Congress Wealth Management LLC DE Raises Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Congress Wealth Management LLC DE grew its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 6.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 81,304 shares of the company’s stock after purchasing an additional 5,171 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Boot Barn were worth $7,736,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Boot Barn by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 2,744,105 shares of the company’s stock worth $210,638,000 after buying an additional 35,925 shares during the period. Wellington Management Group LLP lifted its position in Boot Barn by 186.6% in the fourth quarter. Wellington Management Group LLP now owns 2,573,306 shares of the company’s stock valued at $197,527,000 after purchasing an additional 1,675,410 shares during the period. Dimensional Fund Advisors LP lifted its position in Boot Barn by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,086,810 shares of the company’s stock valued at $83,425,000 after purchasing an additional 16,308 shares during the period. Goldman Sachs Group Inc. lifted its position in Boot Barn by 35.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 700,007 shares of the company’s stock valued at $53,733,000 after purchasing an additional 182,130 shares during the period. Finally, Congress Asset Management Co. MA lifted its position in Boot Barn by 17.1% in the first quarter. Congress Asset Management Co. MA now owns 558,235 shares of the company’s stock valued at $53,116,000 after purchasing an additional 81,503 shares during the period.

Boot Barn Price Performance

BOOT stock traded up $1.16 during midday trading on Monday, hitting $130.09. The stock had a trading volume of 1,013,059 shares, compared to its average volume of 825,813. Boot Barn Holdings, Inc. has a 12-month low of $66.73 and a 12-month high of $134.61. The company’s 50-day moving average price is $117.45 and its 200 day moving average price is $96.45. The firm has a market cap of $3.95 billion, a PE ratio of 27.10 and a beta of 2.09.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Tuesday, May 14th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.12. Boot Barn had a net margin of 8.82% and a return on equity of 16.84%. The company had revenue of $388.46 million during the quarter, compared to analysts’ expectations of $383.67 million. As a group, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 4.82 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BOOT. Benchmark raised their price objective on shares of Boot Barn from $110.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Robert W. Baird raised their price objective on shares of Boot Barn from $100.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, June 7th. Piper Sandler raised their price objective on shares of Boot Barn from $94.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. BTIG Research raised their price objective on shares of Boot Barn from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Finally, Craig Hallum raised their price objective on shares of Boot Barn from $120.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Boot Barn has a consensus rating of “Moderate Buy” and a consensus price target of $123.36.

Insider Activity

In other news, insider Michael A. Love sold 1,079 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $110.21, for a total transaction of $118,916.59. Following the completion of the sale, the insider now directly owns 2,112 shares of the company’s stock, valued at approximately $232,763.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Brenda I. Morris sold 1,500 shares of Boot Barn stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $110.11, for a total transaction of $165,165.00. Following the transaction, the director now owns 4,546 shares in the company, valued at approximately $500,560.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael A. Love sold 1,079 shares of Boot Barn stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $110.21, for a total transaction of $118,916.59. Following the transaction, the insider now owns 2,112 shares in the company, valued at approximately $232,763.52. The disclosure for this sale can be found here. Insiders sold 11,795 shares of company stock valued at $1,329,686 in the last ninety days. Company insiders own 2.20% 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.