Howe & Rusling Inc. Increases Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Howe & Rusling Inc. boosted its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 13.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,644 shares of the company’s stock after buying an additional 428 shares during the period. Howe & Rusling Inc.’s holdings in Boot Barn were worth $280,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BOOT. Headlands Technologies LLC boosted its position in shares of Boot Barn by 1,037.7% during the 4th quarter. Headlands Technologies LLC now owns 785 shares of the company’s stock worth $60,000 after purchasing an additional 716 shares in the last quarter. Allworth Financial LP boosted its position in shares of Boot Barn by 61,325.0% during the 3rd quarter. Allworth Financial LP now owns 2,457 shares of the company’s stock worth $199,000 after purchasing an additional 2,453 shares in the last quarter. Pathstone Family Office LLC purchased a new stake in shares of Boot Barn during the 3rd quarter worth $204,000. SG Americas Securities LLC purchased a new stake in shares of Boot Barn during the 4th quarter worth $199,000. Finally, Larson Financial Group LLC purchased a new stake in shares of Boot Barn during the 3rd quarter worth $220,000.

Insider Transactions at Boot Barn

In related news, Director Gene Eddie Burt sold 1,000 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $85.03, for a total value of $85,030.00. Following the completion of the transaction, the director now directly owns 1,542 shares in the company, valued at $131,116.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO James Grant Conroy sold 19,478 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $92.38, for a total transaction of $1,799,377.64. Following the sale, the chief executive officer now owns 46,273 shares in the company, valued at $4,274,699.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gene Eddie Burt sold 1,000 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $85.03, for a total value of $85,030.00. Following the sale, the director now owns 1,542 shares in the company, valued at approximately $131,116.26. The disclosure for this sale can be found here. Insiders sold a total of 26,339 shares of company stock worth $2,413,715 over the last three months. 2.20% of the stock is currently owned by insiders.

Boot Barn Stock Performance

BOOT opened at $102.05 on Thursday. The business has a 50 day moving average price of $94.86 and a 200 day moving average price of $82.55. Boot Barn Holdings, Inc. has a twelve month low of $64.33 and a twelve month high of $110.89. The firm has a market cap of $3.09 billion, a P/E ratio of 19.00 and a beta of 2.15.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.01. Boot Barn had a return on equity of 19.52% and a net margin of 9.62%. The company had revenue of $520.40 million during the quarter, compared to analyst estimates of $520.34 million. As a group, analysts anticipate that Boot Barn Holdings, Inc. will post 4.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BOOT has been the topic of several research analyst reports. Piper Sandler boosted their target price on shares of Boot Barn from $94.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. BTIG Research lifted their price target on Boot Barn from $100.00 to $127.00 and gave the stock a “buy” rating in a research note on Monday. KeyCorp assumed coverage on Boot Barn in a research note on Wednesday, February 7th. They set a “sector weight” rating for the company. StockNews.com lowered Boot Barn from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. Finally, Robert W. Baird increased their target price on Boot Barn from $70.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $109.11.

About Boot Barn

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.