Amalgamated Bank Reduces Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Amalgamated Bank trimmed its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOTFree Report) by 1.8% during the fourth quarter, Holdings Channel reports. The fund owned 13,064 shares of the company’s stock after selling 236 shares during the quarter. Amalgamated Bank’s holdings in Boot Barn were worth $1,003,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Arizona State Retirement System increased its position in shares of Boot Barn by 1.7% during the third quarter. Arizona State Retirement System now owns 8,516 shares of the company’s stock worth $691,000 after acquiring an additional 142 shares during the last quarter. Natixis Advisors L.P. grew its stake in Boot Barn by 0.5% in the fourth quarter. Natixis Advisors L.P. now owns 32,608 shares of the company’s stock worth $2,502,000 after purchasing an additional 149 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC grew its stake in Boot Barn by 7.7% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 3,056 shares of the company’s stock worth $248,000 after purchasing an additional 219 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Boot Barn by 2.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,256 shares of the company’s stock worth $1,076,000 after purchasing an additional 337 shares in the last quarter. Finally, Tilia Fiduciary Partners Inc. grew its stake in Boot Barn by 4.1% in the fourth quarter. Tilia Fiduciary Partners Inc. now owns 10,030 shares of the company’s stock worth $770,000 after purchasing an additional 399 shares in the last quarter.

Boot Barn Trading Up 2.7 %

Shares of NYSE BOOT opened at $109.93 on Thursday. The stock has a 50 day simple moving average of $97.89 and a 200-day simple moving average of $84.72. The company has a market cap of $3.33 billion, a PE ratio of 20.47 and a beta of 2.15. Boot Barn Holdings, Inc. has a 12-month low of $64.33 and a 12-month high of $111.43.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com downgraded Boot Barn from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. KeyCorp assumed coverage on Boot Barn in a research note on Wednesday, February 7th. They issued a “sector weight” rating for the company. Robert W. Baird lifted their price target on Boot Barn from $90.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday. Piper Sandler lifted their price target on Boot Barn from $94.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Finally, JPMorgan Chase & Co. lifted their target price on Boot Barn from $85.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $109.55.

Check Out Our Latest Research Report on BOOT

Insider Transactions at Boot Barn

In other news, 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 completion of the transaction, the chief executive officer now directly owns 46,273 shares in the company, valued at $4,274,699.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.20% of the company’s stock.

About Boot Barn

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding BOOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boot Barn Holdings, Inc. (NYSE:BOOTFree Report).

Institutional Ownership by Quarter for Boot Barn (NYSE:BOOT)

Receive News & Ratings for Boot Barn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boot Barn and related companies with MarketBeat.com's FREE daily email newsletter.