Howe & Rusling Inc. Has $390,000 Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

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

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in Boot Barn by 1.0% during the 3rd 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. Dale Q Rice Investment Management Ltd purchased a new stake in shares of Boot Barn in the fourth quarter valued at about $1,544,000. Stephens Investment Management Group LLC bought a new position in shares of Boot Barn during the fourth quarter valued at about $46,699,000. Alberta Investment Management Corp purchased a new position in Boot Barn during the fourth quarter worth about $2,842,000. Finally, JPMorgan Chase & Co. grew its position in Boot Barn by 56.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company’s stock worth $23,638,000 after purchasing an additional 51,032 shares in the last quarter.

Boot Barn Price Performance

Shares of BOOT 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 company has a market capitalization of $3.28 billion, a P/E ratio of 19.17, a P/E/G ratio of 1.17 and a beta of 2.07. The firm’s 50 day simple moving average is $131.03 and its 200 day simple moving average is $143.79.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, beating 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 anticipate 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 Boot Barn 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 directly owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

BOOT has been the topic of several recent analyst reports. UBS Group dropped their target price on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. KeyCorp raised Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research report on Thursday, January 23rd. Bank of America upped their price objective on Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Piper Sandler reiterated an “overweight” rating and set a $181.00 target price (up from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. Finally, Craig Hallum set a $178.00 price target on shares of 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 assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $181.92.

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.