Moody Aldrich Partners LLC Invests $2.17 Million in Boot Barn Holdings, Inc. (NYSE:BOOT)

Moody Aldrich Partners LLC purchased a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 28,254 shares of the company's stock, valued at approximately $2,169,000. Moody Aldrich Partners LLC owned approximately 0.09% of Boot Barn as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Boot Barn by 1.2% in the third quarter. Vanguard Group Inc. now owns 2,708,545 shares of the company's stock valued at $158,342,000 after buying an additional 31,166 shares in the last quarter. State Street Corp grew its stake in shares of Boot Barn by 3.1% in the second quarter. State Street Corp now owns 1,128,031 shares of the company's stock valued at $95,533,000 after buying an additional 33,688 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Boot Barn by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,070,951 shares of the company's stock valued at $82,075,000 after buying an additional 15,939 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Boot Barn by 150.4% in the third quarter. Wellington Management Group LLP now owns 897,896 shares of the company's stock valued at $72,900,000 after buying an additional 539,296 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Boot Barn by 107.0% in the first quarter. Ameriprise Financial Inc. now owns 662,669 shares of the company's stock valued at $50,787,000 after buying an additional 342,539 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Piper Sandler decreased their target price on shares of Boot Barn from $99.00 to $94.00 and set an "overweight" rating for the company in a research note on Thursday, February 1st. B. Riley cut their price target on Boot Barn from $92.00 to $83.00 and set a "buy" rating for the company in a report on Thursday, February 1st. Williams Trading reaffirmed a "hold" rating on shares of Boot Barn in a report on Tuesday, January 16th. KeyCorp initiated coverage on Boot Barn in a report on Wednesday, February 7th. They set a "sector weight" rating for the company. Finally, UBS Group raised Boot Barn from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $75.00 to $108.00 in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Boot Barn currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.78.

Boot Barn Trading Down 3.1 %

Boot Barn stock traded down $3.11 during midday trading on Wednesday, reaching $98.76. The company's stock had a trading volume of 996,312 shares, compared to its average volume of 837,077. Boot Barn Holdings, Inc. has a 52 week low of $64.33 and a 52 week high of $104.91. The business has a 50-day moving average price of $89.84 and a 200-day moving average price of $80.14. The stock has a market cap of $2.99 billion, a PE ratio of 18.39 and a beta of 2.19.

Boot Barn (NYSE:BOOT - Get Free Report) last released its earnings results on Wednesday, January 31st. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.80 by $0.01. Boot Barn had a return on equity of 19.52% and a net margin of 9.62%. The firm had revenue of $520.40 million for the quarter, compared to analysts' expectations of $520.34 million. As a group, research analysts predict that Boot Barn Holdings, Inc. will post 4.72 EPS for the current fiscal year.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, CEO James Grant Conroy sold 19,478 shares of Boot Barn stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $92.38, for a total value of $1,799,377.64. Following the transaction, the chief executive officer now owns 46,273 shares in the company, valued at $4,274,699.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Laurie Marie Grijalva sold 5,861 shares of the business's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $90.31, for a total transaction of $529,306.91. Following the sale, the insider now directly owns 5,861 shares in the company, valued at $529,306.91. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO James Grant Conroy sold 19,478 shares of the business's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $92.38, for a total value of $1,799,377.64. Following the sale, the chief executive officer now owns 46,273 shares in the company, valued at $4,274,699.74. The disclosure for this sale can be found here. Insiders have sold a total of 26,339 shares of company stock worth $2,413,715 over the last 90 days. Insiders own 2.20% of the company's stock.

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.