Mirae Asset Global Investments Co. Ltd. Has $1.08 Million Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Mirae Asset Global Investments Co. Ltd. boosted its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 5.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 14,016 shares of the company’s stock after purchasing an additional 760 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Boot Barn were worth $1,076,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Allworth Financial LP raised its position in shares of Boot Barn by 61,325.0% in the third quarter. Allworth Financial LP now owns 2,457 shares of the company’s stock valued at $199,000 after purchasing an additional 2,453 shares during the period. SG Americas Securities LLC acquired a new position in Boot Barn in the 4th quarter valued at about $199,000. Pathstone Family Office LLC bought a new position in Boot Barn in the 3rd quarter valued at about $204,000. Larson Financial Group LLC acquired a new stake in Boot Barn during the third quarter worth approximately $220,000. Finally, J.P. Morgan Private Wealth Advisors LLC lifted its position in Boot Barn by 7.7% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 3,056 shares of the company’s stock worth $248,000 after acquiring an additional 219 shares during the last quarter.

Insider Activity at Boot Barn

In other Boot Barn news, CEO James Grant Conroy sold 19,478 shares of Boot Barn stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $92.38, for a total transaction of $1,799,377.64. Following the transaction, the chief executive officer now directly owns 46,273 shares of the company’s stock, valued at approximately $4,274,699.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Boot Barn news, CEO James Grant Conroy sold 19,478 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $92.38, for a total transaction of $1,799,377.64. Following the completion of the transaction, the chief executive officer now owns 46,273 shares in the company, valued at approximately $4,274,699.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Laurie Marie Grijalva sold 5,861 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $90.31, for a total transaction of $529,306.91. Following the completion of the sale, the insider now directly owns 5,861 shares in the company, valued at $529,306.91. The disclosure for this sale can be found here. Insiders sold 26,339 shares of company stock worth $2,413,715 over the last three months. Company insiders own 2.20% of the company’s stock.

Boot Barn Stock Up 3.4 %

Shares of BOOT opened at $106.65 on Wednesday. The business has a 50-day simple moving average of $92.85 and a two-hundred day simple moving average of $81.46. Boot Barn Holdings, Inc. has a 12-month low of $64.33 and a 12-month high of $109.51. The stock has a market cap of $3.23 billion, a PE ratio of 19.86 and a beta of 2.19.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Wednesday, January 31st. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.01. Boot Barn had a net margin of 9.62% and a return on equity of 19.52%. The business had revenue of $520.40 million during the quarter, compared to analyst estimates of $520.34 million. On average, equities research analysts expect that Boot Barn Holdings, Inc. will post 4.72 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. B. Riley lowered their target price on Boot Barn from $92.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. StockNews.com cut Boot Barn from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. BTIG Research decreased their price target on shares of Boot Barn from $102.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Robert W. Baird lifted their price target on shares of Boot Barn from $70.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Finally, Piper Sandler boosted their price target on Boot Barn from $94.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $105.56.

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.