Alberta Investment Management Corp Makes New Investment in Boot Barn Holdings, Inc. (NYSE:BOOT)

Alberta Investment Management Corp purchased a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 18,722 shares of the company’s stock, valued at approximately $2,842,000. Alberta Investment Management Corp owned about 0.06% of Boot Barn as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. GHP Investment Advisors Inc. bought a new stake in Boot Barn during the 3rd quarter valued at approximately $25,000. Blue Trust Inc. lifted its holdings in shares of Boot Barn by 1,430.0% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock worth $26,000 after buying an additional 143 shares during the last quarter. R Squared Ltd bought a new stake in shares of Boot Barn in the fourth quarter valued at approximately $102,000. KBC Group NV grew its stake 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 during the last quarter. Finally, Venturi Wealth Management LLC bought a new position in Boot Barn during the fourth quarter worth $192,000.

Insider Transactions at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of the firm’s 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 sale, the chief executive officer now directly owns 3,937 shares in the company, valued at approximately $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is owned by company insiders.

Boot Barn Price Performance

Boot Barn stock opened at $132.30 on Friday. Boot Barn Holdings, Inc. has a 52-week low of $82.67 and a 52-week high of $176.64. The stock has a fifty day moving average price of $151.45 and a two-hundred day moving average price of $147.75. The firm has a market capitalization of $4.05 billion, a P/E ratio of 23.62, a P/E/G ratio of 1.22 and a beta of 2.10.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, beating 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, equities research analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BOOT has been the subject of a number of research reports. Craig Hallum downgraded shares of Boot Barn from a “buy” rating to a “hold” rating and increased their price target for the company from $154.00 to $162.00 in a report on Friday, October 25th. Citigroup reduced their target price on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Baird R W raised Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. StockNews.com lowered Boot Barn from a “hold” rating to a “sell” rating in a report on Monday. Finally, JPMorgan Chase & Co. boosted 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $181.58.

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.