Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by River Global Investors LLP

River Global Investors LLP reduced its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,458 shares of the company’s stock after selling 124 shares during the quarter. River Global Investors LLP’s holdings in Boot Barn were worth $956,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Natixis Advisors L.P. boosted its position in Boot Barn by 0.5% during the fourth quarter. Natixis Advisors L.P. now owns 32,608 shares of the company’s stock worth $2,502,000 after acquiring an additional 149 shares during the last quarter. Crystal Rock Capital Management increased its stake in Boot Barn by 3.7% during the fourth quarter. Crystal Rock Capital Management now owns 42,700 shares of the company’s stock worth $3,278,000 after acquiring an additional 1,525 shares during the last quarter. Howe & Rusling Inc. increased its stake in Boot Barn by 13.3% during the fourth quarter. Howe & Rusling Inc. now owns 3,644 shares of the company’s stock worth $280,000 after acquiring an additional 428 shares during the last quarter. Anchor Capital Advisors LLC increased its stake in Boot Barn by 28.3% during the fourth quarter. Anchor Capital Advisors LLC now owns 30,702 shares of the company’s stock worth $2,357,000 after acquiring an additional 6,763 shares during the last quarter. Finally, Skylands Capital LLC increased its stake in Boot Barn by 42.4% during the fourth quarter. Skylands Capital LLC now owns 32,384 shares of the company’s stock worth $2,486,000 after acquiring an additional 9,650 shares during the last quarter.

Insider Activity

In other news, Director Gene Eddie Burt sold 1,000 shares of the business’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 sale, the director now directly owns 1,542 shares in the company, valued at approximately $131,116.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO James Grant Conroy sold 19,478 shares of the business’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 transaction 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 approximately $4,274,699.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction, 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. In the last ninety days, insiders sold 26,339 shares of company stock worth $2,413,715. 2.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on BOOT. KeyCorp began coverage on Boot Barn in a research note on Wednesday, February 7th. They issued a “sector weight” rating for the company. Williams Trading reiterated a “hold” rating on shares of Boot Barn in a research note on Tuesday, January 16th. B. Riley lowered their target price on Boot Barn from $92.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, February 1st. BTIG Research increased their target price on Boot Barn from $100.00 to $127.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Finally, StockNews.com lowered Boot Barn from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. 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. According to MarketBeat.com, Boot Barn currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.11.

Boot Barn Stock Performance

Shares of NYSE BOOT traded up $1.12 during trading on Friday, reaching $105.30. The stock had a trading volume of 629,368 shares, compared to its average volume of 739,657. Boot Barn Holdings, Inc. has a one year low of $64.33 and a one year high of $110.89. The stock has a market cap of $3.19 billion, a PE ratio of 19.61 and a beta of 2.15. The firm’s 50 day moving average price is $95.49 and its two-hundred day moving average price is $82.90.

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, beating 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 expect that Boot Barn Holdings, Inc. will post 4.72 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.