Universal Beteiligungs und Servicegesellschaft mbH Takes $5.85 Million Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 38,561 shares of the company's stock, valued at approximately $5,854,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.13% of Boot Barn at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BOOT. Signaturefd LLC increased its stake in shares of Boot Barn by 201.8% in the fourth quarter. Signaturefd LLC now owns 166 shares of the company's stock worth $25,000 after acquiring an additional 111 shares during the period. Blue Trust Inc. grew its position in Boot Barn by 1,430.0% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the company's stock worth $26,000 after purchasing an additional 143 shares during the period. Assetmark Inc. grew its position in Boot Barn by 45.2% during the 4th quarter. Assetmark Inc. now owns 363 shares of the company's stock worth $55,000 after purchasing an additional 113 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Boot Barn by 212.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 749 shares of the company's stock valued at $115,000 after buying an additional 509 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in shares of Boot Barn by 54.5% in the 4th quarter. Huntington National Bank now owns 794 shares of the company's stock valued at $121,000 after buying an additional 280 shares during the period.

Boot Barn Price Performance

BOOT stock traded down $0.58 during trading on Wednesday, hitting $161.01. The stock had a trading volume of 532,427 shares, compared to its average volume of 824,922. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month high of $176.64. The company's 50-day moving average price is $121.26 and its two-hundred day moving average price is $132.61. The stock has a market capitalization of $4.93 billion, a P/E ratio of 28.75, a PEG ratio of 1.17 and a beta of 1.59.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings results 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 analyst estimates of $458.56 million. During the same period in the prior year, the firm earned $0.96 earnings per share. The business's revenue was up 16.8% on a year-over-year basis. As a group, sell-side analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

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

Insider Transactions at Boot Barn

In other news, insider Michael A. Love sold 4,154 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $155.34, for a total transaction of $645,282.36. Following the transaction, the insider now directly owns 2,112 shares in the company, valued at $328,078.08. The trade was a 66.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Laurie Marie Grijalva sold 2,438 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $160.67, for a total value of $391,713.46. Following the completion of the sale, the insider now owns 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. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wall Street Zen downgraded Boot Barn from a "hold" rating to a "sell" rating in a report on Monday, February 17th. JPMorgan Chase & Co. boosted their target price on shares of Boot Barn from $196.00 to $207.00 and gave the company an "overweight" rating in a research note on Tuesday, May 27th. Piper Sandler increased their price target on shares of Boot Barn from $162.00 to $184.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. KeyCorp dropped 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, Citigroup upped their price objective on shares of Boot Barn from $137.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $171.46.

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.