2,338 Shares in Boot Barn Holdings, Inc. (NYSE:BOOT) Purchased by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC acquired a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,338 shares of the company’s stock, valued at approximately $355,000.

Several other hedge funds have also recently modified their holdings of BOOT. KBC Group NV grew its holdings in shares of Boot Barn by 28.5% in the fourth quarter. KBC Group NV now owns 1,222 shares of the company’s stock valued at $186,000 after acquiring an additional 271 shares in the last quarter. Blue Trust Inc. boosted its position in Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock worth $26,000 after purchasing an additional 143 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. grew its stake in Boot Barn by 85.7% in the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 13,000 shares of the company’s stock valued at $1,974,000 after purchasing an additional 6,000 shares during the period. Artemis Investment Management LLP bought a new stake in shares of Boot Barn during the 4th quarter worth $36,361,000. Finally, Campbell Newman Asset Management Inc. purchased a new position in shares of Boot Barn in the 4th quarter worth about $1,834,000.

Analyst Upgrades and Downgrades

BOOT has been the topic of several research reports. 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. Citigroup lowered their price target on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Williams Trading reissued a “buy” rating and set a $173.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. Benchmark restated a “buy” rating and issued a $192.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. Finally, Craig Hallum cut Boot Barn from a “buy” rating to a “hold” rating and upped their price target for the company from $154.00 to $162.00 in a research report on Friday, October 25th. One analyst has rated the stock with a hold rating, twelve have issued 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 “Buy” and an average target price of $173.00.

Insider Buying and Selling at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total transaction of $965,456.78. Following the transaction, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. This trade represents a 61.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.00% of the stock is currently owned by company insiders.

Boot Barn Trading Down 0.0 %

BOOT stock opened at $173.94 on Thursday. The firm has a market capitalization of $5.31 billion, a P/E ratio of 34.93, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. Boot Barn Holdings, Inc. has a 12 month low of $71.54 and a 12 month high of $176.64. The firm has a 50 day moving average of $152.18 and a 200-day moving average of $146.09.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.93 by $0.02. The company had revenue of $425.80 million during the quarter, compared to analyst estimates of $424.42 million. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. Boot Barn’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 earnings per share. Sell-side analysts predict that Boot Barn Holdings, Inc. will post 5.8 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.