Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Acquired by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC boosted its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 134.5% during the 4th quarter, HoldingsChannel reports. The fund owned 289,641 shares of the company’s stock after buying an additional 166,121 shares during the period. TimesSquare Capital Management LLC’s holdings in Boot Barn were worth $43,973,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in Boot Barn by 1.0% in the third quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock valued at $113,150,000 after acquiring an additional 6,369 shares in the last quarter. Dale Q Rice Investment Management Ltd acquired a new stake in Boot Barn in the fourth quarter valued at $1,544,000. Algert Global LLC raised its holdings in Boot Barn by 653.9% in the third quarter. Algert Global LLC now owns 23,001 shares of the company’s stock valued at $3,848,000 after acquiring an additional 19,950 shares in the last quarter. Blueshift Asset Management LLC acquired a new stake in Boot Barn in the third quarter valued at $3,343,000. Finally, Stephens Investment Management Group LLC acquired a new stake in Boot Barn in the fourth quarter valued at $46,699,000.

Analyst Ratings Changes

BOOT has been the topic of several recent analyst reports. Bank of America upped their price target on shares of Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Robert W. Baird raised shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price target on the stock in a report on Wednesday, October 30th. BTIG Research upped their price target on shares of Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a report on Monday, January 13th. Baird R W upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler reiterated an “overweight” rating and set a $181.00 target price (up previously from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $181.58.

Boot Barn Stock Performance

Boot Barn stock opened at $137.81 on Wednesday. The company has a 50-day simple moving average of $151.99 and a 200-day simple moving average of $147.96. The firm has a market capitalization of $4.22 billion, a P/E ratio of 24.61, a P/E/G ratio of 1.25 and a beta of 2.10. Boot Barn Holdings, Inc. has a one year low of $82.67 and a one year high of $176.64.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. As a group, sell-side analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Insider Transactions at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total value of $965,456.78. Following the completion of the transaction, the chief executive officer now owns 3,937 shares in the company, valued at $602,282.26. This represents a 61.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

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.