Nuveen Asset Management LLC Grows Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Nuveen Asset Management LLC grew its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 218.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 254,080 shares of the company's stock after buying an additional 174,188 shares during the quarter. Nuveen Asset Management LLC owned 0.83% of Boot Barn worth $38,574,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Park Avenue Securities LLC boosted its holdings in Boot Barn by 26.7% during the 4th quarter. Park Avenue Securities LLC now owns 1,858 shares of the company's stock valued at $282,000 after acquiring an additional 391 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. boosted its stake in shares of Boot Barn by 85.7% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 13,000 shares of the company's stock valued at $1,974,000 after purchasing an additional 6,000 shares during the period. Blue Trust Inc. grew its holdings in shares of Boot Barn by 1,430.0% in the fourth 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. KBC Group NV grew its holdings in shares of Boot Barn by 28.5% in the fourth quarter. KBC Group NV now owns 1,222 shares of the company's stock worth $186,000 after purchasing an additional 271 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC purchased a new position in shares of Boot Barn in the fourth quarter worth $355,000.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of Boot Barn from $209.00 to $196.00 and set an "overweight" rating for the company in a research report on Thursday, May 15th. Piper Sandler upped their price objective on shares of Boot Barn from $162.00 to $184.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Robert W. Baird raised their target price on Boot Barn from $140.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. UBS Group upped their price target on Boot Barn from $156.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, Citigroup increased their price objective on Boot Barn from $137.00 to $180.00 and gave the stock a "buy" rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $170.62.

Insider Buying and Selling

In other Boot Barn news, insider Laurie Marie Grijalva sold 2,438 shares of the business'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 sale, the insider now directly owns 14,593 shares of the company's stock, valued at approximately $2,344,657.31. The trade was a 14.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

Boot Barn Stock Down 1.5%

Shares of NYSE:BOOT traded down $2.32 during trading on Monday, hitting $157.26. The stock had a trading volume of 815,938 shares, compared to its average volume of 829,800. The company has a market capitalization of $4.81 billion, a PE ratio of 28.08, a PEG ratio of 1.17 and a beta of 1.59. The firm's fifty day moving average is $112.77 and its 200 day moving average is $131.14. Boot Barn Holdings, Inc. has a 12 month low of $86.17 and a 12 month high of $176.64.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings data 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 return on equity of 17.11% and a net margin of 9.36%. The firm had revenue of $453.75 million during the quarter, compared to the consensus estimate of $458.56 million. During the same quarter last year, the company posted $0.96 EPS. Boot Barn's revenue for the quarter was up 16.8% compared to the same quarter last year. Equities research analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

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