Nuveen Asset Management LLC Has $24.92 Million Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Posted by Defense World Staff on Mar 2nd, 2023

Nuveen Asset Management LLC grew its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT – Get Rating) by 88.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 426,243 shares of the company’s stock after purchasing an additional 199,756 shares during the quarter. Nuveen Asset Management LLC owned approximately 1.43% of Boot Barn worth $24,919,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Lazard Asset Management LLC boosted its stake in shares of Boot Barn by 72.7% during the second quarter. Lazard Asset Management LLC now owns 962 shares of the company’s stock valued at $66,000 after purchasing an additional 405 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Boot Barn during the second quarter worth about $105,000. Captrust Financial Advisors raised its position in shares of Boot Barn by 14.7% during the second quarter. Captrust Financial Advisors now owns 1,767 shares of the company’s stock worth $122,000 after acquiring an additional 226 shares during the last quarter. Heritage Wealth Management LLC bought a new position in shares of Boot Barn during the second quarter worth about $176,000. Finally, Mackenzie Financial Corp raised its position in shares of Boot Barn by 14.3% during the second quarter. Mackenzie Financial Corp now owns 2,985 shares of the company’s stock worth $206,000 after acquiring an additional 374 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Bank of America assumed coverage on Boot Barn in a research report on Friday, January 6th. They set a “buy” rating and a $85.00 price objective for the company. UBS Group raised their price objective on Boot Barn from $69.00 to $75.00 in a research report on Thursday, January 19th. BTIG Research started coverage on Boot Barn in a research report on Monday, February 6th. They set a “buy” rating and a $110.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on Boot Barn from $94.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, January 26th. Finally, Robert W. Baird downgraded Boot Barn from an “outperform” rating to a “neutral” rating in a report on Monday, January 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Boot Barn currently has a consensus rating of “Moderate Buy” and an average price target of $92.70.

Boot Barn Stock Performance

Shares of Boot Barn stock opened at $76.62 on Thursday. Boot Barn Holdings, Inc. has a 52 week low of $50.20 and a 52 week high of $105.66. The stock has a 50 day moving average price of $74.85 and a two-hundred day moving average price of $66.81. The stock has a market capitalization of $2.28 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 1.29 and a beta of 2.33.

Boot Barn (NYSE:BOOT – Get Rating) last announced its quarterly earnings data on Wednesday, January 25th. The company reported $1.74 EPS for the quarter, meeting analysts’ consensus estimates of $1.74. Boot Barn had a return on equity of 25.42% and a net margin of 10.45%. The firm had revenue of $514.55 million during the quarter, compared to analysts’ expectations of $514.44 million. During the same quarter last year, the firm posted $2.23 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Research analysts forecast that Boot Barn Holdings, Inc. will post 5.54 EPS for the current year.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, CEO James Grant Conroy sold 56,880 shares of the firm’s stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $80.95, for a total value of $4,604,436.00. Following the completion of the sale, the chief executive officer now owns 35,701 shares of the company’s stock, valued at $2,889,995.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

About Boot Barn

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Boot Barn Holdings, Inc engages in the operation of retail stores of western and work-related footwear, apparel, and accessories. The firm’s products include boots, jeans, accessories, hats, gifts and home products, and work wear. Its brands include Ariat, Wrangler, Lucchese Boots, Idyllwind, and Cinch.