Xponance Inc. Raises Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Xponance Inc. lifted its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 12.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,172 shares of the company’s stock after acquiring an additional 233 shares during the quarter. Xponance Inc.’s holdings in Boot Barn were worth $330,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in Boot Barn by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 352,698 shares of the company’s stock valued at $58,999,000 after acquiring an additional 6,335 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Boot Barn by 37.1% in the 3rd quarter. Citigroup Inc. now owns 57,870 shares of the company’s stock valued at $9,680,000 after purchasing an additional 15,673 shares in the last quarter. Cerity Partners LLC lifted its position in shares of 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 purchasing an additional 1,355 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Boot Barn by 2.0% during the third 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 purchased a new position in Boot Barn in the third quarter valued at $376,000.

Boot Barn Trading Up 0.7 %

NYSE:BOOT opened at $107.33 on Friday. Boot Barn Holdings, Inc. has a 12-month low of $91.56 and a 12-month high of $176.64. The stock’s 50 day simple moving average is $131.03 and its 200-day simple moving average is $143.79. The firm 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 announced its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) 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%. Research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price target on Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a 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 for the company in a research note on Thursday, January 23rd. Bank of America increased their price target on shares of Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. BTIG Research boosted their price objective on shares of Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, Craig Hallum set a $178.00 target price on shares of Boot Barn in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.92.

Insider Activity at Boot Barn

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the firm’s stock in a transaction on 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 owns 3,937 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

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.