Moody Aldrich Partners LLC Increases Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Moody Aldrich Partners LLC increased its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 129.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,411 shares of the company’s stock after purchasing an additional 27,880 shares during the period. Boot Barn makes up 1.4% of Moody Aldrich Partners LLC’s investment portfolio, making the stock its 13th largest holding. Moody Aldrich Partners LLC’s holdings in Boot Barn were worth $7,502,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BOOT. GHP Investment Advisors Inc. bought a new stake in shares of Boot Barn during the 3rd quarter valued at $25,000. Blue Trust Inc. increased its holdings in Boot Barn by 1,430.0% in the 4th quarter. Blue Trust Inc. now owns 153 shares of the company’s stock valued at $26,000 after acquiring an additional 143 shares during the last quarter. GAMMA Investing LLC lifted its stake in Boot Barn by 100.8% in the 3rd quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock worth $89,000 after purchasing an additional 268 shares in the last quarter. USA Financial Formulas purchased a new stake in Boot Barn in the 3rd quarter worth $92,000. Finally, KBC Group NV lifted its stake in Boot Barn by 23.3% in the 3rd quarter. KBC Group NV now owns 951 shares of the company’s stock worth $159,000 after purchasing an additional 180 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have recently issued reports on BOOT. KeyCorp upgraded shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research report on Thursday, January 23rd. Robert W. Baird upgraded shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 target price on the stock in a research report on Wednesday, October 30th. Craig Hallum cut shares of Boot Barn from a “buy” rating to a “hold” rating and upped their target price for the company from $154.00 to $162.00 in a research report on Friday, October 25th. UBS Group upgraded shares of Boot Barn from a “neutral” rating to a “buy” rating and upped their target price for the company from $155.00 to $210.00 in a research report on Friday, January 10th. Finally, Citigroup cut 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. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Boot Barn currently has an average rating of “Buy” and a consensus price target of $173.00.

Insider Transactions at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total transaction of $965,456.78. Following the completion of the sale, the chief executive officer now owns 3,937 shares of the company’s stock, valued at $602,282.26. This represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

Boot Barn Price Performance

Shares of BOOT stock opened at $173.31 on Wednesday. The company has a market capitalization of $5.29 billion, a P/E ratio of 34.80, a P/E/G ratio of 1.48 and a beta of 2.10. The company’s 50-day simple moving average is $151.35 and its two-hundred day simple moving average is $145.89. Boot Barn Holdings, Inc. has a one year low of $71.54 and a one year high of $173.97.

Boot Barn (NYSE:BOOT) last issued its earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. The business had revenue of $425.80 million for the quarter, compared to the consensus estimate of $424.42 million. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 EPS. On average, research analysts expect that Boot Barn Holdings, Inc. will post 5.8 EPS for the current fiscal 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.