Louisiana State Employees Retirement System Makes New Investment in Boot Barn Holdings, Inc. (NYSE:BOOT)

Louisiana State Employees Retirement System purchased a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 15,200 shares of the company's stock, valued at approximately $1,167,000. Louisiana State Employees Retirement System owned about 0.05% of Boot Barn at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Wellington Management Group LLP grew its position in Boot Barn by 150.4% during the 3rd quarter. Wellington Management Group LLP now owns 897,896 shares of the company's stock worth $72,900,000 after acquiring an additional 539,296 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Boot Barn by 11.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 584,576 shares of the company's stock worth $47,462,000 after acquiring an additional 60,456 shares during the last quarter. Jennison Associates LLC grew its position in Boot Barn by 52.1% during the 3rd quarter. Jennison Associates LLC now owns 471,873 shares of the company's stock worth $38,311,000 after acquiring an additional 161,585 shares during the last quarter. FMR LLC grew its position in Boot Barn by 13.4% during the 3rd quarter. FMR LLC now owns 463,287 shares of the company's stock worth $37,614,000 after acquiring an additional 54,810 shares during the last quarter. Finally, Congress Asset Management Co. MA boosted its position in Boot Barn by 10.6% in the 3rd quarter. Congress Asset Management Co. MA now owns 402,526 shares of the company's stock valued at $32,681,000 after buying an additional 38,704 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts have commented on BOOT shares. B. Riley decreased their price objective on Boot Barn from $92.00 to $83.00 and set a "buy" rating on the stock in a research report on Thursday, February 1st. Piper Sandler increased their price objective on Boot Barn from $94.00 to $110.00 and gave the company an "overweight" rating in a research report on Tuesday, April 16th. BTIG Research decreased their price objective on Boot Barn from $102.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, February 1st. Robert W. Baird increased their price objective on Boot Barn from $70.00 to $90.00 and gave the company a "neutral" rating in a research report on Thursday, March 21st. Finally, KeyCorp began coverage on Boot Barn in a research report on Wednesday, February 7th. They issued a "sector weight" rating on the stock. 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $105.56.

Boot Barn Stock Up 3.4 %

Boot Barn stock traded up $3.47 during mid-day trading on Tuesday, hitting $106.65. 1,054,618 shares of the company's stock were exchanged, compared to its average volume of 829,617. The firm has a market capitalization of $3.23 billion, a P/E ratio of 19.86 and a beta of 2.19. Boot Barn Holdings, Inc. has a fifty-two week low of $64.33 and a fifty-two week high of $109.51. The company's 50 day simple moving average is $92.85 and its 200-day simple moving average is $81.46.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.80 by $0.01. The business had revenue of $520.40 million for the quarter, compared to the consensus estimate of $520.34 million. Boot Barn had a return on equity of 19.52% and a net margin of 9.62%. Research analysts expect that Boot Barn Holdings, Inc. will post 4.72 EPS for the current year.

Insider Buying and Selling

In related news, Director Gene Eddie Burt sold 1,000 shares of the firm's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $85.03, for a total transaction of $85,030.00. Following 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In other Boot Barn news, Director Gene Eddie Burt sold 1,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $85.03, for a total transaction of $85,030.00. Following the completion of the transaction, the director now owns 1,542 shares in the company, valued at approximately $131,116.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Laurie Marie Grijalva sold 5,861 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $90.31, for a total value of $529,306.91. Following the transaction, the insider now owns 5,861 shares of the company's stock, valued at approximately $529,306.91. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,339 shares of company stock valued at $2,413,715. 2.20% of the stock is owned by company insiders.

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.