Principal Financial Group Inc. Has $35.21 Million Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

Principal Financial Group Inc. increased its holdings in Boot Barn Holdings, Inc. (NYSE:BOOTFree Report) by 13.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 231,933 shares of the company’s stock after buying an additional 28,268 shares during the period. Principal Financial Group Inc.’s holdings in Boot Barn were worth $35,212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp raised its position in shares of Boot Barn by 4.4% in the third 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 in the last quarter. Geode Capital Management LLC raised its position in shares of Boot Barn by 1.0% in the third 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 in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Boot Barn by 0.4% in the third quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company’s stock valued at $82,895,000 after buying an additional 1,834 shares in the last quarter. Franklin Resources Inc. raised its position in Boot Barn by 1.0% during the third quarter. Franklin Resources Inc. now owns 420,688 shares of the company’s stock valued at $68,004,000 after purchasing an additional 4,226 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Boot Barn by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 352,698 shares of the company’s stock valued at $58,999,000 after purchasing an additional 6,335 shares in the last quarter.

Boot Barn Stock Performance

NYSE BOOT opened at $128.11 on Friday. The firm’s fifty day moving average price is $151.12 and its two-hundred day moving average price is $147.81. The stock has a market cap of $3.92 billion, a PE ratio of 22.88, a PEG ratio of 1.18 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:BOOTGet Free Report) last posted its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. As a group, sell-side analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Insider Buying and Selling

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 currently owned by insiders.

Analyst Ratings Changes

BOOT has been the subject of several research analyst reports. Citigroup lowered their price objective on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. StockNews.com downgraded shares of Boot Barn from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. KeyCorp upgraded shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research report on Thursday, January 23rd. Bank of America boosted their price objective on shares of Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Boot Barn has an average rating of “Moderate Buy” and a consensus target price of $181.58.

Read Our Latest Research Report on BOOT

Boot Barn Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Boot Barn (NYSE:BOOT)

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