Knights of Columbus Asset Advisors LLC Grows Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 98.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 92,974 shares of the company’s stock after purchasing an additional 46,037 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Boot Barn were worth $7,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of BOOT. State of Wyoming grew its holdings in shares of Boot Barn by 57.3% during the 2nd quarter. State of Wyoming now owns 552 shares of the company’s stock worth $47,000 after purchasing an additional 201 shares during the period. Dark Forest Capital Management LP purchased a new position in Boot Barn during the 1st quarter valued at about $68,000. Lazard Asset Management LLC grew its position in Boot Barn by 75.3% in the 4th quarter. Lazard Asset Management LLC now owns 1,686 shares of the company’s stock valued at $105,000 after acquiring an additional 724 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Boot Barn in the 2nd quarter valued at about $105,000. Finally, Captrust Financial Advisors grew its position in Boot Barn by 14.7% in the 2nd quarter. Captrust Financial Advisors now owns 1,767 shares of the company’s stock valued at $122,000 after acquiring an additional 226 shares in the last quarter.

Boot Barn Price Performance

Shares of Boot Barn stock traded up $1.21 on Friday, reaching $99.82. 213,717 shares of the company were exchanged, compared to its average volume of 821,876. Boot Barn Holdings, Inc. has a 1-year low of $64.33 and a 1-year high of $104.91. The company has a market cap of $3.02 billion, a P/E ratio of 18.36 and a beta of 2.19. The stock’s 50 day moving average price is $91.94 and its 200-day moving average price is $80.94.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.01. Boot Barn had a return on equity of 19.52% and a net margin of 9.62%. The business had revenue of $520.40 million during the quarter, compared to the consensus estimate of $520.34 million. On average, research analysts predict that Boot Barn Holdings, Inc. will post 4.72 earnings per share for the current fiscal year.

Insider Activity at Boot Barn

In related news, Director Gene Eddie Burt sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $85.03, for a total value of $85,030.00. Following the completion of the transaction, the director now directly owns 1,542 shares of the company’s stock, valued at $131,116.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO James Grant Conroy sold 19,478 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $92.38, for a total value of $1,799,377.64. Following the completion of the transaction, the chief executive officer now directly owns 46,273 shares of the company’s stock, valued at $4,274,699.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gene Eddie Burt sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $85.03, for a total value of $85,030.00. Following the completion of the sale, the director now owns 1,542 shares of the company’s stock, valued at approximately $131,116.26. The disclosure for this sale can be found here. Insiders sold 26,339 shares of company stock valued at $2,413,715 over the last three months. 2.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. KeyCorp assumed coverage on Boot Barn in a research report on Wednesday, February 7th. They issued a “sector weight” rating for the company. B. Riley dropped their target price on Boot Barn from $92.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Robert W. Baird lifted their target price on Boot Barn from $70.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. UBS Group raised 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 research report on Friday, January 5th. Finally, Piper Sandler lifted their target price on Boot Barn from $94.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $105.56.

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.