Harvest Fund Management Co. Ltd Takes Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Harvest Fund Management Co. Ltd bought a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) during the fourth quarter, Holdings Channel.com reports. The fund bought 2,644 shares of the company’s stock, valued at approximately $401,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp grew its holdings in Boot Barn by 4.4% in the 3rd quarter. State Street Corp now owns 1,208,345 shares of the company’s stock valued at $202,132,000 after buying an additional 51,356 shares during the last quarter. Geode Capital Management LLC grew its holdings in Boot Barn by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock valued at $113,150,000 after buying an additional 6,369 shares during the last quarter. Franklin Resources Inc. grew its holdings in Boot Barn by 1.0% in the 3rd quarter. Franklin Resources Inc. now owns 420,688 shares of the company’s stock valued at $68,004,000 after buying an additional 4,226 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Boot Barn by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 358,579 shares of the company’s stock valued at $54,439,000 after buying an additional 5,881 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in Boot Barn by 92.3% in the 4th quarter. Jennison Associates LLC now owns 340,550 shares of the company’s stock valued at $51,702,000 after buying an additional 163,451 shares during the last quarter.

Boot Barn Price Performance

Boot Barn stock opened at $104.64 on Friday. The company has a market capitalization of $3.20 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 1.17 and a beta of 2.07. Boot Barn Holdings, Inc. has a one year low of $84.28 and a one year high of $176.64. The business has a 50 day simple moving average of $134.51 and a 200 day simple moving average of $144.52.

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

Insider Buying and Selling

In other Boot Barn news, CEO John Hazen sold 6,311 shares of Boot Barn stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total value of $965,456.78. Following the completion of the transaction, the chief executive officer now owns 3,937 shares in the company, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BOOT has been the topic of a number of research analyst reports. Bank of America raised their target price on Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. UBS Group lowered their target price on Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Robert W. Baird decreased their price objective on Boot Barn from $190.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, March 5th. Craig Hallum set a $178.00 price objective on Boot Barn in a report on Friday, January 31st. Finally, StockNews.com lowered Boot Barn from a “hold” rating to a “sell” rating in a report on Monday, February 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Boot Barn currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.92.

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.