Peregrine Capital Management LLC Lowers Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Peregrine Capital Management LLC lessened its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 14.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 81,725 shares of the company's stock after selling 13,981 shares during the period. Peregrine Capital Management LLC owned approximately 0.27% of Boot Barn worth $6,273,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Boot Barn by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,708,545 shares of the company's stock valued at $158,342,000 after buying an additional 31,166 shares during the period. State Street Corp increased its stake in Boot Barn by 3.1% in the second quarter. State Street Corp now owns 1,128,031 shares of the company's stock worth $95,533,000 after purchasing an additional 33,688 shares during the period. Dimensional Fund Advisors LP increased its stake in Boot Barn by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,070,951 shares of the company's stock worth $82,075,000 after purchasing an additional 15,939 shares during the period. Wellington Management Group LLP increased its stake in Boot Barn by 150.4% in the third quarter. Wellington Management Group LLP now owns 897,896 shares of the company's stock worth $72,900,000 after purchasing an additional 539,296 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Boot Barn by 107.0% in the first quarter. Ameriprise Financial Inc. now owns 662,669 shares of the company's stock worth $50,787,000 after purchasing an additional 342,539 shares during the period.

Boot Barn Stock Performance

BOOT stock traded up $1.74 during trading on Thursday, reaching $100.50. 756,227 shares of the company traded hands, compared to its average volume of 835,922. Boot Barn Holdings, Inc. has a 12 month low of $64.33 and a 12 month high of $104.91. The business has a 50 day simple moving average of $90.26 and a 200 day simple moving average of $80.28. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 18.72 and a beta of 2.19.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The company reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.80 by $0.01. Boot Barn had a return on equity of 19.52% and a net margin of 9.62%. The company had revenue of $520.40 million for the quarter, compared to the consensus estimate of $520.34 million. As a group, research analysts forecast that Boot Barn Holdings, Inc. will post 4.72 EPS for the current year.

Insider Activity at Boot Barn

In other Boot Barn news, Director Gene Eddie Burt sold 1,000 shares of the firm's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $85.03, for a total value of $85,030.00. Following the completion of the sale, the director now owns 1,542 shares of the company's stock, valued at $131,116.26. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Boot Barn news, insider Laurie Marie Grijalva sold 5,861 shares of the firm's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $90.31, for a total value of $529,306.91. Following the completion of the sale, the insider now owns 5,861 shares of the company's stock, valued at $529,306.91. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gene Eddie Burt sold 1,000 shares of the firm's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $85.03, for a total value of $85,030.00. Following the completion of the sale, the director now directly owns 1,542 shares of the company's stock, valued at approximately $131,116.26. The disclosure for this sale can be found here. Insiders have sold a total of 26,339 shares of company stock valued at $2,413,715 over the last quarter. 2.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BOOT has been the topic of a number of recent analyst reports. StockNews.com lowered Boot Barn from a "hold" rating to a "sell" rating in a research note on Friday, January 19th. Piper Sandler reduced their target price on Boot Barn from $99.00 to $94.00 and set an "overweight" rating on the stock in a research note on Thursday, February 1st. Robert W. Baird increased their target price on Boot Barn from $70.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, March 21st. KeyCorp began coverage on Boot Barn in a research note on Wednesday, February 7th. They issued a "sector weight" rating on the stock. Finally, B. Riley cut their price target on Boot Barn from $92.00 to $83.00 and set a "buy" rating on the stock in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $103.78.

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.