Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 562,082 shares of the company's stock after selling 22,494 shares during the period. Allspring Global Investments Holdings LLC owned about 1.86% of Boot Barn worth $43,145,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BOOT. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Boot Barn by 5.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,016 shares of the company's stock worth $1,076,000 after purchasing an additional 760 shares during the last quarter. Trust Point Inc. acquired a new position in shares of Boot Barn during the 4th quarter worth approximately $465,000. Schechter Investment Advisors LLC boosted its holdings in shares of Boot Barn by 14.0% during the 4th quarter. Schechter Investment Advisors LLC now owns 20,951 shares of the company's stock worth $1,608,000 after purchasing an additional 2,579 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Boot Barn by 15.4% during the 4th quarter. Raymond James & Associates now owns 17,725 shares of the company's stock worth $1,361,000 after purchasing an additional 2,371 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Boot Barn during the 4th quarter worth approximately $199,000.

Insider Transactions at Boot Barn

In other news, CEO James Grant Conroy sold 19,478 shares of the company's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $92.38, for a total transaction of $1,799,377.64. Following the sale, the chief executive officer now owns 46,273 shares of the company's stock, valued at $4,274,699.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO James Grant Conroy sold 19,478 shares of the company's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $92.38, for a total transaction of $1,799,377.64. Following the sale, the chief executive officer now owns 46,273 shares of the company's stock, valued at $4,274,699.74. 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 5,861 shares of the company's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $90.31, for a total value of $529,306.91. Following the sale, the insider now directly owns 5,861 shares in the company, valued at approximately $529,306.91. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,339 shares of company stock valued at $2,413,715. 2.20% of the stock is currently owned by company insiders.

Boot Barn Stock Down 1.3 %

NYSE BOOT traded down $1.32 on Friday, reaching $99.17. The stock had a trading volume of 658,896 shares, compared to its average volume of 833,428. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 18.72 and a beta of 2.19. Boot Barn Holdings, Inc. has a 12-month low of $64.33 and a 12-month high of $104.91. The stock has a fifty day moving average price of $90.26 and a two-hundred day moving average price of $80.28.

Boot Barn (NYSE:BOOT - Get Free Report) last announced 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. The company had revenue of $520.40 million for the quarter, compared to analyst estimates of $520.34 million. Boot Barn had a return on equity of 19.52% and a net margin of 9.62%. Sell-side analysts forecast that Boot Barn Holdings, Inc. will post 4.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BOOT. UBS Group upgraded Boot Barn from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $75.00 to $108.00 in a report on Friday, January 5th. KeyCorp assumed coverage on Boot Barn in a report on Wednesday, February 7th. They issued a "sector weight" rating on the stock. Robert W. Baird upped their price objective on Boot Barn from $70.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, March 21st. Williams Trading reiterated a "hold" rating on shares of Boot Barn in a report on Tuesday, January 16th. Finally, Piper Sandler decreased their price objective on Boot Barn from $99.00 to $94.00 and set an "overweight" rating on the stock in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $103.78.

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.