Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Skylands Capital LLC

Skylands Capital LLC cut its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 26.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,849 shares of the company’s stock after selling 3,500 shares during the quarter. Skylands Capital LLC’s holdings in Boot Barn were worth $1,495,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp increased its stake in Boot Barn by 4.4% in the 3rd quarter. State Street Corp now owns 1,208,345 shares of the company’s stock valued at $202,132,000 after buying an additional 51,356 shares during the period. Geode Capital Management LLC lifted its position in shares of Boot Barn by 1.0% in the third quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock valued at $113,150,000 after acquiring an additional 6,369 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Boot Barn by 0.4% in the third quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company’s stock valued at $82,895,000 after buying an additional 1,834 shares during the last quarter. Franklin Resources Inc. boosted its stake in Boot Barn by 1.0% in the 3rd quarter. Franklin Resources Inc. now owns 420,688 shares of the company’s stock worth $68,004,000 after buying an additional 4,226 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Boot Barn by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 352,698 shares of the company’s stock valued at $58,999,000 after purchasing an additional 6,335 shares during the period.

Insider Transactions at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of the firm’s 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 sale, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at $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 available through this link. 1.00% of the stock is currently owned by insiders.

Boot Barn Trading Down 3.1 %

NYSE:BOOT opened at $128.11 on Monday. The stock has a 50-day moving average price of $151.12 and a two-hundred day moving average price of $148.25. Boot Barn Holdings, Inc. has a 1 year low of $82.67 and a 1 year high of $176.64. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 1.17 and a beta of 2.10.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.43 EPS 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%. Sell-side analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BOOT. Benchmark reaffirmed a “buy” rating and set a $192.00 target price on shares of Boot Barn in a research report on Tuesday, October 29th. Piper Sandler reiterated an “overweight” rating and set a $181.00 price objective (up previously from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their target price on Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. StockNews.com cut Boot Barn from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. Finally, KeyCorp upgraded Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and an average target price of $184.83.

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.