GW&K Investment Management LLC Reduces Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

GW&K Investment Management LLC reduced its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 9.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 227,444 shares of the company's stock after selling 23,195 shares during the period. GW&K Investment Management LLC owned about 0.74% of Boot Barn worth $24,435,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BOOT. Signaturefd LLC boosted its stake in shares of 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 last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Boot Barn in the first quarter worth approximately $29,000. Golden State Wealth Management LLC boosted its stake in shares of Boot Barn by 263.6% in the first quarter. Golden State Wealth Management LLC now owns 280 shares of the company's stock worth $30,000 after acquiring an additional 203 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Boot Barn by 210.8% in the first quarter. Versant Capital Management Inc now owns 317 shares of the company's stock worth $34,000 after acquiring an additional 215 shares during the last quarter. Finally, Huntington National Bank boosted its stake in shares of Boot Barn by 54.5% in the fourth quarter. Huntington National Bank now owns 794 shares of the company's stock worth $121,000 after acquiring an additional 280 shares during the last quarter.

Boot Barn Price Performance

Shares of BOOT stock traded down $4.62 during trading hours on Thursday, reaching $168.27. 276,099 shares of the company's stock were exchanged, compared to its average volume of 914,213. The company has a market cap of $5.15 billion, a P/E ratio of 28.69, a price-to-earnings-growth ratio of 2.06 and a beta of 1.69. The company's 50 day moving average is $161.84 and its two-hundred day moving average is $136.72. Boot Barn Holdings, Inc. has a 1 year low of $86.17 and a 1 year high of $178.92.

Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $1.22 earnings per share for the quarter, missing analysts' consensus estimates of $1.24 by ($0.02). The firm had revenue of $453.75 million during the quarter, compared to analyst estimates 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 company earned $0.96 EPS. As a group, analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Boot Barn declared that its board has authorized a stock repurchase program on Wednesday, May 14th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to reacquire up to 4.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

BOOT has been the topic of a number of analyst reports. KeyCorp lifted their price objective on Boot Barn from $180.00 to $195.00 and gave the stock an "overweight" rating in a research report on Tuesday. Stephens assumed coverage on Boot Barn in a research report on Wednesday, April 9th. They issued an "overweight" rating and a $100.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on Boot Barn from $196.00 to $207.00 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. Jefferies Financial Group downgraded Boot Barn from a "buy" rating to a "hold" rating and reduced their target price for the company from $187.00 to $175.00 in a research report on Wednesday. Finally, Robert W. Baird lifted their target price on Boot Barn from $140.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $176.08.

Insider Buying and Selling

In other Boot Barn news, insider Michael A. Love sold 4,154 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $155.34, for a total transaction of $645,282.36. Following the completion of the transaction, the insider owned 2,112 shares of the company's stock, valued at approximately $328,078.08. This trade represents a 66.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Laurie Marie Grijalva sold 2,438 shares of the firm's stock in a transaction 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 transaction, the insider directly owned 14,593 shares of the company's stock, valued at $2,344,657.31. The trade was a 14.32% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Boot Barn 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.