Pier Capital LLC Sells 5,858 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Pier Capital LLC lessened its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,135 shares of the company’s stock after selling 5,858 shares during the quarter. Boot Barn accounts for approximately 1.3% of Pier Capital LLC’s portfolio, making the stock its 29th largest holding. Pier Capital LLC owned about 0.19% of Boot Barn worth $8,826,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Fisher Asset Management LLC grew its holdings in Boot Barn by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,192 shares of the company’s stock worth $701,000 after acquiring an additional 83 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Boot Barn by 0.7% during the fourth quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the company’s stock valued at $2,247,000 after acquiring an additional 100 shares in the last quarter. Arizona State Retirement System lifted its stake in Boot Barn by 1.1% in the fourth quarter. Arizona State Retirement System now owns 8,853 shares of the company’s stock worth $1,344,000 after acquiring an additional 100 shares during the period. Signaturefd LLC increased its position in Boot Barn by 201.8% during the 4th quarter. Signaturefd LLC now owns 166 shares of the company’s stock valued at $25,000 after purchasing an additional 111 shares during the period. Finally, Assetmark Inc. raised its holdings in Boot Barn by 45.2% in the 4th quarter. Assetmark Inc. now owns 363 shares of the company’s stock worth $55,000 after purchasing an additional 113 shares in the last quarter.

Insider Buying and Selling

In related news, CEO John Hazen sold 6,311 shares of the firm’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 sale, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. This trade represents a 61.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BOOT has been the topic of several research analyst reports. StockNews.com cut shares of Boot Barn from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. 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. JPMorgan Chase & Co. upped their price objective on Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Craig Hallum set a $178.00 price target on Boot Barn in a report on Friday, January 31st. Finally, KeyCorp upgraded Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $181.92.

Boot Barn Price Performance

Shares of BOOT stock opened at $112.75 on Tuesday. The company has a market cap of $3.45 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 1.17 and a beta of 2.07. The stock’s 50 day simple moving average is $133.66 and its two-hundred day simple moving average is $144.49. Boot Barn Holdings, Inc. has a 1 year low of $84.83 and a 1 year high of $176.64.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current 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.