Kings Path Partners LLC Sells 1,650 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Kings Path Partners LLC lowered its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 30.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,780 shares of the company’s stock after selling 1,650 shares during the quarter. Kings Path Partners LLC’s holdings in Boot Barn were worth $574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in BOOT. State Street Corp grew its holdings in Boot Barn by 4.4% in the third quarter. State Street Corp now owns 1,208,345 shares of the company’s stock worth $202,132,000 after purchasing an additional 51,356 shares during the last quarter. Geode Capital Management LLC grew its stake in Boot Barn by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock worth $113,150,000 after buying an additional 6,369 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Boot Barn by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company’s stock valued at $82,895,000 after buying an additional 1,834 shares in the last quarter. Franklin Resources Inc. raised its stake in Boot Barn by 1.0% in the third quarter. Franklin Resources Inc. now owns 420,688 shares of the company’s stock valued at $68,004,000 after buying an additional 4,226 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Boot Barn by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 352,698 shares of the company’s stock worth $58,999,000 after acquiring an additional 6,335 shares in the last quarter.

Boot Barn Price Performance

BOOT stock traded up $3.57 during trading on Monday, hitting $162.07. 371,212 shares of the company traded hands, compared to its average volume of 493,173. Boot Barn Holdings, Inc. has a 1 year low of $69.35 and a 1 year high of $169.83. The company has a market cap of $4.95 billion, a PE ratio of 32.54 and a beta of 2.10. The stock’s 50-day simple moving average is $142.01 and its 200 day simple moving average is $142.00.

Boot Barn (NYSE:BOOT) last posted its earnings results on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.02. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The firm had revenue of $425.80 million during the quarter, compared to analysts’ expectations of $424.42 million. During the same period in the previous year, the business posted $0.91 EPS. The business’s revenue was up 13.7% compared to the same quarter last year. Research analysts expect that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current year.

Insider Activity at Boot Barn

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Boot Barn from $160.00 to $181.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. BTIG Research upped their price target on shares of Boot Barn from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Robert W. Baird upgraded shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price objective for the company in a research note on Wednesday, October 30th. Baird R W raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Finally, Piper Sandler restated an “overweight” rating and issued a $179.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.55.

Boot Barn 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.