Nisa Investment Advisors LLC Has $140,000 Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Nisa Investment Advisors LLC lowered its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 69.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,660 shares of the company’s stock after selling 3,800 shares during the period. Nisa Investment Advisors LLC’s holdings in Boot Barn were worth $140,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Texas Permanent School Fund raised its stake in shares of Boot Barn by 0.6% in the second quarter. Texas Permanent School Fund now owns 21,799 shares of the company’s stock valued at $1,832,000 after acquiring an additional 130 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Boot Barn by 7.3% in the first quarter. Mutual of America Capital Management LLC now owns 3,874 shares of the company’s stock valued at $241,000 after acquiring an additional 262 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Boot Barn by 0.7% in the first quarter. Alliancebernstein L.P. now owns 38,288 shares of the company’s stock valued at $2,386,000 after acquiring an additional 272 shares during the last quarter. Advisor Group Holdings Inc. raised its stake in shares of Boot Barn by 3.3% in the second quarter. Advisor Group Holdings Inc. now owns 8,552 shares of the company’s stock valued at $717,000 after acquiring an additional 272 shares during the last quarter. Finally, The PNC Financial Services Group Inc. raised its stake in shares of Boot Barn by 2.1% in the first quarter. The PNC Financial Services Group Inc. now owns 22,646 shares of the company’s stock valued at $1,411,000 after acquiring an additional 464 shares during the last quarter.

In related news, Director Brenda I. Morris sold 3,000 shares of the company’s stock in a transaction on Thursday, August 19th. The shares were sold at an average price of $81.92, for a total value of $245,760.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michael A. Love sold 5,517 shares of the company’s stock in a transaction on Wednesday, August 25th. The stock was sold at an average price of $89.47, for a total transaction of $493,605.99. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,680 shares of company stock valued at $4,315,349. Company insiders own 0.86% of the company’s stock.

Shares of BOOT stock opened at $89.55 on Friday. Boot Barn Holdings, Inc. has a 12-month low of $25.91 and a 12-month high of $93.25. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 26.57 and a beta of 2.95. The company has a quick ratio of 0.32, a current ratio of 1.51 and a debt-to-equity ratio of 0.11. The firm has a fifty day moving average of $85.00 and a 200-day moving average of $75.71.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Tuesday, August 3rd. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.34. Boot Barn had a net margin of 9.55% and a return on equity of 25.08%. The company had revenue of $306.30 million during the quarter, compared to analyst estimates of $291.55 million. During the same quarter in the previous year, the business earned ($0.02) EPS. The firm’s revenue was up 107.2% on a year-over-year basis. Research analysts expect that Boot Barn Holdings, Inc. will post 4.25 earnings per share for the current year.

A number of research firms have recently issued reports on BOOT. Robert W. Baird lifted their target price on shares of Boot Barn from $60.00 to $92.00 and gave the company a “neutral” rating in a research note on Friday, June 11th. Citigroup upgraded shares of Boot Barn from a “neutral” rating to a “buy” rating in a research report on Thursday, June 17th. Pivotal Research boosted their price objective on shares of Boot Barn from $77.00 to $87.00 and gave the stock a “hold” rating in a research report on Monday, August 2nd. Cowen restated an “outperform” rating and issued a $84.10 price objective (down previously from $90.00) on shares of Boot Barn in a research report on Tuesday, July 27th. Finally, Craig Hallum boosted their price objective on shares of Boot Barn from $68.00 to $91.00 and gave the stock a “hold” rating in a research report on Thursday, August 5th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $68.55.

Boot Barn Profile

Boot Barn Holdings, Inc engages in the operation of retail stores of western and work-related footwear, apparel, and accessories. The firm’s products include boots, jeans, accessories, hats, gifts and home products, and work wear. Its brands include Ariat, Wrangler, Lucchese Boots, Idyllwind, and Cinch.

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

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