Whittier Trust Co. Acquires 3,758 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Whittier Trust Co. lifted its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 4.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 98,016 shares of the company’s stock after buying an additional 3,758 shares during the quarter. Whittier Trust Co.’s holdings in Boot Barn were worth $14,881,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Fisher Asset Management LLC boosted its holdings in Boot Barn by 2.0% in the third quarter. Fisher Asset Management LLC now owns 4,192 shares of the company’s stock valued at $701,000 after acquiring an additional 83 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Boot Barn by 0.7% in the fourth quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the company’s stock valued at $2,247,000 after acquiring an additional 100 shares during the last quarter. Arizona State Retirement System boosted its holdings in Boot Barn by 1.1% in the fourth quarter. Arizona State Retirement System now owns 8,853 shares of the company’s stock valued at $1,344,000 after acquiring an additional 100 shares during the last quarter. Signaturefd LLC boosted its holdings in Boot Barn by 201.8% in the fourth quarter. Signaturefd LLC now owns 166 shares of the company’s stock valued at $25,000 after acquiring an additional 111 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of Boot Barn by 45.2% during the 4th quarter. Assetmark Inc. now owns 363 shares of the company’s stock worth $55,000 after buying an additional 113 shares in the last quarter.

Boot Barn Trading Up 2.9 %

NYSE BOOT opened at $105.21 on Thursday. The firm has a market capitalization of $3.22 billion, a P/E ratio of 18.79, a PEG ratio of 1.17 and a beta of 2.07. The business has a fifty day simple moving average of $136.59 and a 200 day simple moving average of $144.98. Boot Barn Holdings, Inc. has a 12 month low of $84.28 and a 12 month high of $176.64.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.43 EPS 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%. As a group, sell-side analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. KeyCorp upgraded Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased 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. BTIG Research increased their price target on Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Piper Sandler restated an “overweight” rating and set a $181.00 price target (up from $179.00) on shares of Boot Barn in a report on Friday, January 31st. Finally, Bank of America increased their price target on Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $181.92.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the company’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 transaction, the chief executive officer now owns 3,937 shares in the company, valued at $602,282.26. This represents a 61.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.

About Boot Barn

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.