Boot Barn Holdings, Inc. $BOOT Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 261.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 16,744 shares of the company’s stock after buying an additional 12,116 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Boot Barn were worth $2,775,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. ORG Partners LLC purchased a new position in shares of Boot Barn during the 3rd quarter worth $25,000. Bessemer Group Inc. lifted its position in Boot Barn by 134.2% in the second quarter. Bessemer Group Inc. now owns 185 shares of the company’s stock valued at $28,000 after buying an additional 106 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Boot Barn by 164.4% during the third quarter. Parkside Financial Bank & Trust now owns 193 shares of the company’s stock worth $32,000 after buying an additional 120 shares during the period. Salomon & Ludwin LLC acquired a new stake in shares of Boot Barn during the third quarter valued at about $42,000. Finally, Independence Bank of Kentucky purchased a new stake in shares of Boot Barn in the 3rd quarter valued at approximately $46,000.

Insiders Place Their Bets

In related news, Director Gene Eddie Burt sold 1,200 shares of Boot Barn stock in a transaction on Monday, December 1st. The shares were sold at an average price of $191.41, for a total transaction of $229,692.00. Following the sale, the director directly owned 3,338 shares in the company, valued at $638,926.58. This trade represents a 26.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Peter Starrett sold 6,498 shares of Boot Barn stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $190.00, for a total value of $1,234,620.00. Following the sale, the chairman owned 9,599 shares in the company, valued at $1,823,810. This trade represents a 40.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.66% of the company’s stock.

Boot Barn Trading Down 1.1%

Shares of NYSE:BOOT opened at $178.16 on Wednesday. The company has a market cap of $5.43 billion, a PE ratio of 26.35, a P/E/G ratio of 1.34 and a beta of 1.61. The company’s 50 day moving average is $191.35 and its two-hundred day moving average is $181.88. Boot Barn Holdings, Inc. has a 52 week low of $86.17 and a 52 week high of $210.25.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.11. Boot Barn had a return on equity of 18.11% and a net margin of 10.05%.The company had revenue of $505.40 million during the quarter, compared to the consensus estimate of $493.70 million. During the same period in the previous year, the business earned $0.95 EPS. Boot Barn’s revenue for the quarter was up 18.7% on a year-over-year basis. As a group, equities research analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Boot Barn from $276.00 to $282.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. The Goldman Sachs Group started coverage on Boot Barn in a research report on Thursday, December 11th. They set a “buy” rating and a $225.00 price target for the company. Citigroup boosted their price objective on Boot Barn from $225.00 to $230.00 and gave the company a “buy” rating in a report on Friday, January 16th. UBS Group raised their target price on Boot Barn from $248.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Boot Barn in a research report on Wednesday, January 21st. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $206.08.

Boot Barn Company Profile

Boot Barn, Inc is a leading specialty retailer focused on western and work-related footwear, apparel and accessories. The company operates full-price and outlet retail stores under the Boot Barn and BootBarn.com brands, offering a wide assortment of cowboy boots, work boots, casual and fashion footwear, western and work apparel, hats, belts and related accessories. In addition to its brick-and-mortar network, Boot Barn maintains an e-commerce platform to serve customers seeking ranch-and-rodeo style clothing and rugged workwear from coast to coast.

Founded in 1978 in Southern California, Boot Barn began as a single store catering to ranchers, farmworkers and western enthusiasts.