Mutual of America Capital Management LLC Purchases 230 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Mutual of America Capital Management LLC raised its position in Boot Barn Holdings, Inc. (NYSE:BOOTGet Rating) by 5.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 4,275 shares of the company’s stock after acquiring an additional 230 shares during the period. Mutual of America Capital Management LLC’s holdings in Boot Barn were worth $405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Invesco Ltd. raised its stake in shares of Boot Barn by 40.7% during the 4th quarter. Invesco Ltd. now owns 993,480 shares of the company’s stock valued at $122,247,000 after purchasing an additional 287,417 shares during the period. Marshall Wace LLP raised its stake in shares of Boot Barn by 199.7% during the 4th quarter. Marshall Wace LLP now owns 779,084 shares of the company’s stock valued at $95,867,000 after purchasing an additional 519,172 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Boot Barn during the 4th quarter valued at $53,061,000. Principal Financial Group Inc. raised its stake in shares of Boot Barn by 24.0% during the 4th quarter. Principal Financial Group Inc. now owns 301,436 shares of the company’s stock valued at $37,091,000 after purchasing an additional 58,374 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Boot Barn by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 243,769 shares of the company’s stock valued at $29,996,000 after purchasing an additional 13,688 shares during the period.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BOOT. Piper Sandler decreased their price objective on Boot Barn from $132.00 to $98.00 and set an “overweight” rating on the stock in a research note on Thursday. Citigroup reduced their target price on Boot Barn from $132.00 to $110.00 in a research report on Thursday. Craig Hallum reduced their target price on Boot Barn from $145.00 to $120.00 in a research report on Thursday. StockNews.com cut Boot Barn from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Cowen reduced their target price on Boot Barn from $140.00 to $90.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.18.

Boot Barn Trading Down 1.5 %

BOOT opened at $62.30 on Monday. The stock has a 50-day moving average price of $74.12 and a 200-day moving average price of $85.49. Boot Barn Holdings, Inc. has a 12-month low of $58.51 and a 12-month high of $134.50. The stock has a market capitalization of $1.86 billion, a P/E ratio of 9.83, a PEG ratio of 0.52 and a beta of 2.75.

Boot Barn (NYSE:BOOTGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.15. Boot Barn had a return on equity of 36.19% and a net margin of 12.93%. The firm had revenue of $383.31 million during the quarter, compared to analysts’ expectations of $354.02 million. During the same period in the prior year, the business earned $0.75 EPS. The company’s revenue for the quarter was up 48.1% compared to the same quarter last year. On average, equities research analysts predict that Boot Barn Holdings, Inc. will post 6.42 EPS for the current year.

Insider Transactions at Boot Barn

In related news, insider John Hazen sold 6,312 shares of the stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $74.51, for a total transaction of $470,307.12. Following the completion of the sale, the insider now directly owns 6,653 shares in the company, valued at approximately $495,715.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Peter Starrett bought 1,200 shares of the company’s stock in a transaction that occurred on Friday, May 27th. The stock was bought at an average cost of $80.89 per share, for a total transaction of $97,068.00. Following the acquisition, the director now directly owns 10,799 shares of the company’s stock, valued at approximately $873,531.11. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Hazen sold 6,312 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $74.51, for a total value of $470,307.12. Following the transaction, the insider now directly owns 6,653 shares of the company’s stock, valued at approximately $495,715.03. The disclosure for this sale can be found here. In the last three months, insiders sold 10,506 shares of company stock worth $781,292. 1.20% of the stock is currently owned by corporate insiders.

About Boot Barn

(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.

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Want to see what other hedge funds are holding BOOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boot Barn Holdings, Inc. (NYSE:BOOTGet Rating).



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