Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,300 shares of the company’s stock after selling 265 shares during the period. Yousif Capital Management LLC’s holdings in Boot Barn were worth $1,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of BOOT. Harbor Capital Advisors Inc. grew its stake in Boot Barn by 32.6% during the 1st quarter. Harbor Capital Advisors Inc. now owns 19,802 shares of the company’s stock valued at $2,127,000 after acquiring an additional 4,863 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in Boot Barn by 5.7% during the 1st quarter. Park Avenue Securities LLC now owns 1,963 shares of the company’s stock valued at $211,000 after acquiring an additional 105 shares during the period. Congress Asset Management Co. boosted its stake in shares of Boot Barn by 5.5% in the first quarter. Congress Asset Management Co. now owns 457,675 shares of the company’s stock valued at $49,168,000 after purchasing an additional 23,880 shares during the period. NBC Securities Inc. boosted its position in Boot Barn by 152,125.0% in the 1st quarter. NBC Securities Inc. now owns 6,089 shares of the company’s stock valued at $654,000 after buying an additional 6,085 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Boot Barn by 1.4% in the 1st quarter. Rhumbline Advisers now owns 81,154 shares of the company’s stock valued at $8,718,000 after buying an additional 1,124 shares during the period.

Boot Barn Price Performance

Shares of NYSE BOOT opened at $162.27 on Wednesday. The company has a market cap of $4.96 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 1.93 and a beta of 1.73. Boot Barn Holdings, Inc. has a 12 month low of $86.17 and a 12 month high of $176.64. The company has a 50-day simple moving average of $132.38 and a 200-day simple moving average of $134.25.

Boot Barn (NYSE:BOOT) last released its earnings results on Wednesday, May 14th. The company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.02). Boot Barn had a net margin of 9.47% and a return on equity of 16.98%. The company had revenue of $453.75 million during the quarter, compared to analysts’ expectations of $458.56 million. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Boot Barn’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Boot Barn announced that its board has initiated a share repurchase program on Wednesday, May 14th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to reacquire up to 4.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

BOOT has been the subject of several recent analyst reports. Stephens started coverage on shares of Boot Barn in a research report on Wednesday, April 9th. They set an “overweight” rating and a $100.00 price objective for the company. Citigroup upped their price target on shares of Boot Barn from $137.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, May 16th. KeyCorp cut their price target on Boot Barn from $190.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, April 29th. JPMorgan Chase & Co. increased their price target on shares of Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a report on Tuesday, May 27th. Finally, Craig Hallum upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Boot Barn currently has an average rating of “Moderate Buy” and a consensus price target of $173.67.

Insider Buying and Selling

In other news, insider Laurie Marie Grijalva sold 2,438 shares of the company’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $160.67, for a total value of $391,713.46. Following the transaction, the insider now owns 14,593 shares in the company, valued at $2,344,657.31. This represents a 14.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael A. Love sold 4,154 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $155.34, for a total value of $645,282.36. Following the completion of the transaction, the insider now owns 2,112 shares in the company, valued at $328,078.08. This represents a 66.29% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Boot Barn Company 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.