Anchor Capital Advisors LLC Increases Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Anchor Capital Advisors LLC increased its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 28.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 30,702 shares of the company’s stock after purchasing an additional 6,763 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Boot Barn were worth $2,357,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Headlands Technologies LLC increased its position in Boot Barn by 1,037.7% during the 4th quarter. Headlands Technologies LLC now owns 785 shares of the company’s stock worth $60,000 after purchasing an additional 716 shares in the last quarter. Allworth Financial LP raised its stake in Boot Barn by 61,325.0% during the third quarter. Allworth Financial LP now owns 2,457 shares of the company’s stock worth $199,000 after purchasing an additional 2,453 shares during the period. SG Americas Securities LLC acquired a new position in shares of Boot Barn in the 4th quarter valued at $199,000. Pathstone Family Office LLC acquired a new stake in shares of Boot Barn during the 3rd quarter worth $204,000. Finally, Larson Financial Group LLC acquired a new stake in shares of Boot Barn during the 3rd quarter worth $220,000.

Insider Transactions at Boot Barn

In other news, CEO James Grant Conroy sold 19,478 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $92.38, for a total transaction of $1,799,377.64. Following the completion of the transaction, the chief executive officer now owns 46,273 shares of the company’s stock, valued at $4,274,699.74. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Laurie Marie Grijalva sold 5,861 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $90.31, for a total value of $529,306.91. Following the completion of the transaction, the insider now owns 5,861 shares in the company, valued at approximately $529,306.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James Grant Conroy sold 19,478 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $92.38, for a total transaction of $1,799,377.64. Following the transaction, the chief executive officer now directly owns 46,273 shares in the company, valued at approximately $4,274,699.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,339 shares of company stock worth $2,413,715. 2.20% of the stock is currently owned by insiders.

Boot Barn Stock Down 1.6 %

Shares of BOOT traded down $1.74 during midday trading on Tuesday, hitting $108.05. The company had a trading volume of 85,547 shares, compared to its average volume of 804,321. Boot Barn Holdings, Inc. has a 52 week low of $64.33 and a 52 week high of $110.89. The company’s 50 day moving average price is $94.25 and its 200 day moving average price is $82.23. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 20.45 and a beta of 2.19.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.01. The firm had revenue of $520.40 million for the quarter, compared to analysts’ expectations of $520.34 million. Boot Barn had a return on equity of 19.52% and a net margin of 9.62%. Equities analysts anticipate that Boot Barn Holdings, Inc. will post 4.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Williams Trading reiterated a “hold” rating on shares of Boot Barn in a report on Tuesday, January 16th. UBS Group upgraded shares of Boot Barn from a “neutral” rating to a “buy” rating and lifted their target price for the company from $75.00 to $108.00 in a report on Friday, January 5th. TD Cowen raised their price objective on Boot Barn from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday. StockNews.com downgraded Boot Barn from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. Finally, BTIG Research raised their target price on Boot Barn from $100.00 to $127.00 and gave the company a “buy” rating in a report on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Boot Barn currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.11.

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.