Boot Barn Holdings, Inc. (NYSE:BOOT) Stock Position Boosted by Tilia Fiduciary Partners Inc.

Tilia Fiduciary Partners Inc. lifted its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,798 shares of the company’s stock after acquiring an additional 167 shares during the period. Tilia Fiduciary Partners Inc.’s holdings in Boot Barn were worth $1,488,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. GHP Investment Advisors Inc. bought a new position in Boot Barn during the 3rd quarter valued at $25,000. Canada Pension Plan Investment Board bought a new position in Boot Barn during the second quarter valued at about $64,000. GAMMA Investing LLC grew its holdings in Boot Barn by 100.8% during the third quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock worth $89,000 after acquiring an additional 268 shares during the period. USA Financial Formulas bought a new stake in Boot Barn in the third quarter worth about $92,000. Finally, KBC Group NV lifted its holdings in Boot Barn by 23.3% in the 3rd quarter. KBC Group NV now owns 951 shares of the company’s stock valued at $159,000 after acquiring an additional 180 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Bank of America initiated coverage on shares of Boot Barn in a research note on Tuesday. They issued a “buy” rating and a $187.00 price objective on the stock. Citigroup dropped their price target on Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. JPMorgan Chase & Co. raised their price objective on Boot Barn from $181.00 to $188.00 and gave the stock an “overweight” rating in a research note on Wednesday. Williams Trading reaffirmed a “buy” rating and set a $173.00 target price on shares of Boot Barn in a research report on Tuesday, October 29th. Finally, UBS Group upgraded Boot Barn from a “neutral” rating to a “buy” rating and increased their price target for the company from $155.00 to $210.00 in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $170.75.

Insider Transactions at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of Boot Barn 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 sale, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Boot Barn Stock Down 2.7 %

BOOT stock traded down $4.39 during trading hours on Friday, hitting $155.95. The company’s stock had a trading volume of 874,364 shares, compared to its average volume of 701,427. The stock has a 50 day moving average price of $143.92 and a two-hundred day moving average price of $142.67. Boot Barn Holdings, Inc. has a 12 month low of $69.35 and a 12 month high of $169.83. The company has a market capitalization of $4.76 billion, a PE ratio of 31.32 and a beta of 2.10.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Monday, October 28th. The company reported $0.95 earnings per share (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 company had revenue of $425.80 million during the quarter, compared to the consensus estimate of $424.42 million. During the same quarter in the prior year, the company posted $0.91 EPS. The firm’s revenue was up 13.7% on a year-over-year basis. Sell-side analysts expect that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current year.

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.