Venturi Wealth Management LLC Takes Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Venturi Wealth Management LLC bought a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,266 shares of the company’s stock, valued at approximately $192,000.

Several other hedge funds have also recently made changes to their positions in BOOT. Geode Capital Management LLC raised its position in Boot Barn by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock worth $113,150,000 after purchasing an additional 6,369 shares during the period. Dale Q Rice Investment Management Ltd purchased a new stake in Boot Barn in the 4th quarter worth about $1,544,000. Algert Global LLC raised its position in Boot Barn by 653.9% in the 3rd quarter. Algert Global LLC now owns 23,001 shares of the company’s stock worth $3,848,000 after purchasing an additional 19,950 shares during the period. Blueshift Asset Management LLC purchased a new stake in Boot Barn in the 3rd quarter worth about $3,343,000. Finally, Stephens Investment Management Group LLC purchased a new stake in Boot Barn in the 4th quarter worth about $46,699,000.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BOOT. BTIG Research increased their price objective on shares of Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. StockNews.com downgraded shares of Boot Barn from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Craig Hallum downgraded shares of Boot Barn from a “buy” rating to a “hold” rating and upped their target price for the stock from $154.00 to $162.00 in a research note on Friday, October 25th. Citigroup dropped their target price on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Finally, UBS Group dropped their target price on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.58.

Insider Buying and Selling at Boot Barn

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. 1.00% of the stock is owned by insiders.

Boot Barn Stock Performance

NYSE BOOT opened at $128.11 on Friday. The company has a market cap of $3.92 billion, a PE ratio of 22.88, a P/E/G ratio of 1.18 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 firm’s 50 day moving average price is $151.12 and its 200-day moving average price is $147.81.

Boot Barn (NYSE:BOOT) last announced 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 net margin of 9.36% and a return on equity of 17.11%. On average, analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

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.