Aigen Investment Management LP Has $2.02 Million Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Aigen Investment Management LP lifted its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,298 shares of the company’s stock after purchasing an additional 940 shares during the period. Aigen Investment Management LP’s holdings in Boot Barn were worth $2,019,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Portside Wealth Group LLC bought a new stake in shares of Boot Barn during the 3rd quarter valued at $383,000. Legacy Capital Wealth Partners LLC acquired a new stake in Boot Barn during the third quarter worth about $287,000. Crossmark Global Holdings Inc. increased its holdings in Boot Barn by 3.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company’s stock valued at $382,000 after buying an additional 82 shares during the period. Versor Investments LP acquired a new position in shares of Boot Barn in the 3rd quarter valued at approximately $1,221,000. Finally, Entropy Technologies LP bought a new stake in shares of Boot Barn during the 3rd quarter worth approximately $719,000.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. UBS Group lowered their price objective on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price target on Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. BTIG Research raised their price objective on Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Piper Sandler reissued an “overweight” rating and set a $181.00 target price (up previously from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. Finally, KeyCorp raised shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 target price for the company in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Boot Barn has an average rating of “Moderate Buy” and an average price target of $184.83.

Boot Barn Stock Down 2.6 %

NYSE BOOT opened at $111.87 on Wednesday. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 1.17 and a beta of 2.07. Boot Barn Holdings, Inc. has a twelve month low of $82.67 and a twelve month high of $176.64. The stock has a fifty day simple moving average of $148.26 and a 200 day simple moving average of $147.77.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. Research analysts expect that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Insider Transactions at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of Boot Barn stock in a transaction dated Thursday, January 2nd. The stock was 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 directly owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. This trade represents a 61.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate 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.