Oak Ridge Investments LLC Sells 4,036 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Oak Ridge Investments LLC reduced its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOTFree Report) by 20.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,027 shares of the company’s stock after selling 4,036 shares during the quarter. Oak Ridge Investments LLC owned 0.05% of Boot Barn worth $1,230,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. increased its holdings in shares of Boot Barn by 5.8% in the second quarter. Ameritas Investment Partners Inc. now owns 2,458 shares of the company’s stock valued at $208,000 after purchasing an additional 135 shares during the last quarter. Arizona State Retirement System boosted its holdings in Boot Barn by 1.7% in the 3rd quarter. Arizona State Retirement System now owns 8,516 shares of the company’s stock valued at $691,000 after purchasing an additional 142 shares during the period. US Bancorp DE grew its position in shares of Boot Barn by 3.7% during the 1st quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $425,000 after purchasing an additional 161 shares in the last quarter. Mariner LLC increased its holdings in shares of Boot Barn by 5.5% during the third quarter. Mariner LLC now owns 3,516 shares of the company’s stock worth $285,000 after purchasing an additional 184 shares during the period. Finally, State of Wyoming raised its position in shares of Boot Barn by 57.3% in the second quarter. State of Wyoming now owns 552 shares of the company’s stock valued at $47,000 after buying an additional 201 shares in the last quarter.

Insider Buying and Selling at Boot Barn

In related news, insider Laurie Marie Grijalva sold 5,861 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $90.31, for a total transaction of $529,306.91. Following the sale, the insider now owns 5,861 shares in the company, valued at approximately $529,306.91. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Laurie Marie Grijalva sold 5,861 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $90.31, for a total transaction of $529,306.91. Following the completion of the sale, the insider now directly owns 5,861 shares of the company’s stock, valued at $529,306.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James Grant Conroy sold 19,478 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $92.38, for a total value of $1,799,377.64. Following the sale, the chief executive officer now directly owns 46,273 shares of the company’s stock, valued at $4,274,699.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,339 shares of company stock worth $2,413,715. Insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BOOT shares. Piper Sandler lowered their price objective on Boot Barn from $99.00 to $94.00 and set an “overweight” rating on the stock in a research note on Thursday, February 1st. Williams Trading reaffirmed a “hold” rating on shares of Boot Barn in a report on Tuesday, January 16th. KeyCorp started coverage on Boot Barn in a report on Wednesday, February 7th. They issued a “sector weight” rating for the company. BTIG Research dropped their price objective on Boot Barn from $102.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, February 1st. Finally, B. Riley dropped their price objective on Boot Barn from $92.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Boot Barn presently has an average rating of “Moderate Buy” and an average price target of $103.78.

View Our Latest Research Report on Boot Barn

Boot Barn Stock Down 2.7 %

Shares of BOOT stock opened at $84.45 on Monday. The firm has a market capitalization of $2.56 billion, a P/E ratio of 15.73 and a beta of 2.20. Boot Barn Holdings, Inc. has a twelve month low of $64.33 and a twelve month high of $104.91. The stock’s fifty day simple moving average is $83.70 and its 200 day simple moving average is $79.10.

Boot Barn (NYSE:BOOTGet Free Report) last issued its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $520.34 million. As a group, equities research analysts expect that Boot Barn Holdings, Inc. will post 4.72 EPS for the current fiscal year.

Boot Barn Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Boot Barn (NYSE:BOOT)

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