WCM Investment Management LLC Sells 2,782 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

WCM Investment Management LLC reduced its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 2.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 136,338 shares of the company’s stock after selling 2,782 shares during the period. WCM Investment Management LLC’s holdings in Boot Barn were worth $20,902,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp grew its holdings in Boot Barn by 4.4% during the third quarter. State Street Corp now owns 1,208,345 shares of the company’s stock worth $202,132,000 after buying an additional 51,356 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Boot Barn by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock worth $113,150,000 after purchasing an additional 6,369 shares during the period. Thrivent Financial for Lutherans grew its position in Boot Barn by 0.4% during 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 during the period. Franklin Resources Inc. boosted its stake in Boot Barn by 1.0% in the third quarter. Franklin Resources Inc. now owns 420,688 shares of the company’s stock valued at $68,004,000 after acquiring an additional 4,226 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Boot Barn by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 352,698 shares of the company’s stock worth $58,999,000 after purchasing an additional 6,335 shares during the last quarter.

Boot Barn Stock Down 0.9 %

NYSE:BOOT opened at $139.94 on Friday. Boot Barn Holdings, Inc. has a twelve month low of $82.67 and a twelve month high of $176.64. The stock has a market cap of $4.28 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 1.25 and a beta of 2.10. The firm’s fifty day simple moving average is $153.82 and its 200 day simple moving average is $147.36.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. On average, analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BOOT shares. KeyCorp raised Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research report on Thursday, January 23rd. Benchmark reaffirmed a “buy” rating and issued a $192.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. BTIG Research lifted their target price on Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a report on Monday, January 13th. Williams Trading reissued a “buy” rating and set a $173.00 price objective on shares of Boot Barn in a research note on Tuesday, October 29th. Finally, Piper Sandler reiterated an “overweight” rating and set a $181.00 price target (up previously from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $181.58.

Insider Activity

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 transaction, the chief executive officer now owns 3,937 shares of the company’s stock, valued at $602,282.26. This trade represents a 61.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

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.