State of Tennessee Treasury Department Grows Stock Position in Boot Barn Holdings Inc (NYSE:BOOT)

State of Tennessee Treasury Department boosted its stake in Boot Barn Holdings Inc (NYSE:BOOT) by 50.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,602 shares of the company’s stock after acquiring an additional 8,593 shares during the quarter. State of Tennessee Treasury Department’s holdings in Boot Barn were worth $894,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Capital Group LLC boosted its stake in shares of Boot Barn by 110.6% during the 2nd quarter. Private Capital Group LLC now owns 1,255 shares of the company’s stock valued at $26,000 after buying an additional 659 shares during the last quarter. LS Investment Advisors LLC purchased a new position in shares of Boot Barn during the 2nd quarter valued at approximately $33,000. Sterling Investment Advisors Ltd. purchased a new position in shares of Boot Barn during the 2nd quarter valued at approximately $36,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Boot Barn by 43.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,568 shares of the company’s stock valued at $56,000 after buying an additional 476 shares during the last quarter. Finally, Flinton Capital Management LLC purchased a new position in shares of Boot Barn during the 2nd quarter valued at approximately $90,000.

In other Boot Barn news, CEO James Grant Conroy sold 14,874 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $32.04, for a total value of $476,562.96. Following the sale, the chief executive officer now directly owns 21,505 shares of the company’s stock, valued at $689,020.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Hazen sold 13,619 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $33.77, for a total value of $459,913.63. Following the completion of the sale, the insider now directly owns 13,619 shares in the company, valued at $459,913.63. The disclosure for this sale can be found here. Insiders sold 60,968 shares of company stock worth $2,072,477 over the last ninety days. 1.70% of the stock is owned by corporate insiders.

Shares of BOOT opened at $42.40 on Thursday. The business’s fifty day moving average price is $36.56 and its 200 day moving average price is $33.05. Boot Barn Holdings Inc has a 12-month low of $15.01 and a 12-month high of $42.70. The stock has a market capitalization of $1.18 billion, a PE ratio of 34.19, a price-to-earnings-growth ratio of 1.56 and a beta of 2.31. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.14 and a quick ratio of 0.12.

Boot Barn (NYSE:BOOT) last issued its earnings results on Wednesday, October 30th. The company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.04. Boot Barn had a return on equity of 16.61% and a net margin of 5.51%. The firm had revenue of $187.20 million for the quarter, compared to analyst estimates of $184.13 million. During the same period last year, the company earned $0.12 earnings per share. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, research analysts anticipate that Boot Barn Holdings Inc will post 1.76 earnings per share for the current fiscal year.

Several equities analysts have recently commented on the company. Stephens began coverage on Boot Barn in a research note on Tuesday, October 8th. They set an “overweight” rating and a $46.00 target price for the company. ValuEngine upgraded Boot Barn from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Cowen set a $42.00 price objective on Boot Barn and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Craig Hallum began coverage on Boot Barn in a research note on Friday, October 4th. They set a “buy” rating and a $46.00 price objective on the stock. Finally, Peel Hunt restated a “buy” rating on shares of Boot Barn in a research note on Monday, October 28th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $38.17.

Boot Barn Company Profile

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

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