Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Tilia Fiduciary Partners Inc.

Tilia Fiduciary Partners Inc. lowered its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 28.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,007 shares of the company's stock after selling 2,791 shares during the quarter. Tilia Fiduciary Partners Inc.'s holdings in Boot Barn were worth $753,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Boot Barn by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 3,409,865 shares of the company's stock worth $517,686,000 after buying an additional 73,089 shares in the last quarter. FMR LLC boosted its holdings in Boot Barn by 47.3% during the fourth quarter. FMR LLC now owns 2,211,300 shares of the company's stock worth $335,720,000 after buying an additional 709,903 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Boot Barn by 48.6% during the fourth quarter. Wellington Management Group LLP now owns 2,161,052 shares of the company's stock worth $328,091,000 after buying an additional 706,518 shares in the last quarter. Capital Research Global Investors boosted its holdings in Boot Barn by 32.6% during the fourth quarter. Capital Research Global Investors now owns 1,141,821 shares of the company's stock worth $173,351,000 after buying an additional 280,892 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Boot Barn by 13.2% during the fourth quarter. Alliancebernstein L.P. now owns 846,983 shares of the company's stock worth $128,589,000 after buying an additional 99,029 shares in the last quarter.

Insiders Place Their Bets

In other Boot Barn news, 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 transaction of $391,713.46. Following the transaction, the insider now directly owns 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael A. Love sold 4,154 shares of Boot Barn 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 sale, the insider now owns 2,112 shares of the company's stock, valued at approximately $328,078.08. This represents a 66.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BOOT shares. Piper Sandler increased their price objective on shares of Boot Barn from $162.00 to $184.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Robert W. Baird increased their price objective on shares of Boot Barn from $140.00 to $180.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Stephens started coverage on shares of Boot Barn in a report on Wednesday, April 9th. They set an "overweight" rating and a $100.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on shares of Boot Barn from $196.00 to $207.00 and gave the company an "overweight" rating in a report on Tuesday, May 27th. Finally, Craig Hallum raised shares of Boot Barn from a "hold" rating to a "buy" rating and set a $130.00 price objective on the stock in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $173.67.

Boot Barn Stock Performance

Shares of NYSE BOOT traded up $0.44 during mid-day trading on Wednesday, reaching $162.47. The company's stock had a trading volume of 503,791 shares, compared to its average volume of 821,799. The stock has a 50-day moving average of $125.85 and a two-hundred day moving average of $133.45. The stock has a market capitalization of $4.97 billion, a P/E ratio of 29.01, a P/E/G ratio of 1.17 and a beta of 1.73. Boot Barn Holdings, Inc. has a 1-year low of $86.17 and a 1-year high of $176.64.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $1.22 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 for the quarter, compared to analysts' expectations of $458.56 million. During the same period last year, the firm earned $0.96 earnings per share. Boot Barn's revenue for the quarter was up 16.8% on a year-over-year basis. Analysts predict 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 plan on Wednesday, May 14th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to repurchase up to 4.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

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.