Illinois Municipal Retirement Fund Purchases 436 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Illinois Municipal Retirement Fund boosted its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 2.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,867 shares of the company’s stock after purchasing an additional 436 shares during the period. Illinois Municipal Retirement Fund owned about 0.06% of Boot Barn worth $1,700,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Boot Barn by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 2,744,105 shares of the company’s stock valued at $210,638,000 after buying an additional 35,925 shares during the period. Wellington Management Group LLP lifted its position 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 worth $197,527,000 after purchasing an additional 1,675,410 shares during the period. Wasatch Advisors LP lifted its position 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 worth $202,830,000 after purchasing an additional 649,021 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Boot Barn by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,086,810 shares of the company’s stock worth $83,425,000 after purchasing an additional 16,308 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Boot Barn by 35.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 700,007 shares of the company’s stock worth $53,733,000 after purchasing an additional 182,130 shares during the period.

Boot Barn Price Performance

Boot Barn stock traded down $1.92 during mid-day trading on Friday, reaching $125.31. 678,751 shares of the company traded hands, compared to its average volume of 634,834. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 26.11 and a beta of 2.09. Boot Barn Holdings, Inc. has a fifty-two week low of $66.73 and a fifty-two week high of $134.61. The firm’s fifty day moving average is $121.24 and its two-hundred day moving average is $99.48.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data 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 firm had revenue of $388.46 million for the quarter, compared to analyst estimates of $383.67 million. Boot Barn had a net margin of 8.82% and a return on equity of 16.84%. As a group, equities research analysts predict that Boot Barn Holdings, Inc. will post 4.82 earnings per share for the current year.

Wall Street Analyst Weigh In

BOOT has been the subject of several research reports. BTIG Research upped their price target on shares of Boot Barn from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Craig Hallum increased their target price on shares of Boot Barn from $120.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Piper Sandler increased their target price 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. Benchmark increased their target price on shares of Boot Barn from $110.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of Boot Barn from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.36.

Insider Buying and Selling

In other Boot Barn news, Director Brenda I. Morris sold 1,500 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $110.11, for a total transaction of $165,165.00. Following the transaction, the director now directly owns 4,546 shares of the company’s stock, valued at $500,560.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Michael A. Love sold 1,079 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $110.21, for a total value of $118,916.59. Following the transaction, the insider now directly owns 2,112 shares of the company’s stock, valued at $232,763.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $165,165.00. Following the completion of the transaction, the director now directly owns 4,546 shares in the company, valued at $500,560.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,795 shares of company stock valued at $1,329,686. Corporate insiders own 2.20% of the company’s stock.

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.