Trust Point Inc. Sells 4,088 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Trust Point Inc. decreased its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 44.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,024 shares of the company’s stock after selling 4,088 shares during the quarter. Trust Point Inc.’s holdings in Boot Barn were worth $763,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GHP Investment Advisors Inc. purchased a new position in Boot Barn in the third quarter worth $25,000. Blue Trust Inc. boosted its holdings in shares of Boot Barn by 1,430.0% in the 4th quarter. Blue Trust Inc. now owns 153 shares of the company’s stock worth $26,000 after buying an additional 143 shares during the last quarter. GAMMA Investing LLC grew its position in Boot Barn by 100.8% during the third quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock valued at $89,000 after buying an additional 268 shares during the period. USA Financial Formulas purchased a new stake in Boot Barn during the third quarter worth about $92,000. Finally, R Squared Ltd purchased a new position in Boot Barn in the fourth quarter valued at about $102,000.

Boot Barn Price Performance

NYSE BOOT opened at $144.40 on Wednesday. The company’s 50 day simple moving average is $153.52 and its two-hundred day simple moving average is $147.14. The stock has a market capitalization of $4.41 billion, a PE ratio of 25.78, a P/E/G ratio of 1.45 and a beta of 2.10. Boot Barn Holdings, Inc. has a 1 year low of $80.33 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 return on equity of 17.11% and a net margin of 9.36%. On average, research analysts anticipate that Boot Barn Holdings, Inc. will post 5.84 EPS for the current year.

Insider Buying and Selling

In other news, CEO John Hazen sold 6,311 shares of Boot Barn stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total transaction of $965,456.78. Following the completion of the sale, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BOOT has been the subject of several research analyst reports. Citigroup decreased their price target on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Benchmark restated a “buy” rating and issued a $192.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. Piper Sandler reiterated an “overweight” rating and set a $181.00 price target (up previously from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. UBS Group dropped their price objective on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Monday. Finally, 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. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Boot Barn currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.58.

Boot Barn Company 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.