Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its holdings in Boot Barn Holdings, Inc. (NYSE:BOOTFree Report) by 25.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 375,613 shares of the company’s stock after purchasing an additional 75,432 shares during the period. The Manufacturers Life Insurance Company owned about 1.24% of Boot Barn worth $28,832,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Headlands Technologies LLC lifted its position in Boot Barn by 1,037.7% during the fourth quarter. Headlands Technologies LLC now owns 785 shares of the company’s stock worth $60,000 after buying an additional 716 shares in the last quarter. Principal Securities Inc. purchased a new stake in Boot Barn in the fourth quarter valued at $102,000. Quest Partners LLC purchased a new stake in Boot Barn in the fourth quarter valued at $112,000. SG Americas Securities LLC purchased a new stake in Boot Barn in the fourth quarter valued at $199,000. Finally, Pathstone Family Office LLC purchased a new stake in Boot Barn in the third quarter valued at $204,000.

Analyst Ratings Changes

A number of research firms have commented on BOOT. JPMorgan Chase & Co. lifted their target price on Boot Barn from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, May 21st. Robert W. Baird lifted their target price on Boot Barn from $100.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday. BTIG Research boosted their price objective on Boot Barn from $125.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday. Benchmark boosted their price objective on Boot Barn from $88.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Finally, Craig Hallum boosted their price objective on Boot Barn from $120.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $120.64.

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Boot Barn Price Performance

BOOT opened at $128.01 on Friday. Boot Barn Holdings, Inc. has a 12 month low of $66.73 and a 12 month high of $131.85. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 26.67 and a beta of 2.16. The business has a fifty day moving average price of $107.30 and a 200 day moving average price of $89.60.

Boot Barn (NYSE:BOOTGet Free Report) last released its quarterly earnings data on Tuesday, May 14th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.12. The business had revenue of $388.46 million during the quarter, compared to analysts’ expectations of $383.67 million. Boot Barn had a return on equity of 16.84% and a net margin of 8.82%. On average, research analysts anticipate that Boot Barn Holdings, Inc. will post 4.82 earnings per share for the current year.

Insider Transactions at Boot Barn

In other news, insider Michael A. Love sold 5,653 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $113.61, for a total transaction of $642,237.33. Following the completion of the transaction, the insider now directly owns 2,327 shares of the company’s stock, valued at approximately $264,370.47. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Michael A. Love sold 5,653 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $113.61, for a total transaction of $642,237.33. Following the completion of the transaction, the insider now directly owns 2,327 shares of the company’s stock, valued at approximately $264,370.47. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Brenda I. Morris sold 1,500 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $110.11, for a total value of $165,165.00. Following the completion of the sale, the director now directly owns 4,546 shares of the company’s stock, valued at $500,560.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,795 shares of company stock valued at $1,329,686. 2.20% of the stock is currently owned by corporate insiders.

Boot Barn Company Profile

(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.

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

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