Boot Barn Holdings Inc (BOOT) Shares Sold by Intrinsic Edge Capital Management LLC

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 Barn (NYSE:BOOT) last issued its earnings results on Tuesday, February 5th. The company reported $0.66 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.66. The business had revenue of $254.00 million for the quarter, compared to the consensus estimate of $254.55 million. Boot Barn had a net margin of 4.93% and a return on equity of 13.54%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 EPS. On average, equities analysts forecast that Boot Barn Holdings Inc will post 1.2 EPS for the current year.

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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Institutional Ownership by Quarter for Boot Barn (NYSE:BOOT)

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