First Horizon Advisors Inc. Raises Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

First Horizon Advisors Inc. boosted its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 13.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,095 shares of the company’s stock after purchasing an additional 134 shares during the period. First Horizon Advisors Inc.’s holdings in Boot Barn were worth $166,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. GHP Investment Advisors Inc. bought a new stake in shares of Boot Barn in the third quarter valued at $25,000. Blue Trust Inc. increased its holdings in 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 acquiring an additional 143 shares during the last quarter. R Squared Ltd bought a new stake in Boot Barn in the 4th quarter valued at about $102,000. KBC Group NV lifted its holdings in 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 purchasing an additional 180 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in Boot Barn during the fourth quarter valued at about $192,000.

Boot Barn Stock Performance

Shares of BOOT stock opened at $125.92 on Wednesday. The company has a market capitalization of $3.85 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 1.17 and a beta of 2.10. Boot Barn Holdings, Inc. has a 52-week low of $82.67 and a 52-week high of $176.64. The business’s fifty day moving average is $150.26 and its 200 day moving average is $148.17.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share 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, sell-side analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Insider Activity at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of the company’s stock in a transaction on 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 directly owns 3,937 shares in the company, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BOOT shares. Piper Sandler reiterated an “overweight” rating and issued a $181.00 target price (up previously from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. Williams Trading reiterated a “buy” rating and issued a $173.00 price objective on shares of Boot Barn in a research note on Tuesday, October 29th. BTIG Research increased their target price on Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. KeyCorp raised Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price target for the company in a report on Thursday, January 23rd. Finally, StockNews.com lowered Boot Barn from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Boot Barn currently has a consensus rating of “Moderate Buy” and an average price target of $184.83.

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.