Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Purchased by abrdn plc

abrdn plc increased its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 306,717 shares of the company’s stock after purchasing an additional 3,451 shares during the period. abrdn plc owned 1.01% of Boot Barn worth $23,544,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Allworth Financial LP lifted its stake in shares of Boot Barn by 61,325.0% in the 3rd quarter. Allworth Financial LP now owns 2,457 shares of the company’s stock worth $199,000 after acquiring an additional 2,453 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Boot Barn in the 4th quarter worth $199,000. Pathstone Family Office LLC acquired a new stake in shares of Boot Barn in the 3rd quarter worth $204,000. Larson Financial Group LLC acquired a new stake in shares of Boot Barn in the 3rd quarter worth $220,000. Finally, J.P. Morgan Private Wealth Advisors LLC lifted its stake in shares of Boot Barn by 7.7% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 3,056 shares of the company’s stock worth $248,000 after acquiring an additional 219 shares during the period.

Boot Barn Trading Up 3.4 %

NYSE:BOOT opened at $106.65 on Wednesday. The firm has a 50-day moving average price of $92.85 and a two-hundred day moving average price of $81.46. Boot Barn Holdings, Inc. has a twelve month low of $64.33 and a twelve month high of $109.51. The company has a market capitalization of $3.23 billion, a P/E ratio of 19.86 and a beta of 2.19.

Boot Barn (NYSE:BOOT) last posted its earnings results on Wednesday, January 31st. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.01. Boot Barn had a net margin of 9.62% and a return on equity of 19.52%. The firm had revenue of $520.40 million during the quarter, compared to the consensus estimate of $520.34 million. On average, equities research analysts predict that Boot Barn Holdings, Inc. will post 4.72 earnings per share for the current year.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, CEO James Grant Conroy sold 19,478 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $92.38, for a total transaction of $1,799,377.64. Following the sale, the chief executive officer now directly owns 46,273 shares of the company’s stock, valued at approximately $4,274,699.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Boot Barn news, Director Gene Eddie Burt sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $85.03, for a total transaction of $85,030.00. Following the sale, the director now directly owns 1,542 shares of the company’s stock, valued at approximately $131,116.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Grant Conroy sold 19,478 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $92.38, for a total transaction of $1,799,377.64. Following the sale, the chief executive officer now directly owns 46,273 shares in the company, valued at $4,274,699.74. The disclosure for this sale can be found here. In the last three months, insiders sold 26,339 shares of company stock worth $2,413,715. 2.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on BOOT shares. KeyCorp started coverage on shares of Boot Barn in a research note on Wednesday, February 7th. They issued a “sector weight” rating for the company. Robert W. Baird increased their price target on shares of Boot Barn from $70.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Williams Trading reiterated a “hold” rating on shares of Boot Barn in a report on Tuesday, January 16th. StockNews.com downgraded shares of Boot Barn from a “hold” rating to a “sell” rating in a report on Friday, January 19th. Finally, Piper Sandler increased their price target on shares of Boot Barn from $94.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $105.56.

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.