Janney Montgomery Scott LLC Makes New $406,000 Investment in Boot Barn Holdings, Inc. (NYSE:BOOT)

Janney Montgomery Scott LLC bought a new position in shares of 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 (SEC). The firm bought 4,799 shares of the company’s stock, valued at approximately $406,000.

Other hedge funds also recently bought and sold shares of the company. Arcadia Investment Management Corp MI boosted its stake in Boot Barn by 293.8% during the first quarter. Arcadia Investment Management Corp MI now owns 638 shares of the company’s stock worth $49,000 after buying an additional 476 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of Boot Barn during the first quarter worth about $68,000. Tower Research Capital LLC TRC lifted its position in shares of Boot Barn by 463.9% during the first quarter. Tower Research Capital LLC TRC now owns 1,359 shares of the company’s stock worth $104,000 after purchasing an additional 1,118 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Boot Barn by 75.3% during the fourth quarter. Lazard Asset Management LLC now owns 1,686 shares of the company’s stock worth $105,000 after purchasing an additional 724 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Boot Barn during the second quarter worth about $105,000.

Insider Transactions at Boot Barn

In related news, CEO James Grant Conroy sold 113,636 shares of Boot Barn stock in a transaction on Monday, August 14th. The shares were sold at an average price of $93.09, for a total value of $10,578,375.24. Following the transaction, the chief executive officer now directly owns 46,273 shares in the company, valued at approximately $4,307,553.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Boot Barn news, insider Michael A. Love sold 10,250 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $94.94, for a total value of $973,135.00. Following the completion of the sale, the insider now owns 2,965 shares of the company’s stock, valued at $281,497.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO James Grant Conroy sold 113,636 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $93.09, for a total value of $10,578,375.24. Following the completion of the sale, the chief executive officer now directly owns 46,273 shares of the company’s stock, valued at approximately $4,307,553.57. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 129,879 shares of company stock worth $12,134,150. Insiders own 2.20% of the company’s stock.

Boot Barn Trading Up 0.1 %

Shares of BOOT opened at $69.50 on Wednesday. The firm has a market cap of $2.08 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 2.07 and a beta of 2.34. The company’s 50 day simple moving average is $82.20 and its 200-day simple moving average is $81.44. Boot Barn Holdings, Inc. has a 12-month low of $50.20 and a 12-month high of $104.91.

Boot Barn (NYSE:BOOT) last announced its earnings results on Wednesday, August 2nd. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.27. The business had revenue of $383.70 million for the quarter, compared to analyst estimates of $362.49 million. Boot Barn had a net margin of 9.88% and a return on equity of 22.03%. As a group, equities research analysts forecast that Boot Barn Holdings, Inc. will post 5.24 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on BOOT. Bank of America increased their price target on shares of Boot Barn from $113.00 to $118.00 in a research report on Thursday, August 10th. UBS Group raised their target price on shares of Boot Barn from $74.00 to $88.00 in a report on Thursday, August 3rd. StockNews.com assumed coverage on shares of Boot Barn in a report on Thursday, October 5th. They issued a “sell” rating on the stock. BTIG Research raised their target price on shares of Boot Barn from $98.00 to $115.00 in a report on Thursday, August 3rd. Finally, Craig Hallum raised their target price on shares of Boot Barn from $112.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $105.78.

About Boot Barn

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.