Parallax Volatility Advisers L.P. Invests $4.12 Million in Boot Barn Holdings, Inc. (NYSE:BOOT)

Parallax Volatility Advisers L.P. purchased a new position in Boot Barn Holdings, Inc. (NYSE:BOOT – Get Rating) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 70,403 shares of the company’s stock, valued at approximately $4,116,000.

A number of other institutional investors have also recently made changes to their positions in the company. US Bancorp DE boosted its stake in Boot Barn by 3.7% during the first quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $425,000 after buying an additional 161 shares during the last quarter. Taylor Frigon Capital Management LLC boosted its stake in Boot Barn by 0.4% during the third quarter. Taylor Frigon Capital Management LLC now owns 55,148 shares of the company’s stock worth $3,224,000 after buying an additional 217 shares during the last quarter. Captrust Financial Advisors boosted its stake in Boot Barn by 14.7% during the second quarter. Captrust Financial Advisors now owns 1,767 shares of the company’s stock worth $122,000 after buying an additional 226 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Boot Barn by 9.9% during the first quarter. Mackenzie Financial Corp now owns 2,611 shares of the company’s stock worth $247,000 after buying an additional 235 shares during the last quarter. Finally, Acorn Financial Advisory Services Inc. ADV boosted its stake in Boot Barn by 2.6% during the third quarter. Acorn Financial Advisory Services Inc. ADV now owns 12,101 shares of the company’s stock worth $707,000 after buying an additional 307 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. StockNews.com began coverage on Boot Barn in a research note on Thursday. They set a “sell” rating on the stock. Bank of America began coverage on Boot Barn in a research report on Friday, January 6th. They issued a “buy” rating and a $85.00 target price on the stock. Robert W. Baird downgraded Boot Barn from an “outperform” rating to a “neutral” rating in a research report on Monday, January 30th. BTIG Research began coverage on Boot Barn in a research report on Monday, February 6th. They issued a “buy” rating and a $110.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their target price on Boot Barn from $94.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, January 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $92.70.

Insiders Place Their Bets

In other Boot Barn news, CEO James Grant Conroy sold 56,880 shares of the company’s stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $80.95, for a total transaction of $4,604,436.00. Following the sale, the chief executive officer now owns 35,701 shares in the company, valued at approximately $2,889,995.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.20% of the stock is owned by company insiders.

Boot Barn Price Performance

Shares of NYSE BOOT opened at $71.93 on Friday. The stock’s 50-day moving average is $78.04 and its two-hundred day moving average is $67.12. Boot Barn Holdings, Inc. has a 1-year low of $50.20 and a 1-year high of $105.66. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 1.26 and a beta of 2.35.

Boot Barn (NYSE:BOOT – Get Rating) last issued its quarterly earnings results on Wednesday, January 25th. The company reported $1.74 earnings per share for the quarter, hitting the consensus estimate of $1.74. Boot Barn had a return on equity of 25.42% and a net margin of 10.45%. The company had revenue of $514.55 million for the quarter, compared to the consensus estimate of $514.44 million. During the same quarter in the prior year, the business earned $2.23 EPS. Boot Barn’s revenue was up 5.9% on a year-over-year basis. Equities research analysts anticipate that Boot Barn Holdings, Inc. will post 5.54 earnings per share for the current fiscal year.

Boot Barn Profile

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Boot Barn Holdings, Inc engages in the operation of retail stores of western and work-related footwear, apparel, and accessories. The firm’s products include boots, jeans, accessories, hats, gifts and home products, and work wear. Its brands include Ariat, Wrangler, Lucchese Boots, Idyllwind, and Cinch.