Segall Bryant & Hamill LLC Reduces Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Segall Bryant & Hamill LLC cut its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,838 shares of the company’s stock after selling 1,084 shares during the period. Segall Bryant & Hamill LLC’s holdings in Boot Barn were worth $12,273,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of BOOT. Signaturefd LLC increased its holdings in Boot Barn by 201.8% in the 4th quarter. Signaturefd LLC now owns 166 shares of the company’s stock worth $25,000 after buying an additional 111 shares during the period. 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 valued at $26,000 after acquiring an additional 143 shares during the last quarter. Assetmark Inc. increased its stake in shares of Boot Barn by 45.2% in the fourth quarter. Assetmark Inc. now owns 363 shares of the company’s stock worth $55,000 after acquiring an additional 113 shares during the period. R Squared Ltd acquired a new stake in shares of Boot Barn in the fourth quarter worth $102,000. Finally, Smartleaf Asset Management LLC raised its holdings 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 worth $115,000 after purchasing an additional 509 shares during the last quarter.

Boot Barn Stock Down 2.1 %

BOOT opened at $109.95 on Wednesday. The firm’s fifty day simple moving average is $132.85 and its two-hundred day simple moving average is $144.31. Boot Barn Holdings, Inc. has a 52-week low of $85.49 and a 52-week high of $176.64. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 1.17 and a beta of 2.07.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates 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, research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price target on Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. 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. Craig Hallum set a $178.00 price target on Boot Barn in a research report on Friday, January 31st. Piper Sandler restated an “overweight” rating and issued a $181.00 price objective (up previously from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. Finally, UBS Group cut their target price on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and an average target price of $181.92.

Insider Buying and Selling

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the firm’s stock in a transaction 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 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by company insiders.

About Boot Barn

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.