Illinois Municipal Retirement Fund Sells 544 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Illinois Municipal Retirement Fund lessened its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 3.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,431 shares of the company’s stock after selling 544 shares during the period. Illinois Municipal Retirement Fund owned about 0.06% of Boot Barn worth $1,338,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in shares of Boot Barn by 150.4% during the 3rd quarter. Wellington Management Group LLP now owns 897,896 shares of the company’s stock worth $72,900,000 after purchasing an additional 539,296 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Boot Barn by 11.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 584,576 shares of the company’s stock worth $47,462,000 after buying an additional 60,456 shares during the last quarter. Jennison Associates LLC raised its stake in Boot Barn by 52.1% in the third quarter. Jennison Associates LLC now owns 471,873 shares of the company’s stock valued at $38,311,000 after buying an additional 161,585 shares during the period. FMR LLC lifted its position in shares of Boot Barn by 13.4% in the third quarter. FMR LLC now owns 463,287 shares of the company’s stock valued at $37,614,000 after buying an additional 54,810 shares during the last quarter. Finally, Congress Asset Management Co. MA boosted its stake in shares of Boot Barn by 10.6% during the 3rd quarter. Congress Asset Management Co. MA now owns 402,526 shares of the company’s stock worth $32,681,000 after acquiring an additional 38,704 shares during the period.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, CEO James Grant Conroy sold 19,478 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now owns 46,273 shares of the company’s stock, valued at approximately $4,274,699.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Boot Barn news, Director Gene Eddie Burt sold 1,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $85.03, for a total transaction of $85,030.00. Following the sale, the director now owns 1,542 shares of the company’s stock, valued at $131,116.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James Grant Conroy sold 19,478 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $92.38, for a total transaction of $1,799,377.64. Following the transaction, the chief executive officer now owns 46,273 shares of the company’s stock, valued at $4,274,699.74. 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. Corporate insiders own 2.20% of the company’s stock.

Boot Barn Stock Performance

BOOT opened at $107.79 on Friday. Boot Barn Holdings, Inc. has a 52-week low of $64.33 and a 52-week high of $109.51. The firm has a market cap of $3.27 billion, a P/E ratio of 20.07 and a beta of 2.19. The business’s fifty day moving average is $93.87 and its 200-day moving average is $82.01.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.01. The firm had revenue of $520.40 million for the quarter, compared to the consensus estimate of $520.34 million. Boot Barn had a net margin of 9.62% and a return on equity of 19.52%. On average, research analysts predict that Boot Barn Holdings, Inc. will post 4.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BOOT has been the subject of several research reports. B. Riley cut their price target on Boot Barn from $92.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, February 1st. Robert W. Baird lifted their target price on shares of Boot Barn from $70.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Williams Trading reissued a “hold” rating on shares of Boot Barn in a report on Tuesday, January 16th. KeyCorp initiated coverage on Boot Barn in a report on Wednesday, February 7th. They set a “sector weight” rating for the company. Finally, UBS Group upgraded Boot Barn from a “neutral” rating to a “buy” rating and increased their target price for the stock from $75.00 to $108.00 in a research note on Friday, January 5th. One investment 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $105.56.

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.