State Board of Administration of Florida Retirement System Has $618,000 Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

State Board of Administration of Florida Retirement System cut its position in Boot Barn Holdings, Inc. (NYSE:BOOTGet Rating) by 3.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,971 shares of the company’s stock after selling 340 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Boot Barn were worth $618,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BOOT. Victory Capital Management Inc. boosted its position in Boot Barn by 3,057.7% in the first quarter. Victory Capital Management Inc. now owns 355,018 shares of the company’s stock valued at $33,580,000 after buying an additional 343,775 shares in the last quarter. Eagle Asset Management Inc. bought a new position in shares of Boot Barn in the first quarter worth about $24,268,000. The Manufacturers Life Insurance Company raised its stake in shares of Boot Barn by 103.7% in the first quarter. The Manufacturers Life Insurance Company now owns 309,737 shares of the company’s stock worth $29,360,000 after acquiring an additional 157,669 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Boot Barn by 7,720.0% in the first quarter. Renaissance Technologies LLC now owns 156,400 shares of the company’s stock worth $14,825,000 after acquiring an additional 154,400 shares during the last quarter. Finally, Braun Stacey Associates Inc. bought a new position in shares of Boot Barn in the second quarter worth about $8,377,000.

Boot Barn Trading Up 0.0 %

Shares of BOOT opened at $61.21 on Friday. Boot Barn Holdings, Inc. has a 12 month low of $50.20 and a 12 month high of $131.81. The firm has a fifty day simple moving average of $59.28 and a 200 day simple moving average of $68.94. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 10.05, a PEG ratio of 0.53 and a beta of 2.34.

Boot Barn (NYSE:BOOTGet Rating) last announced its earnings results on Wednesday, October 26th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.90 by $0.16. Boot Barn had a net margin of 11.68% and a return on equity of 29.71%. The business had revenue of $351.55 million during the quarter, compared to analysts’ expectations of $343.00 million. During the same quarter in the prior year, the company posted $1.22 earnings per share. The firm’s revenue was up 12.4% on a year-over-year basis. As a group, research analysts predict that Boot Barn Holdings, Inc. will post 5.79 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Boot Barn news, CFO James M. Watkins bought 2,500 shares of Boot Barn stock in a transaction that occurred on Wednesday, November 9th. The stock was acquired at an average price of $52.34 per share, for a total transaction of $130,850.00. Following the completion of the acquisition, the chief financial officer now owns 11,730 shares of the company’s stock, valued at approximately $613,948.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Peter Starrett purchased 4,000 shares of the company’s stock in a transaction on Monday, August 22nd. The shares were purchased at an average cost of $70.88 per share, with a total value of $283,520.00. Following the completion of the transaction, the director now owns 14,799 shares of the company’s stock, valued at approximately $1,048,953.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO James M. Watkins purchased 2,500 shares of the company’s stock in a transaction on Wednesday, November 9th. The shares were purchased at an average cost of $52.34 per share, for a total transaction of $130,850.00. Following the completion of the transaction, the chief financial officer now directly owns 11,730 shares of the company’s stock, valued at approximately $613,948.20. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BOOT shares. Cowen dropped their target price on shares of Boot Barn from $140.00 to $90.00 in a research note on Thursday, July 28th. Citigroup lowered their target price on shares of Boot Barn from $99.00 to $93.00 and set a “buy” rating for the company in a research note on Thursday, October 27th. Cowen lowered their target price on shares of Boot Barn from $140.00 to $90.00 in a research note on Thursday, July 28th. UBS Group reduced their price target on shares of Boot Barn to $64.00 in a report on Friday, November 4th. Finally, Seaport Res Ptn upgraded shares of Boot Barn from a “neutral” rating to a “buy” rating in a report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $99.56.

Boot Barn Profile

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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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