Sei Investments Co. purchased a new position in Boot Barn Holdings Inc (NYSE:BOOT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 37,509 shares of the company’s stock, valued at approximately $778,000. Sei Investments Co. owned 0.13% of Boot Barn as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN raised its stake in shares of Boot Barn by 16.9% during the 1st quarter. Wells Fargo & Company MN now owns 26,826 shares of the company’s stock worth $475,000 after acquiring an additional 3,885 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Boot Barn by 46.1% during the 1st quarter. Rhumbline Advisers now owns 17,998 shares of the company’s stock worth $319,000 after acquiring an additional 5,675 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Boot Barn during the 1st quarter worth approximately $107,000. Trexquant Investment LP bought a new position in shares of Boot Barn during the 1st quarter worth approximately $373,000. Finally, Victory Capital Management Inc. bought a new position in shares of Boot Barn during the 1st quarter worth approximately $130,000.
Shares of NYSE:BOOT traded down $0.88 during midday trading on Friday, reaching $25.71. The company’s stock had a trading volume of 709,002 shares, compared to its average volume of 728,031. The firm has a market capitalization of $795.36 million, a P/E ratio of 36.73, a PEG ratio of 1.15 and a beta of 1.84. Boot Barn Holdings Inc has a twelve month low of $7.37 and a twelve month high of $31.61. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.59 and a quick ratio of 0.20.
Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Tuesday, August 7th. The company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. The firm had revenue of $161.98 million for the quarter, compared to analyst estimates of $159.57 million. Boot Barn had a net margin of 4.98% and a return on equity of 11.04%. Equities analysts anticipate that Boot Barn Holdings Inc will post 1.08 EPS for the current fiscal year.
Several research analysts recently commented on BOOT shares. TheStreet upgraded shares of Boot Barn from a “c+” rating to a “b” rating in a research note on Tuesday, August 28th. Zacks Investment Research upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Tuesday, July 17th. ValuEngine lowered shares of Boot Barn from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Citigroup upped their price target on shares of Boot Barn from $28.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, September 21st. Finally, Pivotal Research set a $24.00 price target on shares of Boot Barn and gave the company a “hold” rating in a research note on Wednesday, August 8th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $26.33.
In related news, Director Peter Starrett sold 74,725 shares of the stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $29.44, for a total transaction of $2,199,904.00. Following the sale, the director now directly owns 68,412 shares of the company’s stock, valued at $2,014,049.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James Grant Conroy sold 98,870 shares of the stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $27.67, for a total transaction of $2,735,732.90. Following the sale, the chief executive officer now directly owns 64,515 shares in the company, valued at $1,785,130.05. The disclosure for this sale can be found here. Insiders sold 238,193 shares of company stock worth $6,841,756 in the last quarter. Company insiders own 2.00% of the company’s stock.
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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