Swiss National Bank Buys New Stake in Boot Barn Holdings Inc (BOOT)
Swiss National Bank bought a new stake in shares of Boot Barn Holdings Inc (NYSE:BOOT) in the 2nd quarter, Holdings Channel reports. The firm bought 48,100 shares of the company’s stock, valued at approximately $998,000.
Other large investors have also made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in shares of Boot Barn in the first quarter valued at approximately $101,000. SG Americas Securities LLC purchased a new stake in shares of Boot Barn in the first quarter valued at approximately $107,000. Victory Capital Management Inc. purchased a new stake in shares of Boot Barn in the first quarter valued at approximately $130,000. MetLife Investment Advisors LLC purchased a new stake in shares of Boot Barn in the first quarter valued at approximately $170,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of Boot Barn by 90.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 11,888 shares of the company’s stock valued at $211,000 after purchasing an additional 5,657 shares during the period.
A number of analysts recently issued reports on BOOT shares. Zacks Investment Research upgraded Boot Barn from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday, July 17th. Pivotal Research set a $24.00 price target on Boot Barn and gave the company a “hold” rating in a report on Wednesday, August 8th. Finally, TheStreet upgraded Boot Barn from a “c+” rating to a “b” rating in a report on Tuesday, August 28th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $24.00.
Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Tuesday, August 7th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The company had revenue of $161.98 million during the quarter, compared to the consensus estimate of $159.57 million. Boot Barn had a net margin of 4.98% and a return on equity of 11.04%. sell-side analysts predict that Boot Barn Holdings Inc will post 1.08 EPS for the current fiscal year.
In other news, insider Laurie Marie Grijalva sold 41,779 shares of the company’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $29.90, for a total transaction of $1,249,192.10. Following the transaction, the insider now directly owns 18,327 shares of the company’s stock, valued at $547,977.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO James Grant Conroy sold 98,870 shares of the company’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $27.67, for a total value of $2,735,732.90. Following the transaction, the chief executive officer now directly owns 64,515 shares in the company, valued at $1,785,130.05. The disclosure for this sale can be found here. Insiders sold 238,193 shares of company stock valued at $6,841,756 in the last three months. 2.00% of the stock is currently owned by insiders.
About Boot Barn
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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