’s holdings in Boot Barn were worth $1,830,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. boosted its position in Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock valued at $26,000 after buying an additional 143 shares in the last quarter. Signaturefd LLC raised its stake in Boot Barn by 201.8% during the fourth quarter. Signaturefd LLC now owns 166 shares of the company’s stock worth $25,000 after buying an additional 111 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Boot Barn by 45.2% in the 4th quarter. Assetmark Inc. now owns 363 shares of the company’s stock valued at $55,000 after purchasing an additional 113 shares during the period. R Squared Ltd acquired a new position in Boot Barn in the fourth quarter valued at approximately $102,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Boot Barn by 212.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 749 shares of the company’s stock valued at $115,000 after acquiring an additional 509 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BOOT. StockNews.com lowered Boot Barn from a “hold” rating to a “sell” rating in a report on Monday, February 17th. Craig Hallum set a $178.00 price objective on shares of Boot Barn in a research report on Friday, January 31st. KeyCorp upgraded Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research note on Thursday, January 23rd. Piper Sandler restated an “overweight” rating and set a $181.00 price target (up previously from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. Finally, Robert W. Baird lowered their price objective on Boot Barn from $190.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.92.

Boot Barn Price Performance

BOOT stock opened at $97.83 on Monday. The firm has a 50 day simple moving average of $124.04 and a two-hundred day simple moving average of $141.70. The stock has a market cap of $2.99 billion, a PE ratio of 17.47, a P/E/G ratio of 1.17 and a beta of 1.75. Boot Barn Holdings, Inc. has a one year low of $89.84 and a one year high of $176.64.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 EPS for the current fiscal year.

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.