South Dakota Investment Council Sells 1,400 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

South Dakota Investment Council cut its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 21.1% in the fourth quarter, Holdings Channel reports. The fund owned 5,223 shares of the company’s stock after selling 1,400 shares during the quarter. South Dakota Investment Council’s holdings in Boot Barn were worth $793,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Creative Planning lifted its position in shares of Boot Barn by 41.4% in the 3rd quarter. Creative Planning now owns 8,422 shares of the company’s stock worth $1,409,000 after purchasing an additional 2,466 shares during the period. GHP Investment Advisors Inc. bought a new position in Boot Barn in the third quarter worth approximately $25,000. Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in Boot Barn during the third quarter worth $408,000. James Investment Research Inc. boosted its position in Boot Barn by 10.4% during the 3rd quarter. James Investment Research Inc. now owns 12,274 shares of the company’s stock valued at $2,053,000 after acquiring an additional 1,153 shares in the last quarter. Finally, Portside Wealth Group LLC bought a new stake in Boot Barn during the 3rd quarter valued at $383,000.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. StockNews.com cut Boot Barn from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Robert W. Baird set a $190.00 price target on shares of Boot Barn in a research report on Friday, January 31st. Bank of America lifted their price objective on shares of Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Craig Hallum set a $178.00 target price on shares of Boot Barn in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Boot Barn currently has an average rating of “Moderate Buy” and an average target price of $184.83.

Insider Buying and Selling

In related news, CEO John Hazen sold 6,311 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total transaction of $965,456.78. Following the completion of the transaction, the chief executive officer now directly owns 3,937 shares in the company, valued at $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by corporate insiders.

Boot Barn Price Performance

Shares of BOOT opened at $128.11 on Monday. The company’s fifty day moving average price is $151.12 and its 200-day moving average price is $148.25. Boot Barn Holdings, Inc. has a 1-year low of $82.67 and a 1-year high of $176.64. The firm has a market capitalization of $3.92 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 1.17 and a beta of 2.10.

Boot Barn (NYSE:BOOT) last posted its quarterly 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%. As a group, 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.