American Century Companies Inc. Has $75 Million Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

American Century Companies Inc. boosted its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 22.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 493,977 shares of the company’s stock after buying an additional 91,705 shares during the quarter. American Century Companies Inc. owned approximately 1.61% of Boot Barn worth $74,996,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Boot Barn by 1.0% during the third quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock worth $113,150,000 after acquiring an additional 6,369 shares during the last quarter. Dale Q Rice Investment Management Ltd bought a new stake in Boot Barn during the 4th quarter worth about $1,544,000. Algert Global LLC lifted its position in Boot Barn by 653.9% during the 3rd quarter. Algert Global LLC now owns 23,001 shares of the company’s stock valued at $3,848,000 after purchasing an additional 19,950 shares during the period. Blueshift Asset Management LLC bought a new position in shares of Boot Barn in the 3rd quarter valued at about $3,343,000. Finally, Stephens Investment Management Group LLC acquired a new stake in shares of Boot Barn during the 4th quarter worth approximately $46,699,000.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Robert W. Baird lowered their target price on shares of Boot Barn from $190.00 to $155.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. Bank of America upped their price objective on Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Craig Hallum set a $178.00 target price on Boot Barn in a research report on Friday, January 31st. BTIG Research increased their price target on shares of Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.92.

Insider Activity

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total value of $965,456.78. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by insiders.

Boot Barn Trading Up 7.7 %

Shares of BOOT stock opened at $112.75 on Tuesday. The firm’s fifty day moving average price is $133.66 and its two-hundred day moving average price is $144.49. Boot Barn Holdings, Inc. has a 1 year low of $84.83 and a 1 year high of $176.64. The firm has a market capitalization of $3.45 billion, a P/E ratio of 20.13, a PEG ratio of 1.17 and a beta of 2.07.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.43 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%. As a group, equities research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

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.