Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by North Star Investment Management Corp.

North Star Investment Management Corp. lowered its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 5.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,900 shares of the company's stock after selling 3,000 shares during the period. North Star Investment Management Corp. owned about 0.16% of Boot Barn worth $5,361,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Louisiana State Employees Retirement System lifted its holdings in Boot Barn by 0.7% during the fourth quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the company's stock valued at $2,247,000 after purchasing an additional 100 shares in the last quarter. Blue Trust Inc. raised its position 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 last quarter. James Investment Research Inc. raised its position in shares of Boot Barn by 11.6% during the 4th quarter. James Investment Research Inc. now owns 13,703 shares of the company's stock worth $2,080,000 after purchasing an additional 1,429 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Boot Barn by 13.0% in 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 buying an additional 1,819 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Boot Barn by 13.9% in the 4th quarter. Principal Financial Group Inc. now owns 231,933 shares of the company's stock worth $35,212,000 after buying an additional 28,268 shares during the last quarter.

Boot Barn Trading Up 1.1%

NYSE:BOOT traded up $1.81 during midday trading on Wednesday, reaching $163.74. The company had a trading volume of 479,577 shares, compared to its average volume of 819,592. Boot Barn Holdings, Inc. has a 12-month low of $86.17 and a 12-month high of $176.64. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 1.93 and a beta of 1.73. The stock's fifty day simple moving average is $132.38 and its 200-day simple moving average is $134.25.

Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.02). Boot Barn had a return on equity of 16.98% and a net margin of 9.47%. The firm had revenue of $453.75 million for the quarter, compared to analysts' expectations of $458.56 million. During the same period last year, the firm posted $0.96 earnings per share. Boot Barn's revenue for the quarter was up 16.8% on a year-over-year basis. As a group, sell-side analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Boot Barn declared that its Board of Directors has authorized a share buyback program on Wednesday, May 14th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to purchase up to 4.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

Insider Activity

In other Boot Barn 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael A. Love sold 4,154 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 2,112 shares of the company's stock, valued at $328,078.08. The trade was a 66.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

BOOT has been the topic of several research reports. Citigroup raised their target price on Boot Barn from $137.00 to $180.00 and gave the company a "buy" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. raised their price objective on Boot Barn from $196.00 to $207.00 and gave the company an "overweight" rating in a report on Tuesday, May 27th. Robert W. Baird upped their target price on shares of Boot Barn from $140.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. KeyCorp reduced their target price on shares of Boot Barn from $190.00 to $165.00 and set an "overweight" rating for the company in a research report on Tuesday, April 29th. Finally, Craig Hallum upgraded shares of Boot Barn from a "hold" rating to a "buy" rating and set a $130.00 price target on the stock in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $173.67.

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.