Boot Barn Holdings, Inc. (NYSE:BOOT) Stock Holdings Lessened by Phocas Financial Corp.

Phocas Financial Corp. reduced its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 84.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,772 shares of the company’s stock after selling 65,015 shares during the period. Boot Barn accounts for approximately 1.3% of Phocas Financial Corp.’s holdings, making the stock its 12th biggest position. Phocas Financial Corp.’s holdings in Boot Barn were worth $1,787,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. GHP Investment Advisors Inc. bought a new position in Boot Barn during the third quarter valued at about $25,000. Blue Trust Inc. grew 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 acquiring an additional 143 shares during the period. R Squared Ltd acquired a new position in Boot Barn during the fourth quarter valued at approximately $102,000. KBC Group NV increased 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 worth $159,000 after acquiring an additional 180 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in Boot Barn by 13.9% in the 4th quarter. First Horizon Advisors Inc. now owns 1,095 shares of the company’s stock worth $166,000 after purchasing an additional 134 shares during the period.

Wall Street Analysts Forecast Growth

BOOT has been the subject of a number of research analyst reports. StockNews.com cut Boot Barn from a “hold” rating to a “sell” rating in a report on Monday, February 17th. Piper Sandler restated an “overweight” rating and issued a $181.00 price target (up from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. Craig Hallum set a $178.00 price objective on Boot Barn in a research note on Friday, January 31st. Baird R W raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Finally, UBS Group cut their price target on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $184.83.

Boot Barn Stock Performance

Boot Barn stock opened at $125.92 on Wednesday. The stock has a fifty day moving average of $150.26 and a two-hundred day moving average of $148.17. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 1.17 and a beta of 2.10. Boot Barn Holdings, Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $176.64.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. On average, analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Insider Activity

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 3,937 shares in the company, valued at $602,282.26. This represents a 61.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Boot Barn 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.