Garnet Equity Capital Holdings Inc. bought a new stake in shares of Boot Barn Holdings Inc (NYSE:BOOT) during the 4th quarter, Holdings Channel reports. The firm bought 195,400 shares of the company’s stock, valued at approximately $3,246,000. Boot Barn accounts for approximately 2.6% of Garnet Equity Capital Holdings Inc.’s holdings, making the stock its 21st biggest position.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Boot Barn in the third quarter valued at about $3,674,000. GMT Capital Corp purchased a new position in shares of Boot Barn in the third quarter valued at about $3,492,000. EAM Investors LLC purchased a new position in shares of Boot Barn in the fourth quarter valued at about $6,513,000. Dimensional Fund Advisors LP lifted its position in shares of Boot Barn by 83.8% in the second quarter. Dimensional Fund Advisors LP now owns 626,993 shares of the company’s stock valued at $4,439,000 after acquiring an additional 285,871 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its position in shares of Boot Barn by 15.7% in the third quarter. Stephens Investment Management Group LLC now owns 1,568,993 shares of the company’s stock valued at $13,964,000 after acquiring an additional 213,405 shares in the last quarter.
Shares of Boot Barn Holdings Inc (BOOT) opened at $18.74 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.46 and a quick ratio of 0.22. The company has a market capitalization of $508.30, a PE ratio of 20.82, a P/E/G ratio of 1.30 and a beta of 1.63. Boot Barn Holdings Inc has a 52-week low of $5.90 and a 52-week high of $20.31.
In other Boot Barn news, insider Fs Capital Partners Vi, Llc sold 6,413,616 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $17.25, for a total transaction of $110,634,876.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Laurie Marie Grijalva sold 26,863 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $18.50, for a total value of $496,965.50. Following the sale, the insider now directly owns 33,588 shares in the company, valued at $621,378. The disclosure for this sale can be found here. Insiders sold 6,682,831 shares of company stock worth $115,327,897 over the last quarter. 4.60% of the stock is owned by company insiders.
Several equities analysts have recently commented on the company. Pivotal Research set a $19.00 price objective on Boot Barn and gave the company a “hold” rating in a research report on Wednesday, January 31st. Zacks Investment Research upgraded Boot Barn from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Thursday, February 1st. Jefferies Group restated a “buy” rating and issued a $20.00 price objective on shares of Boot Barn in a research report on Monday, December 18th. ValuEngine upgraded Boot Barn from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Robert W. Baird restated a “buy” rating and issued a $24.00 price objective on shares of Boot Barn in a research report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Boot Barn currently has a consensus rating of “Buy” and a consensus target price of $17.75.
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Boot Barn Profile
Boot Barn Holdings, Inc is a lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. The Company’s stores are located in or near neighborhood shopping centers with trade areas of approximately five or more miles, and it has opened stores in malls and outlet center locations.
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