Segall Bryant & Hamill LLC Cuts Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Segall Bryant & Hamill LLC decreased its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,838 shares of the company’s stock after selling 1,084 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.26% of Boot Barn worth $12,273,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. lifted 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 valued at $26,000 after acquiring an additional 143 shares during the last quarter. Signaturefd LLC raised its position in Boot Barn by 201.8% during the fourth quarter. Signaturefd LLC now owns 166 shares of the company’s stock valued at $25,000 after purchasing an additional 111 shares during the period. 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 last quarter. R Squared Ltd purchased a new position in shares of Boot Barn in the 4th quarter worth approximately $102,000. Finally, Smartleaf Asset Management LLC increased 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 purchasing an additional 509 shares during the last quarter.

Boot Barn Price Performance

NYSE:BOOT opened at $109.95 on Wednesday. The firm has a market cap of $3.36 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.17 and a beta of 2.07. The company has a 50-day moving average of $132.85 and a 200 day moving average of $144.31. Boot Barn Holdings, Inc. has a 1-year low of $85.49 and a 1-year high of $176.64.

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

Analysts Set New Price Targets

Several research analysts have commented on BOOT shares. KeyCorp raised shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research note on Thursday, January 23rd. Craig Hallum set a $178.00 price target on shares of Boot Barn in a report on Friday, January 31st. Bank of America raised their price objective on shares of Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. BTIG Research upped their target price on Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, Piper Sandler reissued an “overweight” rating and set a $181.00 price target (up from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.92.

Insider Transactions at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of the business’s 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 owns 3,937 shares in the company, valued at $602,282.26. The trade was a 61.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.00% of the company’s stock.

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.