Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Acquired by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. increased its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 85.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,000 shares of the company’s stock after purchasing an additional 6,000 shares during the period. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Boot Barn were worth $1,974,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Artemis Investment Management LLP bought a new position in Boot Barn in the fourth quarter worth about $36,361,000. Campbell Newman Asset Management Inc. bought a new position in Boot Barn in the fourth quarter worth about $1,834,000. Park Avenue Securities LLC lifted its holdings in Boot Barn by 26.7% in the fourth quarter. Park Avenue Securities LLC now owns 1,858 shares of the company’s stock worth $282,000 after acquiring an additional 391 shares during the last quarter. Dale Q Rice Investment Management Ltd bought a new position in Boot Barn in the fourth quarter worth about $1,544,000. Finally, Miracle Mile Advisors LLC bought a new position in Boot Barn in the fourth quarter worth about $322,000.

Boot Barn Price Performance

Shares of NYSE:BOOT opened at $161.47 on Wednesday. Boot Barn Holdings, Inc. has a 12 month low of $71.54 and a 12 month high of $169.83. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 1.46 and a beta of 2.10. The stock’s 50 day moving average price is $147.86 and its 200 day moving average price is $144.41.

Boot Barn (NYSE:BOOT) last announced its earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.93 by $0.02. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The firm had revenue of $425.80 million for the quarter, compared to analysts’ expectations of $424.42 million. During the same quarter in the previous year, the company earned $0.91 earnings per share. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, sell-side analysts expect that Boot Barn Holdings, Inc. will post 5.8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Baird R W raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. BTIG Research raised their target price on shares of Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Piper Sandler reaffirmed an “overweight” rating and set a $179.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. Bank of America lifted their price target on Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. lifted their price target on Boot Barn from $181.00 to $188.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $171.58.

Insiders Place Their Bets

In other Boot Barn news, CEO John Hazen sold 6,311 shares of Boot Barn stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total value of $965,456.78. Following the transaction, the chief executive officer now owns 3,937 shares in the company, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.00% 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.