WCM Investment Management LLC Has $20.90 Million Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

WCM Investment Management LLC decreased its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 136,338 shares of the company’s stock after selling 2,782 shares during the quarter. WCM Investment Management LLC owned about 0.45% of Boot Barn worth $20,902,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BOOT. GHP Investment Advisors Inc. bought a new position in Boot Barn during the third quarter worth about $25,000. Blue Trust Inc. increased its holdings in Boot Barn by 1,430.0% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the company’s stock worth $26,000 after purchasing an additional 143 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Boot Barn by 100.8% during the third quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock worth $89,000 after buying an additional 268 shares during the period. R Squared Ltd acquired a new stake in Boot Barn in the 4th quarter valued at approximately $102,000. Finally, KBC Group NV raised its holdings in shares of Boot Barn by 23.3% in the third quarter. KBC Group NV now owns 951 shares of the company’s stock valued at $159,000 after purchasing an additional 180 shares during the last quarter.

Boot Barn Trading Down 0.9 %

Shares of BOOT stock opened at $139.94 on Friday. The stock has a market cap of $4.28 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 1.25 and a beta of 2.10. Boot Barn Holdings, Inc. has a 1 year low of $82.67 and a 1 year high of $176.64. The stock has a 50 day simple moving average of $153.82 and a 200 day simple moving average of $147.36.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.43 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. Analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Insider Activity at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total value of $965,456.78. Following the sale, the chief executive officer now owns 3,937 shares of the company’s stock, valued at $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

BOOT has been the subject of a number of analyst reports. Craig Hallum downgraded shares of Boot Barn from a “buy” rating to a “hold” rating and raised their target price for the company from $154.00 to $162.00 in a research report on Friday, October 25th. Williams Trading restated a “buy” rating and issued a $173.00 price target on shares of Boot Barn in a research note on Tuesday, October 29th. UBS Group cut their price objective on Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a report on Monday, February 3rd. KeyCorp upgraded shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research note on Thursday, January 23rd. Finally, StockNews.com upgraded shares of Boot Barn from a “sell” rating to a “hold” rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Boot Barn has an average rating of “Moderate Buy” and a consensus price target of $181.58.

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.