CenterBook Partners LP Acquires 13,084 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

CenterBook Partners LP lifted its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 30.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,307 shares of the company's stock after acquiring an additional 13,084 shares during the quarter. CenterBook Partners LP owned about 0.18% of Boot Barn worth $6,049,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in BOOT. FMR LLC lifted its position in shares of Boot Barn by 47.3% during the 4th quarter. FMR LLC now owns 2,211,300 shares of the company's stock worth $335,720,000 after purchasing an additional 709,903 shares during the last quarter. Wellington Management Group LLP raised its holdings in Boot Barn by 48.6% in the 4th quarter. Wellington Management Group LLP now owns 2,161,052 shares of the company's stock valued at $328,091,000 after acquiring an additional 706,518 shares in the last quarter. Artemis Investment Management LLP raised its holdings in Boot Barn by 206.5% in the 1st quarter. Artemis Investment Management LLP now owns 734,023 shares of the company's stock valued at $78,856,000 after acquiring an additional 494,523 shares in the last quarter. Capital Research Global Investors raised its holdings in Boot Barn by 32.6% in the 4th quarter. Capital Research Global Investors now owns 1,141,821 shares of the company's stock valued at $173,351,000 after acquiring an additional 280,892 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Boot Barn during the fourth quarter worth $42,440,000.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BOOT. UBS Group lifted their price target 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. 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 note on Wednesday, April 23rd. Citigroup increased their target price on Boot Barn from $137.00 to $180.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Robert W. Baird increased their target price on Boot Barn from $140.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Finally, KeyCorp dropped their target price on Boot Barn from $190.00 to $165.00 and set an "overweight" rating for the company in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $173.67.

Boot Barn Trading Up 1.0%

Shares of NYSE:BOOT traded up $1.69 during midday trading on Friday, hitting $170.80. The company had a trading volume of 493,248 shares, compared to its average volume of 923,265. Boot Barn Holdings, Inc. has a 12 month low of $86.17 and a 12 month high of $177.10. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 1.96 and a beta of 1.69. The firm has a fifty day simple moving average of $159.15 and a 200 day simple moving average of $136.43.

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). The business had revenue of $453.75 million for the quarter, compared to the consensus estimate of $458.56 million. Boot Barn had a return on equity of 16.98% and a net margin of 9.47%. The business's revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 earnings per share. Equities analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

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

Insider Activity

In other Boot Barn news, insider Michael A. Love sold 4,154 shares of Boot Barn stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $155.34, for a total value of $645,282.36. Following the sale, the insider owned 2,112 shares of the company's stock, valued at $328,078.08. This trade represents a 66.29% decrease in their position. The transaction was disclosed in a document filed 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 dated Thursday, May 22nd. The shares were sold at an average price of $160.67, for a total value of $391,713.46. Following the completion of the sale, the insider directly owned 14,593 shares in the company, valued at $2,344,657.31. This represents a 14.32% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

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.