Peregrine Capital Management LLC Has $10.42 Million Stake in Boot Barn Holdings, Inc. $BOOT

Peregrine Capital Management LLC reduced its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 5.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,171 shares of the company’s stock after selling 4,109 shares during the period. Peregrine Capital Management LLC owned approximately 0.23% of Boot Barn worth $10,417,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BOOT. Los Angeles Capital Management LLC bought a new stake in shares of Boot Barn during the 4th quarter valued at $29,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Boot Barn in the third quarter worth $49,000. Danske Bank A S raised its stake in Boot Barn by 200.0% in the fourth quarter. Danske Bank A S now owns 300 shares of the company’s stock valued at $53,000 after purchasing an additional 200 shares in the last quarter. Hantz Financial Services Inc. lifted its position in Boot Barn by 284.1% during the fourth quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock worth $60,000 after purchasing an additional 250 shares during the period. Finally, Global Retirement Partners LLC lifted its position in Boot Barn by 702.3% during the fourth quarter. Global Retirement Partners LLC now owns 353 shares of the company’s stock worth $62,000 after purchasing an additional 309 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BOOT shares. Citigroup reissued a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. UBS Group set a $225.00 price target on shares of Boot Barn in a report on Wednesday, June 17th. Jefferies Financial Group upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price target on the stock in a research report on Monday, April 6th. Bank of America lowered their price objective on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Finally, Robert W. Baird cut their target price on Boot Barn from $244.00 to $225.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $226.92.

Boot Barn Trading Down 0.3%

Shares of NYSE BOOT opened at $164.11 on Wednesday. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 1.15 and a beta of 1.70. Boot Barn Holdings, Inc. has a 12 month low of $133.18 and a 12 month high of $210.25. The stock has a 50-day moving average price of $164.17 and a two-hundred day moving average price of $173.69.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Thursday, May 14th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02. The company had revenue of $538.75 million for the quarter, compared to the consensus estimate of $531.43 million. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period last year, the company posted $1.22 EPS. 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, sell-side analysts predict that Boot Barn Holdings, Inc. will post 8.55 earnings per share for the current year.

Boot Barn Company 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.