Boot Barn Holdings, Inc. (NYSE:BOOT) Stake Boosted by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA grew its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOTGet Rating) by 58.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,707 shares of the company’s stock after acquiring an additional 16,841 shares during the period. BNP Paribas Arbitrage SA’s holdings in Boot Barn were worth $5,624,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BOOT. FMR LLC grew its holdings in shares of Boot Barn by 15.9% during the 1st quarter. FMR LLC now owns 1,099,719 shares of the company’s stock valued at $32,376,000 after acquiring an additional 150,763 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Boot Barn by 2.2% during the 1st quarter. First Trust Advisors LP now owns 89,108 shares of the company’s stock valued at $2,623,000 after acquiring an additional 1,926 shares in the last quarter. Morgan Stanley grew its holdings in shares of Boot Barn by 25.7% during the 2nd quarter. Morgan Stanley now owns 219,259 shares of the company’s stock valued at $18,428,000 after acquiring an additional 44,800 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Boot Barn by 36.6% during the 3rd quarter. Victory Capital Management Inc. now owns 9,595 shares of the company’s stock valued at $853,000 after acquiring an additional 2,572 shares in the last quarter. Finally, Advisor Group Holdings Inc. grew its holdings in shares of Boot Barn by 171.4% during the 3rd quarter. Advisor Group Holdings Inc. now owns 23,214 shares of the company’s stock valued at $2,063,000 after acquiring an additional 14,662 shares in the last quarter.

In other news, insider John Hazen sold 2,420 shares of the company’s stock in a transaction dated Wednesday, March 23rd. The shares were sold at an average price of $99.73, for a total transaction of $241,346.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James M. Watkins purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, February 24th. The stock was acquired at an average cost of $77.00 per share, with a total value of $192,500.00. The disclosure for this purchase can be found here. 0.86% of the stock is currently owned by corporate insiders.

BOOT stock opened at $90.51 on Friday. Boot Barn Holdings, Inc. has a 52-week low of $69.44 and a 52-week high of $134.50. The company has a 50-day moving average of $93.95 and a two-hundred day moving average of $102.83. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 0.67 and a beta of 2.78.

Boot Barn (NYSE:BOOTGet Rating) last released its quarterly earnings results on Tuesday, May 10th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.15. The company had revenue of $383.31 million during the quarter, compared to analysts’ expectations of $354.02 million. Boot Barn had a net margin of 12.93% and a return on equity of 36.19%. The business’s quarterly revenue was up 48.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 earnings per share. On average, equities analysts forecast that Boot Barn Holdings, Inc. will post 6.43 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on the stock. Craig Hallum decreased their price objective on shares of Boot Barn from $162.00 to $145.00 in a report on Wednesday. StockNews.com assumed coverage on shares of Boot Barn in a report on Thursday, March 31st. They issued a “hold” rating for the company. Piper Sandler upgraded shares of Boot Barn from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $109.00 to $121.00 in a report on Friday, May 6th. Robert W. Baird decreased their price objective on shares of Boot Barn from $145.00 to $130.00 in a report on Friday, January 28th. Finally, Zacks Investment Research cut shares of Boot Barn from a “buy” rating to a “hold” rating in a report on Tuesday, April 19th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Boot Barn currently has a consensus rating of “Buy” and a consensus price target of $124.00.

Boot Barn Company Profile (Get Rating)

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.

Further Reading

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

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