Howe & Rusling Inc. Buys 201 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Howe & Rusling Inc. increased its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,567 shares of the company’s stock after acquiring an additional 201 shares during the quarter. Howe & Rusling Inc.’s holdings in Boot Barn were worth $390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Signaturefd LLC raised its stake in shares of Boot Barn by 201.8% during the fourth quarter. Signaturefd LLC now owns 166 shares of the company’s stock valued at $25,000 after acquiring an additional 111 shares during the last quarter. Blue Trust Inc. raised its position in Boot Barn by 1,430.0% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the company’s stock valued at $26,000 after purchasing an additional 143 shares during the last quarter. Assetmark Inc. lifted its holdings in Boot Barn by 45.2% in the 4th quarter. Assetmark Inc. now owns 363 shares of the company’s stock worth $55,000 after buying an additional 113 shares during the period. R Squared Ltd bought a new stake in shares of Boot Barn in the 4th quarter worth approximately $102,000. Finally, Smartleaf Asset Management LLC increased its stake 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 valued at $115,000 after buying an additional 509 shares during the period.

Boot Barn Price Performance

Shares of Boot Barn stock opened at $107.33 on Friday. Boot Barn Holdings, Inc. has a 1 year low of $91.56 and a 1 year high of $176.64. The firm’s 50-day moving average is $131.03 and its 200 day moving average is $143.79. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 1.17 and a beta of 2.07.

Boot Barn (NYSE:BOOT) last issued its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, topping 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, equities analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. StockNews.com cut shares of Boot Barn from a “hold” rating to a “sell” rating in a report on Monday, February 17th. Robert W. Baird reduced their price target on shares of Boot Barn from $190.00 to $155.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. Bank of America increased their price target on shares of Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Craig Hallum set a $178.00 price objective on Boot Barn in a research report on Friday, January 31st. Finally, KeyCorp raised Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research report on Thursday, January 23rd. One investment 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 stock. According to MarketBeat.com, Boot Barn presently has an average rating of “Moderate Buy” and an average price target of $181.92.

Insider Activity at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of the business’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 completion of the transaction, the chief executive officer now 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 Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by insiders.

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.