Bank of New York Mellon Corp raised its position in shares of Boot Barn Holdings (NYSE:BOOT) by 40.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 159,988 shares of the company’s stock after buying an additional 46,095 shares during the quarter. Bank of New York Mellon Corp owned about 0.59% of Boot Barn worth $2,658,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in BOOT. The Manufacturers Life Insurance Company boosted its stake in Boot Barn by 811.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 9,908 shares of the company’s stock valued at $165,000 after purchasing an additional 8,821 shares in the last quarter. State Street Corp lifted its position in shares of Boot Barn by 4.5% during the 2nd quarter. State Street Corp now owns 203,372 shares of the company’s stock valued at $1,440,000 after acquiring an additional 8,835 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Boot Barn during the 3rd quarter valued at $151,000. Acadian Asset Management LLC acquired a new stake in shares of Boot Barn during the 4th quarter valued at $348,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Boot Barn during the 4th quarter valued at $673,000.
Shares of BOOT opened at $18.56 on Friday. The stock has a market cap of $503.42, a price-to-earnings ratio of 28.55, a price-to-earnings-growth ratio of 0.91 and a beta of 1.59. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.46 and a quick ratio of 0.22. Boot Barn Holdings has a 12 month low of $5.90 and a 12 month high of $20.31.
Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46. Boot Barn had a net margin of 3.67% and a return on equity of 9.55%. The firm had revenue of $224.70 million during the quarter, compared to analysts’ expectations of $225.00 million. During the same quarter last year, the company earned $0.39 earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. sell-side analysts anticipate that Boot Barn Holdings will post 0.7 earnings per share for the current fiscal year.
In other news, insider Laurie Marie Grijalva sold 26,863 shares of Boot Barn stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $18.50, for a total value of $496,965.50. Following the completion of the transaction, the insider now owns 33,588 shares in the company, valued at $621,378. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.60% of the company’s stock.
A number of research firms have recently issued reports on BOOT. Pivotal Research set a $19.00 target price on Boot Barn and gave the company a “hold” rating in a report on Wednesday, January 31st. Wells Fargo set a $20.00 price objective on Boot Barn and gave the stock a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research lowered Boot Barn from a “buy” rating to a “sell” rating in a report on Tuesday, April 3rd. ValuEngine raised shares of Boot Barn from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Robert W. Baird reissued a “buy” rating and set a $24.00 target price on shares of Boot Barn in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. Boot Barn presently has an average rating of “Buy” and a consensus price target of $17.75.
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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, ladies, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.
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