Crystal Rock Capital Management Increases Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Crystal Rock Capital Management raised its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,700 shares of the company’s stock after acquiring an additional 1,525 shares during the period. Boot Barn makes up 2.2% of Crystal Rock Capital Management’s portfolio, making the stock its 22nd biggest position. Crystal Rock Capital Management’s holdings in Boot Barn were worth $3,278,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BOOT. Headlands Technologies LLC boosted its holdings in Boot Barn by 1,037.7% in the 4th quarter. Headlands Technologies LLC now owns 785 shares of the company’s stock worth $60,000 after acquiring an additional 716 shares during the period. Allworth Financial LP increased its position in shares of Boot Barn by 61,325.0% during the third quarter. Allworth Financial LP now owns 2,457 shares of the company’s stock worth $199,000 after acquiring an additional 2,453 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Boot Barn in the fourth quarter worth about $199,000. Pathstone Family Office LLC acquired a new stake in Boot Barn during the 3rd quarter valued at approximately $204,000. Finally, Larson Financial Group LLC acquired a new position in shares of Boot Barn in the 3rd quarter valued at approximately $220,000.

Boot Barn Price Performance

Shares of NYSE BOOT traded down $4.41 during midday trading on Wednesday, hitting $102.06. 1,063,688 shares of the company’s stock were exchanged, compared to its average volume of 816,382. Boot Barn Holdings, Inc. has a twelve month low of $64.33 and a twelve month high of $110.89. The firm has a market cap of $3.09 billion, a P/E ratio of 19.49 and a beta of 2.19. The stock’s 50 day moving average price is $94.59 and its 200-day moving average price is $82.42.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.01. The company had revenue of $520.40 million during the quarter, compared to analyst estimates of $520.34 million. Boot Barn had a net margin of 9.62% and a return on equity of 19.52%. On average, analysts expect that Boot Barn Holdings, Inc. will post 4.73 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BOOT shares. StockNews.com downgraded shares of Boot Barn from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. Williams Trading reaffirmed a “hold” rating on shares of Boot Barn in a report on Tuesday, January 16th. B. Riley reduced their price target on shares of Boot Barn from $92.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. KeyCorp initiated coverage on shares of Boot Barn in a research report on Wednesday, February 7th. They set a “sector weight” rating for the company. Finally, TD Cowen raised their target price on shares of Boot Barn from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $109.11.

Insider Activity at Boot Barn

In other news, insider Laurie Marie Grijalva sold 5,861 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $90.31, for a total value of $529,306.91. Following the sale, the insider now owns 5,861 shares of the company’s stock, valued at approximately $529,306.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Laurie Marie Grijalva sold 5,861 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $90.31, for a total transaction of $529,306.91. Following the completion of the transaction, the insider now owns 5,861 shares in the company, valued at approximately $529,306.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO James Grant Conroy sold 19,478 shares of Boot Barn stock in a transaction 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 owns 46,273 shares in the company, valued at $4,274,699.74. The disclosure for this sale can be found here. Insiders have sold 26,339 shares of company stock worth $2,413,715 over the last quarter. 2.20% of the stock is currently owned by company insiders.

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.