Schechter Investment Advisors LLC Decreases Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Schechter Investment Advisors LLC cut its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 14.0% during the fourth quarter, Holdings Channel reports. The firm owned 10,624 shares of the company’s stock after selling 1,727 shares during the period. Schechter Investment Advisors LLC’s holdings in Boot Barn were worth $1,613,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of BOOT. Portside Wealth Group LLC acquired a new position in shares of Boot Barn in the third quarter valued at about $383,000. Legacy Capital Wealth Partners LLC acquired a new position in shares of Boot Barn in the third quarter valued at about $287,000. Crossmark Global Holdings Inc. increased its holdings in shares of Boot Barn by 3.7% in the third quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company’s stock valued at $382,000 after purchasing an additional 82 shares during the period. Versor Investments LP acquired a new position in shares of Boot Barn in the third quarter valued at about $1,221,000. Finally, Entropy Technologies LP acquired a new position in shares of Boot Barn in the third quarter valued at about $719,000.

Insider Activity

In related news, CEO John Hazen sold 6,311 shares of Boot Barn stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total transaction of $965,456.78. Following the transaction, the chief executive officer now owns 3,937 shares in the company, valued at approximately $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on BOOT shares. Robert W. Baird set a $190.00 target price on Boot Barn in a report on Friday, January 31st. Bank of America raised their target price on Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. KeyCorp raised Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Thursday, January 23rd. UBS Group dropped their target price on Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Finally, BTIG Research raised their target price on Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.83.

Boot Barn Price Performance

NYSE BOOT opened at $114.71 on Tuesday. The company has a market cap of $3.51 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 1.17 and a beta of 2.10. The stock’s 50 day simple moving average is $148.26 and its 200-day simple moving average is $147.77. 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 released its 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, equities research analysts anticipate 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.