Capital Research Global Investors Trims Position in Boot Barn Holdings, Inc. $BOOT

Capital Research Global Investors cut its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 68.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 158,150 shares of the company’s stock after selling 341,962 shares during the period. Capital Research Global Investors’ holdings in Boot Barn were worth $27,909,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new position in shares of Boot Barn during the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Boot Barn during the third quarter valued at approximately $49,000. Danske Bank A S increased its stake in shares of Boot Barn by 200.0% during the fourth quarter. Danske Bank A S now owns 300 shares of the company’s stock valued at $53,000 after buying an additional 200 shares during the period. Hantz Financial Services Inc. increased its stake in shares of Boot Barn by 284.1% during the fourth quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock valued at $60,000 after buying an additional 250 shares during the period. Finally, Global Retirement Partners LLC increased its stake in shares of Boot Barn by 702.3% during the fourth quarter. Global Retirement Partners LLC now owns 353 shares of the company’s stock valued at $62,000 after buying an additional 309 shares during the period.

Boot Barn Trading Up 5.2%

BOOT opened at $170.58 on Wednesday. The stock has a fifty day simple moving average of $158.02 and a two-hundred day simple moving average of $176.15. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 1.14 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.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Thursday, May 14th. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.02. The business had revenue of $538.75 million during the quarter, compared to the consensus estimate of $531.44 million. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the company 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, analysts predict that Boot Barn Holdings, Inc. will post 8.54 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BOOT shares. TD Cowen reissued a “buy” rating and set a $225.00 target price on shares of Boot Barn in a research note on Thursday, June 4th. Robert W. Baird reduced their target price on Boot Barn from $244.00 to $225.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Bank of America reduced their price target on Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Jefferies Financial Group upgraded Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price objective for the company in a report on Monday, April 6th. Finally, UBS Group increased their price objective on Boot Barn from $270.00 to $272.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $230.83.

About Boot Barn

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.