SG Americas Securities LLC Takes $916,000 Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

SG Americas Securities LLC acquired a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,530 shares of the company's stock, valued at approximately $916,000.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. increased its position in Boot Barn by 1,430.0% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the company's stock valued at $26,000 after purchasing an additional 143 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of Boot Barn by 13.0% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 15,800 shares of the company's stock valued at $2,399,000 after purchasing an additional 1,819 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Boot Barn by 13.9% during the fourth quarter. Principal Financial Group Inc. now owns 231,933 shares of the company's stock valued at $35,212,000 after buying an additional 28,268 shares during the period. Venturi Wealth Management LLC bought a new position in Boot Barn in the fourth quarter worth about $192,000. Finally, New York State Common Retirement Fund raised its stake in Boot Barn by 18.9% in the fourth quarter. New York State Common Retirement Fund now owns 31,265 shares of the company's stock worth $4,747,000 after buying an additional 4,975 shares in the last quarter.

Insider Transactions at Boot Barn

In related news, insider Laurie Marie Grijalva sold 2,438 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $160.67, for a total transaction of $391,713.46. Following the transaction, the insider now directly owns 14,593 shares in the company, valued at approximately $2,344,657.31. This represents a 14.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $645,282.36. Following the sale, the insider now directly owns 2,112 shares of the company's stock, valued at $328,078.08. This represents a 66.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on BOOT. UBS Group upped their target price on Boot Barn from $156.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Bank of America lifted their price target on Boot Barn from $160.00 to $173.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Citigroup upped their price target on Boot Barn from $137.00 to $180.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Robert W. Baird raised their price objective on Boot Barn from $140.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Finally, Stephens started coverage on shares of Boot Barn in a report on Wednesday, April 9th. They set an "overweight" rating and a $100.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $173.67.

Boot Barn Trading Up 0.8%

BOOT traded up $1.37 during trading on Friday, hitting $164.66. 657,136 shares of the company's stock traded hands, compared to its average volume of 818,394. The company's 50 day simple moving average is $136.22 and its two-hundred day simple moving average is $134.61. Boot Barn Holdings, Inc. has a 12-month low of $86.17 and a 12-month high of $176.64. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 1.93 and a beta of 1.73.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $1.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.24 by ($0.02). Boot Barn had a net margin of 9.47% and a return on equity of 16.98%. The business had revenue of $453.75 million for the quarter, compared to the consensus estimate of $458.56 million. During the same period in the previous year, the company earned $0.96 earnings per share. The company's revenue for the quarter was up 16.8% compared to the same quarter last year. On average, equities analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Boot Barn declared that its board has initiated a stock repurchase plan on Wednesday, May 14th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 4.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

About Boot Barn

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.