Level Four Advisory Services LLC Reduces Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Level Four Advisory Services LLC cut its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 13.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 4,647 shares of the company’s stock after selling 711 shares during the quarter. Level Four Advisory Services LLC’s holdings in Boot Barn were worth $413,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. FMR LLC grew its position in shares of Boot Barn by 15.9% in the first quarter. FMR LLC now owns 1,099,719 shares of the company’s stock valued at $32,376,000 after purchasing an additional 150,763 shares during the last quarter. First Trust Advisors LP grew its position in shares of Boot Barn by 2.2% in the first quarter. First Trust Advisors LP now owns 89,108 shares of the company’s stock valued at $2,623,000 after purchasing an additional 1,926 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Boot Barn by 58.4% in the first quarter. Janus Henderson Group PLC now owns 11,255 shares of the company’s stock valued at $701,000 after purchasing an additional 4,151 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in shares of Boot Barn in the first quarter valued at approximately $533,000. Finally, Gotham Asset Management LLC acquired a new stake in shares of Boot Barn in the first quarter valued at approximately $378,000.

In related news, Director Peter Starrett sold 2,500 shares of Boot Barn stock in a transaction on Thursday, November 18th. The shares were sold at an average price of $133.94, for a total transaction of $334,850.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Gregory V. Hackman sold 7,084 shares of Boot Barn stock in a transaction on Friday, August 27th. The stock was sold at an average price of $89.00, for a total transaction of $630,476.00. The disclosure for this sale can be found here. In the last three months, insiders sold 59,450 shares of company stock worth $6,226,143. Insiders own 0.86% of the company’s stock.

BOOT has been the topic of several research reports. Citigroup increased their price target on shares of Boot Barn from $120.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, October 28th. Craig Hallum upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and raised their target price for the stock from $91.00 to $135.00 in a research report on Thursday, October 28th. JPMorgan Chase & Co. raised their target price on shares of Boot Barn from $123.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 10th. Zacks Investment Research upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Tuesday, October 5th. Finally, Pivotal Research raised their target price 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. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Boot Barn presently has a consensus rating of “Buy” and an average price target of $109.00.

NYSE:BOOT opened at $126.45 on Monday. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.10. The company has a market cap of $3.74 billion, a P/E ratio of 28.61 and a beta of 2.90. Boot Barn Holdings, Inc. has a fifty-two week low of $38.32 and a fifty-two week high of $134.50. The firm’s 50 day moving average is $102.24 and its two-hundred day moving average is $88.45.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Tuesday, October 26th. The company reported $1.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.29. The company had revenue of $312.70 million for the quarter, compared to the consensus estimate of $289.36 million. Boot Barn had a net margin of 11.24% and a return on equity of 30.26%. Boot Barn’s revenue was up 69.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 earnings per share. Research analysts forecast that Boot Barn Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

Boot Barn Company 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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