Intrinsic Edge Capital Management LLC lowered its stake in Boot Barn Holdings Inc (NYSE:BOOT) by 47.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 145,938 shares of the company’s stock after selling 133,448 shares during the quarter. Intrinsic Edge Capital Management LLC’s holdings in Boot Barn were worth $2,485,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Great West Life Assurance Co. Can bought a new stake in shares of Boot Barn in the 4th quarter worth about $41,000. NumerixS Investment Technologies Inc bought a new stake in shares of Boot Barn in the 4th quarter worth about $46,000. PNC Financial Services Group Inc. increased its holdings in shares of Boot Barn by 106.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,541 shares of the company’s stock worth $60,000 after buying an additional 1,827 shares during the last quarter. Sterling Investment Advisors Ltd. increased its holdings in shares of Boot Barn by 33.3% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 4,000 shares of the company’s stock worth $68,000 after buying an additional 1,000 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Boot Barn by 38.5% during the 3rd quarter. Legal & General Group Plc now owns 4,690 shares of the company’s stock valued at $134,000 after purchasing an additional 1,303 shares during the last quarter.
Shares of NYSE:BOOT opened at $27.27 on Friday. The stock has a market cap of $796.36 million, a P/E ratio of 38.96, a PEG ratio of 1.14 and a beta of 2.32. Boot Barn Holdings Inc has a 12 month low of $15.01 and a 12 month high of $31.61. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.40 and a current ratio of 1.62.
BOOT has been the topic of several analyst reports. Pivotal Research upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and cut their price target for the company from $27.00 to $24.00 in a report on Monday, January 7th. JPMorgan Chase & Co. cut their price target on shares of Boot Barn from $34.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, January 7th. ValuEngine upgraded shares of Boot Barn from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Wells Fargo & Co cut their price target on shares of Boot Barn from $29.00 to $19.00 and set a “market perform” rating on the stock in a report on Wednesday, January 2nd. Finally, Zacks Investment Research upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Wednesday, January 16th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $27.00.
In other Boot Barn news, Director Brenda I. Morris sold 7,000 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $28.04, for a total value of $196,280.00. Following the transaction, the director now directly owns 17,724 shares in the company, valued at approximately $496,980.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by corporate insiders.
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Boot Barn 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.
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