WCM Investment Management LLC Grows Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

WCM Investment Management LLC grew its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 66.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 282,246 shares of the company's stock after buying an additional 112,606 shares during the quarter. WCM Investment Management LLC owned 0.93% of Boot Barn worth $21,801,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BOOT. Wellington Management Group LLP lifted its position in shares of Boot Barn by 150.4% during the third quarter. Wellington Management Group LLP now owns 897,896 shares of the company's stock valued at $72,900,000 after purchasing an additional 539,296 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Boot Barn by 107.0% during the first quarter. Ameriprise Financial Inc. now owns 662,669 shares of the company's stock valued at $50,787,000 after purchasing an additional 342,539 shares in the last quarter. American Century Companies Inc. bought a new position in shares of Boot Barn during the third quarter valued at about $23,028,000. Goldman Sachs Group Inc. lifted its position in shares of Boot Barn by 191.4% during the second quarter. Goldman Sachs Group Inc. now owns 326,859 shares of the company's stock valued at $22,524,000 after purchasing an additional 214,704 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Boot Barn by 52.1% during the third quarter. Jennison Associates LLC now owns 471,873 shares of the company's stock valued at $38,311,000 after purchasing an additional 161,585 shares in the last quarter.

Insider Activity at Boot Barn

In related news, CEO James Grant Conroy sold 19,478 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $92.38, for a total transaction of $1,799,377.64. Following the transaction, the chief executive officer now owns 46,273 shares of the company's stock, valued at approximately $4,274,699.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Boot Barn news, Director Gene Eddie Burt sold 1,000 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $85.03, for a total transaction of $85,030.00. Following the completion of the sale, the director now owns 1,542 shares of the company's stock, valued at approximately $131,116.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James Grant Conroy sold 19,478 shares of the stock in a transaction on Thursday, February 29th. The shares were 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 directly owns 46,273 shares of the company's stock, valued at approximately $4,274,699.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,339 shares of company stock valued at $2,413,715. Insiders own 2.20% of the company's stock.

Boot Barn Trading Down 1.3 %

Shares of NYSE:BOOT traded down $1.31 during trading on Friday, reaching $99.18. The company had a trading volume of 658,904 shares, compared to its average volume of 697,962. The company has a fifty day moving average of $90.60 and a two-hundred day moving average of $80.42. The stock has a market capitalization of $3.01 billion, a P/E ratio of 18.47 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.

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

Analysts Set New Price Targets

BOOT has been the topic of several research reports. BTIG Research lowered their price objective on shares of Boot Barn from $102.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, February 1st. StockNews.com lowered shares of Boot Barn from a "hold" rating to a "sell" rating in a research report on Friday, January 19th. Williams Trading reaffirmed a "hold" rating on shares of Boot Barn in a research report on Tuesday, January 16th. B. Riley lowered their price objective on shares of Boot Barn from $92.00 to $83.00 and set a "buy" rating on the stock in a research report on Thursday, February 1st. Finally, UBS Group raised shares of Boot Barn from a "neutral" rating to a "buy" rating and boosted their price target for the company from $75.00 to $108.00 in a research report on Friday, January 5th. One 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $103.78.

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.