Westwood Holdings Group Inc. Purchases New Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Westwood Holdings Group Inc. acquired a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOTFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 421,584 shares of the company’s stock, valued at approximately $32,361,000. Westwood Holdings Group Inc. owned approximately 1.39% of Boot Barn as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC raised its stake in shares of Boot Barn by 1,037.7% during the fourth quarter. Headlands Technologies LLC now owns 785 shares of the company’s stock worth $60,000 after buying an additional 716 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of Boot Barn in the 4th quarter valued at $102,000. Quest Partners LLC bought a new position in shares of Boot Barn in the 4th quarter worth $112,000. Pathstone Family Office LLC acquired a new stake in shares of Boot Barn during the third quarter worth $204,000. Finally, SG Americas Securities LLC bought a new stake in Boot Barn in the fourth quarter valued at about $199,000.

Insider Activity

In other news, Director Brenda I. Morris sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $110.11, for a total transaction of $165,165.00. Following the sale, the director now owns 4,546 shares in the company, valued at approximately $500,560.06. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Brenda I. Morris sold 1,500 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $110.11, for a total transaction of $165,165.00. Following the transaction, the director now directly owns 4,546 shares in the company, valued at approximately $500,560.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael A. Love sold 1,079 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $110.21, for a total transaction of $118,916.59. Following the completion of the sale, the insider now owns 2,112 shares of the company’s stock, valued at $232,763.52. The disclosure for this sale can be found here. Insiders sold 11,795 shares of company stock worth $1,329,686 in the last quarter. Corporate insiders own 2.20% of the company’s stock.

Boot Barn Stock Performance

Boot Barn stock traded down $0.69 during midday trading on Friday, reaching $128.01. The stock had a trading volume of 600,620 shares, compared to its average volume of 910,845. Boot Barn Holdings, Inc. has a 1-year low of $66.73 and a 1-year high of $131.85. The firm’s fifty day simple moving average is $107.96 and its 200-day simple moving average is $90.00. The stock has a market capitalization of $3.89 billion, a P/E ratio of 26.67 and a beta of 2.16.

Boot Barn (NYSE:BOOTGet Free Report) last announced its quarterly earnings data on Tuesday, May 14th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. The business had revenue of $388.46 million for the quarter, compared to analyst estimates of $383.67 million. Boot Barn had a net margin of 8.82% and a return on equity of 16.84%. On average, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 4.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BOOT has been the subject of several analyst reports. Piper Sandler boosted their target price on Boot Barn from $94.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. TD Cowen upped their target price on shares of Boot Barn from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday. Benchmark lifted their price target on shares of Boot Barn from $88.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Robert W. Baird upped their price objective on shares of Boot Barn from $100.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Craig Hallum lifted their target price on Boot Barn from $120.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $120.64.

View Our Latest Research Report on Boot Barn

Boot Barn Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Boot Barn (NYSE:BOOT)

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