12,077 Shares in Boot Barn Holdings, Inc. (NYSE:BOOT) Bought by Campbell Newman Asset Management Inc.

Campbell Newman Asset Management Inc. bought a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,077 shares of the company’s stock, valued at approximately $1,834,000.

Several other hedge funds have also bought and sold shares of the stock. GHP Investment Advisors Inc. bought a new position in Boot Barn in the 3rd quarter worth $25,000. Canada Pension Plan Investment Board purchased a new position in shares of Boot Barn in the second quarter valued at about $64,000. GAMMA Investing LLC boosted its stake in shares of Boot Barn by 100.8% in the third quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock worth $89,000 after acquiring an additional 268 shares during the period. USA Financial Formulas purchased a new stake in shares of Boot Barn during the third quarter worth about $92,000. Finally, KBC Group NV raised its stake in Boot Barn by 23.3% during the 3rd 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 period.

Boot Barn Stock Up 1.3 %

BOOT stock traded up $1.91 during trading on Wednesday, hitting $151.99. 99,915 shares of the company’s stock traded hands, compared to its average volume of 784,033. The firm has a market capitalization of $4.64 billion, a P/E ratio of 30.52 and a beta of 2.10. Boot Barn Holdings, Inc. has a 1 year low of $69.35 and a 1 year high of $169.83. The business has a fifty day simple moving average of $145.07 and a two-hundred day simple moving average of $143.25.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. The firm had revenue of $425.80 million for the quarter, compared to the consensus estimate of $424.42 million. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. On average, equities research analysts predict that Boot Barn Holdings, Inc. will post 5.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BOOT shares. Benchmark reaffirmed a “buy” rating and set a $192.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. BTIG Research raised their target price on shares of Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Monday. Williams Trading reiterated a “buy” rating and issued a $173.00 price target on shares of Boot Barn in a research note on Tuesday, October 29th. Robert W. Baird upgraded Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price objective for the company in a research report on Wednesday, October 30th. Finally, Craig Hallum lowered Boot Barn from a “buy” rating to a “hold” rating and increased their price target for the company from $154.00 to $162.00 in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and an average price target of $171.58.

Insider Activity

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 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 owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

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.