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

Skylands Capital LLC decreased its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 26.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,849 shares of the company’s stock after selling 3,500 shares during the period. Skylands Capital LLC’s holdings in Boot Barn were worth $1,495,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. acquired a new position in shares of Boot Barn in the 3rd quarter worth approximately $25,000. Blue Trust Inc. raised its holdings in Boot Barn by 1,430.0% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock worth $26,000 after purchasing an additional 143 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Boot Barn in the fourth quarter valued at $102,000. KBC Group NV lifted its holdings in Boot Barn by 23.3% in the 3rd quarter. KBC Group NV now owns 951 shares of the company’s stock valued at $159,000 after acquiring an additional 180 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in Boot Barn by 13.9% during the fourth quarter. First Horizon Advisors Inc. now owns 1,095 shares of the company’s stock worth $166,000 after buying an additional 134 shares in the last quarter.

Boot Barn Stock Performance

BOOT stock opened at $128.11 on Monday. Boot Barn Holdings, Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $176.64. The business’s 50-day moving average is $151.12 and its two-hundred day moving average is $148.25. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 1.17 and a beta of 2.10.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, beating 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%. Equities analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Insiders Place Their Bets

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total transaction of $965,456.78. Following the transaction, the chief executive officer now owns 3,937 shares in the company, valued at approximately $602,282.26. This represents a 61.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. StockNews.com cut shares of Boot Barn from a “hold” rating to a “sell” rating in a report on Monday, February 17th. Williams Trading restated a “buy” rating and set a $173.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. KeyCorp raised Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a report on Thursday, January 23rd. Finally, Craig Hallum set a $178.00 price objective on Boot Barn in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and a consensus price target of $184.83.

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.