abrdn plc Buys 3,451 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

abrdn plc boosted its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 306,717 shares of the company’s stock after purchasing an additional 3,451 shares during the quarter. abrdn plc’s holdings in Boot Barn were worth $23,544,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Allworth Financial LP lifted its holdings in shares of Boot Barn by 61,325.0% during the third quarter. Allworth Financial LP now owns 2,457 shares of the company’s stock worth $199,000 after buying an additional 2,453 shares during the last quarter. Pathstone Family Office LLC acquired a new position in shares of Boot Barn during the third quarter worth approximately $204,000. SG Americas Securities LLC acquired a new position in shares of Boot Barn during the fourth quarter worth approximately $199,000. Larson Financial Group LLC acquired a new position in shares of Boot Barn during the third quarter worth approximately $220,000. Finally, J.P. Morgan Private Wealth Advisors LLC raised its stake in shares of Boot Barn by 7.7% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $248,000 after purchasing an additional 219 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages recently commented on BOOT. UBS Group raised Boot Barn from a “neutral” rating to a “buy” rating and raised their target price for the stock from $75.00 to $108.00 in a research report on Friday, January 5th. B. Riley reduced their target price on Boot Barn from $92.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Piper Sandler raised their target price on Boot Barn from $94.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Williams Trading reaffirmed a “hold” rating on shares of Boot Barn in a research report on Tuesday, January 16th. Finally, BTIG Research reduced their target price on Boot Barn from $102.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $105.56.

Insider Buying and Selling

In related news, Director Gene Eddie Burt sold 1,000 shares of Boot Barn stock in a transaction dated 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 $131,116.26. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO James Grant Conroy sold 19,478 shares of Boot Barn stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $92.38, for a total value of $1,799,377.64. Following the completion of the sale, the chief executive officer now directly owns 46,273 shares in the company, valued at $4,274,699.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gene Eddie Burt sold 1,000 shares of Boot Barn stock in a transaction dated 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 owns 1,542 shares of the company’s stock, valued at $131,116.26. The disclosure for this sale can be found here. Insiders sold a total of 26,339 shares of company stock worth $2,413,715 over the last three months. 2.20% of the stock is currently owned by company insiders.

Boot Barn Stock Performance

Shares of NYSE:BOOT opened at $106.65 on Wednesday. Boot Barn Holdings, Inc. has a twelve month low of $64.33 and a twelve month high of $109.51. The firm has a market cap of $3.23 billion, a PE ratio of 19.86 and a beta of 2.19. The business has a fifty day moving average of $92.85 and a 200-day moving average of $81.46.

Boot Barn (NYSE:BOOT) last announced its 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 company had revenue of $520.40 million during the quarter, compared to analyst estimates of $520.34 million. On average, analysts anticipate that Boot Barn Holdings, Inc. will post 4.72 EPS for the current fiscal 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.