Interval Partners LP bought a new stake in Boot Barn Holdings Inc (NYSE:BOOT) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 175,000 shares of the company’s stock, valued at approximately $3,103,000. Interval Partners LP owned about 0.65% of Boot Barn at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BOOT. A.R.T. Advisors LLC boosted its stake in shares of Boot Barn by 143.6% in the first quarter. A.R.T. Advisors LLC now owns 99,245 shares of the company’s stock valued at $1,759,000 after buying an additional 58,500 shares during the period. MetLife Investment Advisors LLC bought a new stake in shares of Boot Barn in the first quarter valued at approximately $170,000. Lisanti Capital Growth LLC boosted its stake in shares of Boot Barn by 26.4% in the first quarter. Lisanti Capital Growth LLC now owns 87,095 shares of the company’s stock valued at $1,544,000 after buying an additional 18,210 shares during the period. Landscape Capital Management L.L.C. boosted its stake in shares of Boot Barn by 526.7% in the first quarter. Landscape Capital Management L.L.C. now owns 159,097 shares of the company’s stock valued at $2,821,000 after buying an additional 133,710 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in shares of Boot Barn in the first quarter valued at approximately $886,000.

In other news, Director Peter Starrett sold 150,042 shares of the stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $23.25, for a total value of $3,488,476.50. Following the completion of the transaction, the director now directly owns 36,972 shares in the company, valued at approximately $859,599. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James Grant Conroy sold 271,406 shares of the stock in a transaction on Thursday, May 31st. The shares were sold at an average price of $23.87, for a total value of $6,478,461.22. Following the completion of the transaction, the chief executive officer now owns 41,892 shares of the company’s stock, valued at $999,962.04. The disclosure for this sale can be found here. Insiders have sold 7,490,780 shares of company stock valued at $174,174,333 over the last 90 days. Corporate insiders own 4.60% of the company’s stock.

BOOT has been the subject of several recent research reports. Zacks Investment Research upgraded Boot Barn from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Monday, March 12th. Jefferies Financial Group boosted their price target on Boot Barn to $30.00 and gave the company a “buy” rating in a research note on Wednesday, May 16th. Pivotal Research set a $20.00 price target on Boot Barn and gave the company a “hold” rating in a research note on Monday, May 14th. Wells Fargo & Co set a $25.00 price target on Boot Barn and gave the company a “hold” rating in a research note on Wednesday, May 16th. Finally, Cowen initiated coverage on Boot Barn in a research note on Monday, April 23rd. They issued an “outperform” rating and a $22.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $23.44.

Boot Barn opened at $23.00 on Wednesday, according to Marketbeat. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.60 and a quick ratio of 0.20. Boot Barn Holdings Inc has a fifty-two week low of $6.10 and a fifty-two week high of $26.25. The firm has a market cap of $639.10 million, a price-to-earnings ratio of 32.86, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65.

Boot Barn (NYSE:BOOT) last released its earnings results on Tuesday, May 15th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.08. Boot Barn had a return on equity of 9.93% and a net margin of 4.26%. The firm had revenue of $170.77 million during the quarter, compared to analysts’ expectations of $164.19 million. During the same period in the prior year, the company earned $0.12 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. analysts predict that Boot Barn Holdings Inc will post 1.02 EPS for the current fiscal year.

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, ladies, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.

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

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