Peregrine Capital Management LLC cut its position in Boot Barn Holdings, Inc. (NYSE:BOOT – Free Report) by 5.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,171 shares of the company’s stock after selling 4,109 shares during the quarter. Peregrine Capital Management LLC’s holdings in Boot Barn were worth $10,417,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Boot Barn by 83.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,103,441 shares of the company’s stock valued at $194,725,000 after buying an additional 502,275 shares during the period. Balyasny Asset Management L.P. boosted its position in Boot Barn by 2,547.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company’s stock worth $78,086,000 after buying an additional 453,396 shares during the period. Invesco Ltd. grew its holdings in Boot Barn by 46.3% during the 3rd quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock worth $152,033,000 after acquiring an additional 290,493 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Boot Barn by 38.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 723,309 shares of the company’s stock worth $127,642,000 after acquiring an additional 200,971 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in Boot Barn during the 4th quarter worth approximately $31,113,000.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. Zacks Research downgraded shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. Piper Sandler decreased their price objective on Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a report on Friday, May 15th. UBS Group set a $225.00 price objective on Boot Barn in a report on Wednesday, June 17th. Weiss Ratings downgraded Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Finally, Bank of America cut their target price on Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $226.92.
Boot Barn Stock Performance
Shares of BOOT stock opened at $164.11 on Wednesday. The company has a market cap of $4.98 billion, a P/E ratio of 22.33, a PEG ratio of 1.15 and a beta of 1.70. The stock has a 50 day simple moving average of $164.17 and a two-hundred day simple moving average of $173.69. Boot Barn Holdings, Inc. has a fifty-two week low of $133.18 and a fifty-two week high of $210.25.
Boot Barn (NYSE:BOOT – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.02. The firm had revenue of $538.75 million for the quarter, compared to analyst estimates of $531.43 million. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.The company’s revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.22 earnings per share. Boot Barn has set its Q1 2027 guidance at 1.620-1.710 EPS and its FY 2027 guidance at 8.210-8.640 EPS. On average, research analysts predict that Boot Barn Holdings, Inc. will post 8.55 earnings per share for the current year.
Boot Barn Profile
Boot Barn, Inc is a leading specialty retailer focused on western and work-related footwear, apparel and accessories. The company operates full-price and outlet retail stores under the Boot Barn and BootBarn.com brands, offering a wide assortment of cowboy boots, work boots, casual and fashion footwear, western and work apparel, hats, belts and related accessories. In addition to its brick-and-mortar network, Boot Barn maintains an e-commerce platform to serve customers seeking ranch-and-rodeo style clothing and rugged workwear from coast to coast.
Founded in 1978 in Southern California, Boot Barn began as a single store catering to ranchers, farmworkers and western enthusiasts.
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