Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Acquired by Peregrine Capital Management LLC

Peregrine Capital Management LLC boosted its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,869 shares of the company’s stock after acquiring an additional 1,466 shares during the period. Peregrine Capital Management LLC owned 0.21% of Boot Barn worth $9,545,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BOOT. Crossmark Global Holdings Inc. increased its holdings in shares of Boot Barn by 3.7% in the third quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company’s stock valued at $382,000 after purchasing an additional 82 shares during the period. Fisher Asset Management LLC increased its stake in Boot Barn by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,192 shares of the company’s stock valued at $701,000 after buying an additional 83 shares during the period. Louisiana State Employees Retirement System raised its position in Boot Barn by 0.7% during the 4th quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the company’s stock worth $2,247,000 after buying an additional 100 shares during the last quarter. OLD National Bancorp IN lifted its stake in shares of Boot Barn by 6.2% in the 4th quarter. OLD National Bancorp IN now owns 2,230 shares of the company’s stock worth $339,000 after acquiring an additional 130 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock valued at $26,000 after acquiring an additional 143 shares in the last quarter.

Insider Transactions at Boot Barn

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 3,937 shares of the company’s stock, valued at $602,282.26. This represents a 61.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Benchmark restated a “buy” rating and issued a $192.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. Craig Hallum lowered Boot Barn from a “buy” rating to a “hold” rating and upped their price objective for the stock from $154.00 to $162.00 in a report on Friday, October 25th. Bank of America raised their target price on Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Williams Trading reaffirmed a “buy” rating and set a $173.00 price target on shares of Boot Barn in a research note on Tuesday, October 29th. Finally, UBS Group reduced their price objective on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $181.58.

Boot Barn Price Performance

Shares of Boot Barn stock opened at $137.11 on Tuesday. The business has a 50 day moving average price of $152.18 and a 200 day moving average price of $147.82. The company has a market capitalization of $4.19 billion, a P/E ratio of 24.48, a P/E/G ratio of 1.25 and a beta of 2.10. Boot Barn Holdings, Inc. has a 1 year low of $82.67 and a 1 year high of $176.64.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) 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%. As a group, research analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

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.