Bailard Inc. Reduces Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Bailard Inc. decreased its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 38.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,643 shares of the company’s stock after selling 1,045 shares during the period. Bailard Inc.’s holdings in Boot Barn were worth $249,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. grew its stake in Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock worth $26,000 after purchasing an additional 143 shares in the last quarter. R Squared Ltd bought a new position in shares of Boot Barn during the 4th quarter worth $102,000. Smartleaf Asset Management LLC increased its stake in shares of Boot Barn by 212.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 749 shares of the company’s stock valued at $115,000 after buying an additional 509 shares during the period. KBC Group NV increased its stake in shares of Boot Barn by 23.3% during the third quarter. KBC Group NV now owns 951 shares of the company’s stock valued at $159,000 after buying an additional 180 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings in shares of Boot Barn by 13.9% in the fourth quarter. First Horizon Advisors Inc. now owns 1,095 shares of the company’s stock valued at $166,000 after acquiring an additional 134 shares in the last quarter.

Analyst Ratings Changes

BOOT has been the topic of several recent research reports. Craig Hallum set a $178.00 target price on shares of Boot Barn in a report on Friday, January 31st. Bank of America increased their price objective on shares of Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. UBS Group reduced their price objective on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. BTIG Research increased their target price on Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, StockNews.com lowered Boot Barn from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Boot Barn currently has an average rating of “Moderate Buy” and a consensus price target of $181.92.

Insiders Place Their Bets

In other news, CEO John Hazen sold 6,311 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total value of $965,456.78. Following the transaction, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. This represents a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Boot Barn Price Performance

Shares of NYSE:BOOT opened at $113.75 on Thursday. The firm has a market capitalization of $3.48 billion, a P/E ratio of 20.31, a P/E/G ratio of 1.17 and a beta of 2.07. The business’s 50-day moving average is $147.53 and its 200 day moving average is $147.59. Boot Barn Holdings, Inc. has a 1 year low of $82.67 and a 1 year high of $176.64.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, beating 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%. On average, analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

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.