Jennison Associates LLC Has $34.08 Million Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Jennison Associates LLC reduced its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 443,913 shares of the company's stock after selling 27,960 shares during the quarter. Jennison Associates LLC owned 1.47% of Boot Barn worth $34,075,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System acquired a new stake in Boot Barn in the 4th quarter valued at approximately $1,167,000. Jump Financial LLC acquired a new position in shares of Boot Barn during the 3rd quarter valued at $1,688,000. Schonfeld Strategic Advisors LLC increased its position in shares of Boot Barn by 410.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 14,300 shares of the company's stock valued at $1,161,000 after purchasing an additional 11,500 shares during the period. Qube Research & Technologies Ltd acquired a new position in shares of Boot Barn during the 3rd quarter valued at $8,486,000. Finally, Boston Partners acquired a new position in shares of Boot Barn during the 3rd quarter valued at $648,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BOOT shares. KeyCorp started coverage on Boot Barn in a research report on Wednesday, February 7th. They set a "sector weight" rating on the stock. B. Riley lowered their price target 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. StockNews.com cut Boot Barn from a "hold" rating to a "sell" rating in a research report on Friday, January 19th. Piper Sandler lifted their price target on Boot Barn from $94.00 to $110.00 and gave the company an "overweight" rating in a research report on Tuesday, April 16th. Finally, Williams Trading restated a "hold" rating on shares of Boot Barn in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Boot Barn currently has an average rating of "Moderate Buy" and an average price target of $105.56.

Insider Transactions at Boot Barn

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

Boot Barn Trading Down 0.1 %

Shares of NYSE BOOT traded down $0.07 during mid-day trading on Thursday, reaching $107.28. The company had a trading volume of 443,578 shares, compared to its average volume of 820,359. The stock has a market cap of $3.25 billion, a PE ratio of 19.98 and a beta of 2.19. The company has a 50-day moving average price of $93.19 and a two-hundred day moving average price of $81.64. Boot Barn Holdings, Inc. has a 1-year low of $64.33 and a 1-year high of $109.51.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its earnings results 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 during the quarter, compared to analysts' expectations of $520.34 million. Boot Barn had a return on equity of 19.52% and a net margin of 9.62%. On average, research analysts expect that Boot Barn Holdings, Inc. will post 4.73 EPS for the current year.

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.