Cetera Investment Advisers Purchases 83 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Cetera Investment Advisers grew its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,179 shares of the company’s stock after buying an additional 83 shares during the quarter. Cetera Investment Advisers’ holdings in Boot Barn were worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in Boot Barn by 1,430.0% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock worth $26,000 after buying an additional 143 shares during the last quarter. Signaturefd LLC grew its stake in Boot Barn by 201.8% during the fourth quarter. Signaturefd LLC now owns 166 shares of the company’s stock worth $25,000 after buying an additional 111 shares during the last quarter. Assetmark Inc. grew its stake in Boot Barn by 45.2% during the fourth quarter. Assetmark Inc. now owns 363 shares of the company’s stock worth $55,000 after buying an additional 113 shares during the last quarter. R Squared Ltd acquired a new position in shares of Boot Barn during the fourth quarter worth approximately $102,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Boot Barn by 212.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 749 shares of the company’s stock worth $115,000 after purchasing an additional 509 shares in the last quarter.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, insider Laurie Marie Grijalva sold 2,438 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $160.67, for a total value of $391,713.46. Following the completion of the sale, the insider now owns 14,593 shares of the company’s stock, valued at approximately $2,344,657.31. This represents a 14.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Boot Barn Price Performance

Shares of NYSE BOOT opened at $159.10 on Friday. The company’s 50 day simple moving average is $111.67 and its 200 day simple moving average is $130.95. Boot Barn Holdings, Inc. has a fifty-two week low of $86.17 and a fifty-two week high of $176.64. The firm has a market capitalization of $4.87 billion, a P/E ratio of 28.41, a P/E/G ratio of 1.17 and a beta of 1.59.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.02). Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. The business had revenue of $453.75 million during the quarter, compared to analyst estimates of $458.56 million. During the same quarter in the prior year, the company earned $0.96 earnings per share. The company’s quarterly revenue was up 16.8% on a year-over-year basis. Sell-side analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Boot Barn announced that its Board of Directors has approved a stock buyback plan on Wednesday, May 14th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to reacquire up to 4.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BOOT. Robert W. Baird upped their target price on shares of Boot Barn from $140.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, May 15th. Citigroup upped their target price on shares of Boot Barn from $137.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. UBS Group upped their target price on shares of Boot Barn from $156.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. KeyCorp reduced their target price on shares of Boot Barn from $190.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Boot Barn from $209.00 to $196.00 and set an “overweight” rating on the stock in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Boot Barn has a consensus rating of “Moderate Buy” and an average price target of $170.62.

Boot Barn Profile

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.