Boot Barn Holdings, Inc. (NYSE:BOOT) Stock Holdings Lowered by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 18.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,563 shares of the company's stock after selling 5,702 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of Boot Barn worth $2,746,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Signaturefd LLC increased its stake in shares of Boot Barn by 201.8% in the 4th quarter. Signaturefd LLC now owns 166 shares of the company's stock valued at $25,000 after purchasing an additional 111 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Boot Barn during the 1st quarter valued at approximately $29,000. Golden State Wealth Management LLC raised its position in Boot Barn by 263.6% in the first quarter. Golden State Wealth Management LLC now owns 280 shares of the company's stock valued at $30,000 after purchasing an additional 203 shares during the period. Versant Capital Management Inc increased its position in shares of Boot Barn by 210.8% during 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 period. 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 worth $121,000 after acquiring an additional 280 shares during the period.

Wall Street Analyst Weigh In

BOOT has been the subject of a number of analyst reports. Stephens assumed coverage on shares of Boot Barn in a research note on Wednesday, April 9th. They set an "overweight" rating and a $100.00 target price for the company. Jefferies Financial Group cut shares of Boot Barn from a "buy" rating to a "hold" rating and cut their price target for the stock from $187.00 to $175.00 in a report on Wednesday. Bank of America increased their target price on shares of Boot Barn from $160.00 to $173.00 and gave the company a "buy" rating in a report on Thursday, May 15th. KeyCorp increased their price target on shares of Boot Barn from $180.00 to $195.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. increased their price target on shares of Boot Barn from $196.00 to $207.00 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $176.08.

Insider Activity

In related news, insider Michael A. Love sold 4,154 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $155.34, for a total transaction of $645,282.36. Following the completion of the sale, the insider owned 2,112 shares of the company's stock, valued at $328,078.08. This represents a 66.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laurie Marie Grijalva sold 2,438 shares of the business'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 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 ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Boot Barn Stock Performance

Shares of NYSE:BOOT traded up $6.60 during midday trading on Friday, hitting $174.03. 530,786 shares of the company's stock traded hands, compared to its average volume of 634,713. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month high of $178.92. The company has a market cap of $5.32 billion, a PE ratio of 29.70, a P/E/G ratio of 2.05 and a beta of 1.69. The firm's fifty day moving average price is $163.17 and its two-hundred day moving average price is $136.97.

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 (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.02). The firm had revenue of $453.75 million for the quarter, compared to analysts' expectations of $458.56 million. Boot Barn had a return on equity of 16.98% and a net margin of 9.47%. The business's quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the firm earned $0.96 EPS. As a group, equities research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Boot Barn announced that its Board of Directors has authorized a share repurchase program on Wednesday, May 14th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 4.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

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.