Tilia Fiduciary Partners Inc. Has $753,000 Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

Tilia Fiduciary Partners Inc. trimmed its stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 28.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,007 shares of the company's stock after selling 2,791 shares during the period. Tilia Fiduciary Partners Inc.'s holdings in Boot Barn were worth $753,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BOOT. Bank of Montreal Can boosted its position in shares of Boot Barn by 1.4% during the 4th quarter. Bank of Montreal Can now owns 5,936 shares of the company's stock valued at $901,000 after acquiring an additional 82 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Boot Barn by 1.0% during the 4th quarter. Cetera Investment Advisers now owns 8,179 shares of the company's stock valued at $1,242,000 after acquiring an additional 83 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in shares of Boot Barn by 7.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,367 shares of the company's stock valued at $208,000 after acquiring an additional 97 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in shares of Boot Barn by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,096 shares of the company's stock valued at $470,000 after acquiring an additional 98 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Boot Barn by 0.7% during the 4th quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the company's stock valued at $2,247,000 after acquiring an additional 100 shares in the last quarter.

Boot Barn Stock Performance

Shares of NYSE:BOOT opened at $165.18 on Friday. Boot Barn Holdings, Inc. has a 52 week low of $86.17 and a 52 week high of $176.64. The company has a market capitalization of $5.05 billion, a PE ratio of 29.50, a PEG ratio of 1.17 and a beta of 1.73. The company has a 50 day moving average price of $123.51 and a two-hundred day moving average price of $133.06.

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 the consensus estimate of $1.24 by ($0.02). The company had revenue of $453.75 million during the quarter, compared to analyst estimates of $458.56 million. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. The firm's quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 EPS. On average, sell-side analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Boot Barn announced that its Board of Directors has approved a stock repurchase program on Wednesday, May 14th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 4.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Insider Activity

In related news, insider Laurie Marie Grijalva sold 2,438 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $160.67, for a total transaction of $391,713.46. Following the completion of the transaction, the insider now owns 14,593 shares in the company, valued at approximately $2,344,657.31. This represents a 14.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael A. Love sold 4,154 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $155.34, for a total transaction of $645,282.36. Following the sale, the insider now directly owns 2,112 shares in the company, valued at $328,078.08. This trade represents a 66.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on BOOT shares. Citigroup lifted their target price on shares of Boot Barn from $137.00 to $180.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Bank of America boosted their price target on shares of Boot Barn from $160.00 to $173.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. UBS Group boosted their price target on shares of Boot Barn from $156.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. KeyCorp reduced their price target on shares of Boot Barn from $190.00 to $165.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. boosted 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 investment 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. According to data from MarketBeat.com, Boot Barn has a consensus rating of "Moderate Buy" and an average target price of $173.67.

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.

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