North Star Investment Management Corp. Lowers Stake in Boot Barn Holdings Inc (BOOT)

North Star Investment Management Corp. cut its position in Boot Barn Holdings Inc (NYSE:BOOT) by 47.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,100 shares of the company’s stock after selling 85,000 shares during the quarter. North Star Investment Management Corp. owned about 0.36% of Boot Barn worth $1,580,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Frontier Capital Management Co. LLC boosted its holdings in Boot Barn by 3.5% in the third quarter. Frontier Capital Management Co. LLC now owns 2,487,413 shares of the company’s stock worth $22,138,000 after acquiring an additional 84,222 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Boot Barn by 26.1% in the second quarter. Franklin Resources Inc. now owns 1,840,355 shares of the company’s stock worth $13,030,000 after acquiring an additional 381,163 shares in the last quarter. Stephens Investment Management Group LLC lifted its holdings in shares of Boot Barn by 15.7% in the third quarter. Stephens Investment Management Group LLC now owns 1,568,993 shares of the company’s stock valued at $13,964,000 after purchasing an additional 213,405 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Boot Barn by 38.0% in the third quarter. Dimensional Fund Advisors LP now owns 865,400 shares of the company’s stock valued at $7,702,000 after purchasing an additional 238,407 shares in the last quarter. Finally, Citadel Advisors LLC lifted its holdings in shares of Boot Barn by 1.8% in the third quarter. Citadel Advisors LLC now owns 540,305 shares of the company’s stock valued at $4,808,000 after purchasing an additional 9,437 shares in the last quarter.

A number of analysts have issued reports on BOOT shares. Robert W. Baird reissued a “buy” rating and issued a $24.00 target price on shares of Boot Barn in a research report on Thursday. TheStreet raised Boot Barn from a “d” rating to a “c” rating in a report on Monday, October 30th. JPMorgan Chase & Co. raised Boot Barn from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $9.00 to $17.00 in a research note on Sunday, November 26th. Zacks Investment Research raised Boot Barn from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Thursday. Finally, Jefferies Group reaffirmed a “buy” rating and set a $20.00 price target on shares of Boot Barn in a research note on Monday, December 18th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $17.63.

In other Boot Barn news, Director Greg Bettinelli sold 51,192 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $17.25, for a total value of $883,062.00. Following the completion of the sale, the director now owns 58,875 shares of the company’s stock, valued at $1,015,593.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Fs Capital Partners Vi, Llc sold 6,413,616 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $17.25, for a total transaction of $110,634,876.00. The disclosure for this sale can be found here. Insiders sold a total of 6,643,581 shares of company stock valued at $114,601,772 over the last 90 days. 4.60% of the stock is currently owned by company insiders.

Boot Barn Holdings Inc (NYSE BOOT) traded up $0.57 during mid-day trading on Friday, hitting $19.19. The company’s stock had a trading volume of 1,852,890 shares, compared to its average volume of 1,021,107. The stock has a market cap of $505.04, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 1.72 and a beta of 1.71. Boot Barn Holdings Inc has a 1 year low of $5.90 and a 1 year high of $19.66. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.32 and a quick ratio of 0.16.

Boot Barn (NYSE:BOOT) last announced its earnings results on Wednesday, January 31st. The company reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. The business had revenue of $224.70 million during the quarter, compared to analyst estimates of $225.00 million. Boot Barn had a net margin of 3.67% and a return on equity of 9.85%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. research analysts forecast that Boot Barn Holdings Inc will post 0.69 earnings per share for the current year.

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Boot Barn Company Profile

Boot Barn Holdings, Inc is a lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. The Company’s stores are located in or near neighborhood shopping centers with trade areas of approximately five or more miles, and it has opened stores in malls and outlet center locations.

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

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