Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Intrust Bank NA

Intrust Bank NA cut its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,773 shares of the company’s stock after selling 252 shares during the period. Intrust Bank NA’s holdings in Boot Barn were worth $366,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Headlands Technologies LLC grew its stake in Boot Barn by 1,037.7% in the fourth quarter. Headlands Technologies LLC now owns 785 shares of the company’s stock worth $60,000 after purchasing an additional 716 shares in the last quarter. Allworth Financial LP grew its stake in Boot Barn by 61,325.0% in the third quarter. Allworth Financial LP now owns 2,457 shares of the company’s stock worth $199,000 after purchasing an additional 2,453 shares in the last quarter. SG Americas Securities LLC acquired a new position in Boot Barn in the fourth quarter worth about $199,000. Pathstone Family Office LLC acquired a new position in Boot Barn in the third quarter worth about $204,000. Finally, Larson Financial Group LLC acquired a new position in Boot Barn in the third quarter worth about $220,000.

Boot Barn Stock Performance

Boot Barn stock opened at $102.05 on Thursday. The company has a 50-day simple moving average of $94.59 and a 200-day simple moving average of $82.42. The firm has a market capitalization of $3.09 billion, a P/E ratio of 19.00 and a beta of 2.19. Boot Barn Holdings, Inc. has a one year low of $64.33 and a one year high of $110.89.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Wednesday, January 31st. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.80 by $0.01. The business had revenue of $520.40 million during the quarter, compared to analyst estimates of $520.34 million. Boot Barn had a net margin of 9.62% and a return on equity of 19.52%. As a group, sell-side analysts forecast that Boot Barn Holdings, Inc. will post 4.73 earnings per share for the current year.

Insider Activity at Boot Barn

In related news, Director Gene Eddie Burt sold 1,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $85.03, for a total value of $85,030.00. Following the completion of the transaction, the director now owns 1,542 shares in the company, valued at approximately $131,116.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Gene Eddie Burt sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $85.03, for a total transaction of $85,030.00. Following the completion of the transaction, the director now owns 1,542 shares in the company, valued at approximately $131,116.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO James Grant Conroy sold 19,478 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $92.38, for a total transaction of $1,799,377.64. Following the sale, the chief executive officer now directly owns 46,273 shares of the company’s stock, valued at $4,274,699.74. The disclosure for this sale can be found here. Insiders sold 26,339 shares of company stock worth $2,413,715 in the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BOOT shares. Piper Sandler lifted their price target on Boot Barn from $94.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. B. Riley lowered their target price on Boot Barn from $92.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, February 1st. KeyCorp began coverage on Boot Barn in a report on Wednesday, February 7th. They issued a “sector weight” rating on the stock. Williams Trading restated a “hold” rating on shares of Boot Barn in a research note on Tuesday, January 16th. Finally, StockNews.com cut Boot Barn from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $109.11.

Boot Barn Company 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.