Russell Investments Group Ltd. Sells 22,453 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Russell Investments Group Ltd. cut its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 16.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 116,678 shares of the company’s stock after selling 22,453 shares during the period. Russell Investments Group Ltd.’s holdings in Boot Barn were worth $8,956,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC raised its position in Boot Barn by 1,037.7% in the 4th quarter. Headlands Technologies LLC now owns 785 shares of the company’s stock worth $60,000 after purchasing an additional 716 shares during the period. Allworth Financial LP lifted its stake in shares of Boot Barn by 61,325.0% during the 3rd quarter. Allworth Financial LP now owns 2,457 shares of the company’s stock worth $199,000 after acquiring an additional 2,453 shares during the last quarter. Pathstone Family Office LLC bought a new stake in shares of Boot Barn during the 3rd quarter worth approximately $204,000. SG Americas Securities LLC purchased a new position in Boot Barn during the 4th quarter valued at $199,000. Finally, Larson Financial Group LLC bought a new position in Boot Barn in the 3rd quarter valued at $220,000.

Insider Activity at Boot Barn

In other news, CEO James Grant Conroy sold 19,478 shares of the company’s stock in a transaction on 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 $4,274,699.74. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Laurie Marie Grijalva sold 5,861 shares of Boot Barn stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $90.31, for a total value of $529,306.91. Following the completion of the sale, the insider now directly owns 5,861 shares in the company, valued at approximately $529,306.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James Grant Conroy sold 19,478 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 46,273 shares in the company, valued at approximately $4,274,699.74. The disclosure for this sale can be found here. Insiders sold 26,339 shares of company stock valued at $2,413,715 over the last 90 days. Insiders own 2.20% of the company’s stock.

Boot Barn Stock Performance

Shares of Boot Barn stock opened at $104.75 on Tuesday. Boot Barn Holdings, Inc. has a one year low of $64.33 and a one year high of $110.89. The company has a market capitalization of $3.17 billion, a PE ratio of 19.51 and a beta of 2.15. The company has a 50-day simple moving average of $95.79 and a two-hundred day simple moving average of $83.14.

Wall Street Analyst Weigh In

BOOT has been the topic of a number of research analyst reports. TD Cowen upped their price target on shares of Boot Barn from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, April 29th. B. Riley dropped their target price on shares of Boot Barn from $92.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. KeyCorp started coverage on shares of Boot Barn in a research note on Wednesday, February 7th. They set a “sector weight” rating for the company. Robert W. Baird boosted their price target on Boot Barn from $70.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Finally, Piper Sandler raised their price objective on Boot Barn from $94.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $109.11.

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.