Westwood Holdings Group Inc. Increases Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Westwood Holdings Group Inc. lifted its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 29.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 545,644 shares of the company’s stock after buying an additional 124,060 shares during the period. Westwood Holdings Group Inc. owned about 1.79% of Boot Barn worth $51,918,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in Boot Barn by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 2,744,105 shares of the company’s stock worth $210,638,000 after acquiring an additional 35,925 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Boot Barn by 186.6% in the 4th quarter. Wellington Management Group LLP now owns 2,573,306 shares of the company’s stock valued at $197,527,000 after purchasing an additional 1,675,410 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of Boot Barn by 43.8% in the 1st quarter. Wasatch Advisors LP now owns 2,131,689 shares of the company’s stock valued at $202,830,000 after purchasing an additional 649,021 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Boot Barn by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,086,810 shares of the company’s stock valued at $83,425,000 after purchasing an additional 16,308 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Boot Barn by 35.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 700,007 shares of the company’s stock worth $53,733,000 after buying an additional 182,130 shares in the last quarter.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, insider Michael A. Love sold 5,653 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $113.61, for a total transaction of $642,237.33. Following the transaction, the insider now owns 2,327 shares of the company’s stock, valued at $264,370.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Boot Barn news, insider Michael A. Love sold 5,653 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $113.61, for a total transaction of $642,237.33. Following the completion of the sale, the insider now directly owns 2,327 shares in the company, valued at $264,370.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brenda I. Morris sold 1,500 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $110.11, for a total value of $165,165.00. Following the completion of the transaction, the director now owns 4,546 shares in the company, valued at $500,560.06. The disclosure for this sale can be found here. Insiders sold 11,795 shares of company stock worth $1,329,686 in the last 90 days. 2.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BOOT shares. Piper Sandler lifted their price target on shares of Boot Barn from $94.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. BTIG Research boosted their target price on Boot Barn from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Benchmark raised their price target on Boot Barn from $110.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Citigroup lifted their price target on Boot Barn from $122.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Craig Hallum increased their price objective on shares of Boot Barn from $120.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Boot Barn presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.09.

Boot Barn Stock Down 7.4 %

Shares of BOOT traded down $9.39 on Friday, hitting $118.14. 1,242,297 shares of the stock traded hands, compared to its average volume of 721,504. The firm has a market capitalization of $3.60 billion, a P/E ratio of 24.62 and a beta of 2.09. Boot Barn Holdings, Inc. has a 1 year low of $66.73 and a 1 year high of $137.48. The stock’s 50 day moving average is $126.10 and its two-hundred day moving average is $104.59.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. The company had revenue of $388.46 million for the quarter, compared to analyst estimates of $383.67 million. Boot Barn had a return on equity of 16.84% and a net margin of 8.82%. Research analysts forecast that Boot Barn Holdings, Inc. will post 5.03 EPS for the current 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.