Optimize Financial Inc Acquires Shares of 3,270 Boot Barn Holdings, Inc. $BOOT

Optimize Financial Inc bought a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) in the third quarter, Holdings Channel reports. The firm bought 3,270 shares of the company’s stock, valued at approximately $542,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Campbell Newman Asset Management Inc. boosted its position in shares of Boot Barn by 0.5% in the 3rd quarter. Campbell Newman Asset Management Inc. now owns 12,944 shares of the company’s stock worth $2,145,000 after purchasing an additional 60 shares during the last quarter. Park Avenue Securities LLC increased its holdings in Boot Barn by 2.4% in the third quarter. Park Avenue Securities LLC now owns 2,826 shares of the company’s stock valued at $468,000 after purchasing an additional 66 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in Boot Barn by 3.4% in the second quarter. Verdence Capital Advisors LLC now owns 2,270 shares of the company’s stock valued at $345,000 after buying an additional 74 shares during the period. Amalgamated Bank boosted its holdings in Boot Barn by 0.9% during the third quarter. Amalgamated Bank now owns 8,755 shares of the company’s stock worth $1,451,000 after buying an additional 79 shares during the last quarter. Finally, Gibbs Wealth Management boosted its holdings in Boot Barn by 1.9% during the third quarter. Gibbs Wealth Management now owns 4,786 shares of the company’s stock worth $793,000 after buying an additional 87 shares during the last quarter.

Insider Activity at Boot Barn

In related news, Director Gene Eddie Burt sold 1,200 shares of the firm’s 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.66% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BOOT shares. BTIG Research upped their price target on Boot Barn from $226.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Zacks Research cut shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Citigroup increased their target price on shares of Boot Barn from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of Boot Barn in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Boot Barn from $276.00 to $282.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Boot Barn currently has an average rating of “Moderate Buy” and a consensus target price of $206.08.

Boot Barn Stock Performance

NYSE BOOT opened at $181.50 on Wednesday. Boot Barn Holdings, Inc. has a 52-week low of $86.17 and a 52-week high of $210.25. The business has a 50 day simple moving average of $190.88 and a 200 day simple moving average of $182.23. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 1.36 and a beta of 1.67.

About Boot Barn

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.