Public Employees Retirement System of Ohio Acquires Shares of 11,973 Boot Barn Holdings, Inc. (NYSE:BOOT)

Public Employees Retirement System of Ohio bought a new position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 11,973 shares of the company's stock, valued at approximately $1,818,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BOOT. Signaturefd LLC grew its position in Boot Barn by 201.8% in the fourth quarter. Signaturefd LLC now owns 166 shares of the company's stock worth $25,000 after acquiring an additional 111 shares during the period. Blue Trust Inc. grew its holdings in shares of Boot Barn by 1,430.0% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the company's stock worth $26,000 after purchasing an additional 143 shares during the period. Assetmark Inc. increased its position in shares of Boot Barn by 45.2% during the 4th quarter. Assetmark Inc. now owns 363 shares of the company's stock worth $55,000 after purchasing an additional 113 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Boot Barn by 212.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 749 shares of the company's stock valued at $115,000 after buying an additional 509 shares during the last quarter. Finally, Huntington National Bank increased its position in shares of Boot Barn by 54.5% during the fourth quarter. Huntington National Bank now owns 794 shares of the company's stock valued at $121,000 after acquiring an additional 280 shares during the last quarter.

Boot Barn Stock Up 2.8%

Shares of NYSE BOOT traded up $4.44 during midday trading on Tuesday, hitting $161.95. The company had a trading volume of 678,909 shares, compared to its average volume of 831,451. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 1.17 and a beta of 1.59. The business has a 50-day simple moving average of $119.03 and a two-hundred day simple moving average of $132.21. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month high of $176.64.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.02). Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. The firm had revenue of $453.75 million during the quarter, compared to analyst estimates of $458.56 million. During the same period last year, the company posted $0.96 EPS. The firm's revenue for the quarter was up 16.8% on a year-over-year basis. On average, equities analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Boot Barn declared that its board has authorized a stock buyback plan on Wednesday, May 14th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to buy up to 4.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BOOT shares. Craig Hallum upgraded Boot Barn from a "hold" rating to a "buy" rating and set a $130.00 price target on the stock in a report on Wednesday, April 23rd. KeyCorp reduced their target price on shares of Boot Barn from $190.00 to $165.00 and set an "overweight" rating on the stock in a report on Tuesday, April 29th. Bank of America increased their price objective on shares of Boot Barn from $160.00 to $173.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. UBS Group boosted their target price on shares of Boot Barn from $156.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Finally, Wall Street Zen downgraded shares of Boot Barn from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $171.46.

Insider Activity at Boot Barn

In other Boot Barn news, insider Michael A. Love sold 4,154 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $155.34, for a total value of $645,282.36. Following the transaction, the insider now owns 2,112 shares in the company, valued at $328,078.08. The trade was a 66.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Laurie Marie Grijalva sold 2,438 shares of Boot Barn stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $160.67, for a total value of $391,713.46. Following the sale, the insider now owns 14,593 shares in the company, valued at $2,344,657.31. This represents a 14.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

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.