Nicholas Investment Partners LP Sells 15,768 Shares of Boot Barn Holdings, Inc. $BOOT

Nicholas Investment Partners LP lessened its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 26.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,788 shares of the company’s stock after selling 15,768 shares during the period. Nicholas Investment Partners LP owned about 0.14% of Boot Barn worth $7,727,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BOOT. Balyasny Asset Management L.P. increased its holdings 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 purchasing an additional 453,396 shares in the last quarter. Invesco Ltd. increased 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 purchasing an additional 290,493 shares in the last quarter. Goldman Sachs Group Inc. increased 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 purchasing an additional 200,971 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in Boot Barn during the 4th quarter worth about $31,113,000. Finally, Lord Abbett & CO. LLC bought a new position in Boot Barn during the 4th quarter worth about $26,471,000.

Analyst Ratings Changes

A number of research firms have issued reports on BOOT. TD Cowen reiterated a “buy” rating and set a $225.00 target price on shares of Boot Barn in a report on Thursday, June 4th. BTIG Research restated a “buy” rating and issued a $235.00 price objective on shares of Boot Barn in a report on Friday, May 15th. Citigroup restated a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. Zacks Research cut Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Finally, Robert W. Baird decreased their price objective on Boot Barn from $244.00 to $225.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Boot Barn currently has a consensus rating of “Moderate Buy” and a consensus target price of $230.83.

Boot Barn Stock Performance

Shares of NYSE:BOOT opened at $170.48 on Friday. Boot Barn Holdings, Inc. has a 52-week low of $133.18 and a 52-week high of $210.25. The company has a market capitalization of $5.17 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 1.20 and a beta of 1.70. The company has a 50-day simple moving average of $159.63 and a 200 day simple moving average of $175.99.

Boot Barn (NYSE:BOOT) last issued 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. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.The company had revenue of $538.75 million during the quarter, compared to analysts’ expectations of $531.44 million. During the same quarter in the previous year, the company posted $1.22 earnings per share. The business’s revenue was up 18.7% on a year-over-year basis. 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. As a group, equities analysts forecast that Boot Barn Holdings, Inc. will post 8.54 earnings per share for the current year.

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.