Artemis Investment Management LLP Purchases Shares of 239,500 Boot Barn Holdings, Inc. (NYSE:BOOT)

Artemis Investment Management LLP bought a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 239,500 shares of the company’s stock, valued at approximately $36,361,000. Artemis Investment Management LLP owned about 0.78% of Boot Barn at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. GHP Investment Advisors Inc. bought a new stake in Boot Barn in the third quarter valued at approximately $25,000. Canada Pension Plan Investment Board bought a new stake in Boot Barn during the 2nd quarter valued at $64,000. GAMMA Investing LLC boosted its position in Boot Barn by 100.8% during the 3rd quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock valued at $89,000 after buying an additional 268 shares during the period. USA Financial Formulas bought a new stake in Boot Barn in the 3rd quarter worth $92,000. Finally, KBC Group NV grew its holdings in Boot Barn by 23.3% in the 3rd quarter. KBC Group NV now owns 951 shares of the company’s stock worth $159,000 after acquiring an additional 180 shares during the last quarter.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 3,937 shares in the company, valued at approximately $602,282.26. This trade represents a 61.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

BOOT has been the topic of a number of research analyst reports. Bank of America boosted their price target on Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a report on Wednesday. Benchmark reissued a “buy” rating and set a $192.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. JPMorgan Chase & Co. raised their price target on Boot Barn from $181.00 to $188.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Baird R W raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $179.00 target price on shares of Boot Barn in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Boot Barn currently has a consensus rating of “Moderate Buy” and an average target price of $171.58.

Boot Barn Stock Up 4.6 %

Shares of BOOT opened at $160.28 on Friday. The stock has a market cap of $4.89 billion, a P/E ratio of 32.19, a P/E/G ratio of 1.59 and a beta of 2.10. The business’s 50 day moving average price is $146.85 and its 200-day moving average price is $143.83. Boot Barn Holdings, Inc. has a 52 week low of $69.35 and a 52 week high of $169.83.

Boot Barn (NYSE:BOOT) last released its earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.93 by $0.02. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The business had revenue of $425.80 million for the quarter, compared to the consensus estimate of $424.42 million. During the same period in the previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, equities analysts anticipate that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.

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.