Segall Bryant & Hamill LLC Cuts Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Segall Bryant & Hamill LLC lessened its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,621 shares of the company's stock after selling 2,217 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.26% of Boot Barn worth $8,446,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in 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 acquired a new stake in shares of Boot Barn in the first quarter valued at about $29,000. Golden State Wealth Management LLC lifted 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 buying an additional 203 shares in the last quarter. Versant Capital Management Inc boosted its position in 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 last quarter. Finally, Huntington National Bank grew its stake in Boot Barn by 54.5% during the 4th quarter. Huntington National Bank now owns 794 shares of the company's stock valued at $121,000 after acquiring an additional 280 shares in the last quarter.

Insider Buying and Selling at Boot Barn

In related news, insider Michael A. Love sold 4,154 shares of the business's stock in a transaction on 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 in the company, valued at approximately $328,078.08. The trade was a 66.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Laurie Marie Grijalva sold 2,438 shares of the firm's 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 transaction, the insider owned 14,593 shares of the company's stock, valued at $2,344,657.31. This trade represents a 14.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

Analyst Ratings Changes

BOOT has been the topic of several recent research reports. Craig Hallum upgraded Boot Barn from a "hold" rating to a "buy" rating and set a $130.00 target price on the stock in a report on Wednesday, April 23rd. Citigroup boosted their price objective on Boot Barn from $137.00 to $180.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. upped their target price on Boot Barn from $196.00 to $207.00 and gave the company an "overweight" rating in a report on Tuesday, May 27th. Stephens began coverage on Boot Barn in a report on Wednesday, April 9th. They set an "overweight" rating and a $100.00 price target on the stock. Finally, Piper Sandler boosted their price target on shares of Boot Barn from $162.00 to $184.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. One research 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 company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $173.67.

Boot Barn Trading Up 1.0%

BOOT traded up $1.69 on Friday, hitting $170.80. The company had a trading volume of 500,589 shares, compared to its average volume of 810,825. The company's fifty day moving average price is $160.21 and its 200 day moving average price is $136.56. Boot Barn Holdings, Inc. has a 1 year low of $86.17 and a 1 year high of $177.10. The firm has a market cap of $5.22 billion, a P/E ratio of 29.15, a PEG ratio of 1.99 and a beta of 1.69.

Boot Barn (NYSE:BOOT - Get Free Report) last announced 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). Boot Barn had a net margin of 9.47% and a return on equity of 16.98%. The company had revenue of $453.75 million for the quarter, compared to analyst estimates of $458.56 million. During the same quarter in the prior year, the business earned $0.96 earnings per share. Boot Barn's revenue was up 16.8% on a year-over-year basis. On average, analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

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