GSA Capital Partners LLP Buys Shares of 77,778 Boot Barn Holdings Inc (BOOT)
GSA Capital Partners LLP bought a new stake in Boot Barn Holdings Inc (NYSE:BOOT) during the second quarter, according to its most recent filing with the SEC. The firm bought 77,778 shares of the company’s stock, valued at approximately $1,614,000. GSA Capital Partners LLP owned about 0.28% of Boot Barn at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of BOOT. Swiss National Bank bought a new stake in shares of Boot Barn during the second quarter worth approximately $998,000. Spark Investment Management LLC acquired a new position in Boot Barn during the second quarter valued at approximately $657,000. American Century Companies Inc. acquired a new position in Boot Barn during the second quarter valued at approximately $8,417,000. Schwab Charles Investment Management Inc. grew its holdings in Boot Barn by 37.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 126,166 shares of the company’s stock valued at $2,618,000 after purchasing an additional 34,364 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Boot Barn by 283.8% during the second quarter. Russell Investments Group Ltd. now owns 243,242 shares of the company’s stock valued at $5,053,000 after purchasing an additional 179,860 shares during the period.
Boot Barn stock opened at $29.35 on Friday. The company has a market capitalization of $803.48 million, a PE ratio of 41.93, a P/E/G ratio of 1.16 and a beta of 1.70. Boot Barn Holdings Inc has a twelve month low of $7.37 and a twelve month high of $30.26. The company has a quick ratio of 0.20, a current ratio of 1.59 and a debt-to-equity ratio of 0.80.
In other news, CEO James Grant Conroy sold 98,870 shares of the stock in a transaction dated Tuesday, August 14th. The shares were 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 of the company’s stock, valued at $1,785,130.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Greg Bettinelli sold 4,726 shares of the company’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $26.18, for a total transaction of $123,726.68. Following the completion of the transaction, the director now owns 12,995 shares in the company, valued at $340,209.10. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.
A number of brokerages recently issued reports on BOOT. TheStreet upgraded shares of Boot Barn from a “c+” rating to a “b” rating in a report on Tuesday. Wells Fargo & Co set a $25.00 price objective on shares of Boot Barn and gave the company a “hold” rating in a report on Wednesday, May 16th. Piper Jaffray Companies boosted their price objective on shares of Boot Barn to $30.00 and gave the company an “overweight” rating in a report on Wednesday, May 16th. Zacks Investment Research upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Tuesday, July 17th. Finally, Pivotal Research set a $24.00 price objective on shares of Boot Barn and gave the company a “hold” rating in a report on Wednesday, August 8th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $24.00.
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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