Summit Creek Advisors LLC Raises Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Summit Creek Advisors LLC grew its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 260,473 shares of the company's stock after acquiring an additional 17,688 shares during the period. Boot Barn comprises approximately 2.7% of Summit Creek Advisors LLC's portfolio, making the stock its 10th largest position. Summit Creek Advisors LLC owned 0.86% of Boot Barn worth $19,994,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Louisiana State Employees Retirement System purchased a new position in Boot Barn in the fourth quarter worth approximately $1,167,000. Jump Financial LLC purchased a new stake in shares of Boot Barn during the 3rd quarter worth $1,688,000. State of New Jersey Common Pension Fund D grew its stake in shares of Boot Barn by 26.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 34,747 shares of the company's stock worth $2,667,000 after purchasing an additional 7,217 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in Boot Barn by 410.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 14,300 shares of the company's stock valued at $1,161,000 after buying an additional 11,500 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in Boot Barn in the third quarter valued at $8,486,000.

Insider Activity

In related news, CEO James Grant Conroy sold 19,478 shares of the 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 completion of the sale, the chief executive officer now directly owns 46,273 shares of the company's stock, valued at $4,274,699.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Laurie Marie Grijalva sold 5,861 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $90.31, for a total transaction of $529,306.91. Following the completion of the transaction, the insider now directly owns 5,861 shares of the company's stock, valued at $529,306.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Grant Conroy sold 19,478 shares of the business's stock in a transaction that occurred on 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 approximately $4,274,699.74. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BOOT shares. JPMorgan Chase & Co. increased their price objective on Boot Barn from $85.00 to $115.00 and gave the company an "overweight" rating in a report on Thursday. BTIG Research boosted their price objective on shares of Boot Barn from $100.00 to $127.00 and gave the stock a "buy" rating in a research report on Monday, April 29th. StockNews.com cut shares of Boot Barn from a "hold" rating to a "sell" rating in a report on Friday, January 19th. Robert W. Baird lifted their price target on shares of Boot Barn from $70.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, March 21st. Finally, KeyCorp started coverage on shares of Boot Barn in a research note on Wednesday, February 7th. They issued a "sector weight" rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $109.70.

Boot Barn Stock Up 3.0 %

BOOT stock traded up $3.10 during trading on Monday, hitting $106.85. The company had a trading volume of 1,454,367 shares, compared to its average volume of 821,534. Boot Barn Holdings, Inc. has a 1-year low of $64.33 and a 1-year high of $110.89. The firm has a 50-day moving average price of $97.14 and a 200-day moving average price of $84.28. The firm has a market cap of $3.24 billion, a PE ratio of 19.90 and a beta of 2.15.

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.