Garnet Equity Capital Holdings Inc. acquired a new stake in shares of Boot Barn Holdings Inc (NYSE:BOOT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 195,400 shares of the company’s stock, valued at approximately $3,246,000. Boot Barn comprises 2.6% of Garnet Equity Capital Holdings Inc.’s holdings, making the stock its 21st biggest holding. Garnet Equity Capital Holdings Inc. owned about 0.72% of Boot Barn at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in BOOT. Teachers Advisors LLC increased its holdings in shares of Boot Barn by 7.1% in the 2nd quarter. Teachers Advisors LLC now owns 28,080 shares of the company’s stock worth $199,000 after purchasing an additional 1,858 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Boot Barn by 811.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 9,908 shares of the company’s stock worth $165,000 after purchasing an additional 8,821 shares in the last quarter. State Street Corp increased its holdings in shares of Boot Barn by 4.5% in the 2nd quarter. State Street Corp now owns 203,372 shares of the company’s stock worth $1,440,000 after purchasing an additional 8,835 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of Boot Barn by 1.8% in the 3rd quarter. Citadel Advisors LLC now owns 540,305 shares of the company’s stock worth $4,808,000 after purchasing an additional 9,437 shares in the last quarter. Finally, Stone Ridge Asset Management LLC bought a new stake in shares of Boot Barn in the 4th quarter worth $246,000.
A number of analysts have commented on BOOT shares. Jefferies Group reissued a “buy” rating and issued a $20.00 target price on shares of Boot Barn in a report on Monday, December 18th. Zacks Investment Research raised Boot Barn from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Thursday, February 8th. ValuEngine raised Boot Barn from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Robert W. Baird reissued a “buy” rating and issued a $24.00 target price on shares of Boot Barn in a report on Thursday, February 1st. Finally, Pivotal Research set a $19.00 target price on Boot Barn and gave the stock a “hold” rating in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Boot Barn currently has a consensus rating of “Buy” and an average price target of $17.75.
Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Wednesday, January 31st. The company reported $0.46 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. Boot Barn had a return on equity of 9.55% and a net margin of 3.67%. The company had revenue of $224.70 million during the quarter, compared to analyst estimates of $225.00 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. Boot Barn’s revenue was up 12.7% compared to the same quarter last year. analysts forecast that Boot Barn Holdings Inc will post 0.7 EPS for the current fiscal year.
In related news, insider Laurie Marie Grijalva sold 12,387 shares of Boot Barn stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $18.50, for a total value of $229,159.50. Following the completion of the sale, the insider now owns 19,635 shares of the company’s stock, valued at $363,247.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Greg Bettinelli sold 51,192 shares of Boot Barn stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $17.25, for a total value of $883,062.00. Following the completion of the sale, the director now directly owns 58,875 shares of the company’s stock, valued at approximately $1,015,593.75. The disclosure for this sale can be found here. Insiders sold 6,682,831 shares of company stock valued at $115,327,897 in the last ninety days. 4.60% of the stock is currently owned by corporate insiders.
About Boot Barn
Boot Barn Holdings, Inc is a lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. The Company’s stores are located in or near neighborhood shopping centers with trade areas of approximately five or more miles, and it has opened stores in malls and outlet center locations.
Receive News & Ratings for Boot Barn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boot Barn and related companies with MarketBeat.com's FREE daily email newsletter.