2,119 Shares in Boot Barn Holdings, Inc. (NYSE:BOOT) Acquired by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC bought a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,119 shares of the company’s stock, valued at approximately $322,000.

Other hedge funds also recently modified their holdings of the company. Trust Point Inc. raised its position in Boot Barn by 0.8% during the third quarter. Trust Point Inc. now owns 9,112 shares of the company’s stock valued at $1,524,000 after buying an additional 71 shares during the period. Crossmark Global Holdings Inc. grew its stake in Boot Barn by 3.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company’s stock valued at $382,000 after acquiring an additional 82 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Boot Barn by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,192 shares of the company’s stock valued at $701,000 after purchasing an additional 83 shares during the period. Kings Path Partners LLC lifted its position in shares of Boot Barn by 2.7% in the third quarter. Kings Path Partners LLC now owns 5,430 shares of the company’s stock worth $908,000 after purchasing an additional 142 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of Boot Barn during the third quarter worth approximately $25,000.

Insider Buying and Selling at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total transaction of $965,456.78. Following the completion of the transaction, the chief executive officer now directly owns 3,937 shares in the company, valued at $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on BOOT shares. Robert W. Baird upgraded shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price objective on the stock in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on shares of Boot Barn from $181.00 to $188.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Piper Sandler reissued an “overweight” rating and set a $179.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. Bank of America upped their target price on Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, BTIG Research lifted their price target on Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.58.

Boot Barn Stock Performance

Shares of BOOT stock opened at $153.54 on Friday. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 1.59 and a beta of 2.10. The stock’s 50 day simple moving average is $145.96 and its 200 day simple moving average is $143.46. Boot Barn Holdings, Inc. has a twelve month low of $69.35 and a twelve month high of $169.83.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The business had revenue of $425.80 million during the quarter, compared to analysts’ expectations of $424.42 million. During the same period in the previous year, the company earned $0.91 earnings per share. Boot Barn’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, analysts forecast that Boot Barn Holdings, Inc. will post 5.48 EPS for the current fiscal 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.