Boot Barn Holdings, Inc. $BOOT Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 81.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 17,212 shares of the company’s stock after acquiring an additional 7,726 shares during the quarter. SG Americas Securities LLC’s holdings in Boot Barn were worth $2,519,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BOOT. Royal Bank of Canada boosted its stake in Boot Barn by 50.3% during the 1st quarter. Royal Bank of Canada now owns 34,676 shares of the company’s stock valued at $3,725,000 after purchasing an additional 11,598 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Boot Barn by 198.0% in the first quarter. AQR Capital Management LLC now owns 8,906 shares of the company’s stock valued at $957,000 after buying an additional 5,917 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Boot Barn by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company’s stock valued at $1,894,000 after buying an additional 779 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Boot Barn by 23.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company’s stock valued at $34,771,000 after purchasing an additional 61,719 shares in the last quarter. Finally, United Services Automobile Association bought a new position in shares of Boot Barn in the first quarter valued at $209,000.

Boot Barn Stock Performance

NYSE:BOOT opened at $162.49 on Thursday. The company has a market capitalization of $4.93 billion, a P/E ratio of 22.11, a P/E/G ratio of 1.15 and a beta of 1.69. The stock’s 50 day moving average price is $164.06 and its 200 day moving average price is $173.37. Boot Barn Holdings, Inc. has a 52 week low of $133.18 and a 52 week high of $210.25.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Thursday, May 14th. The company reported $1.45 EPS for the quarter, beating 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 business had revenue of $538.75 million for the quarter, compared to analyst estimates of $531.43 million. During the same quarter in the prior year, the firm posted $1.22 EPS. The firm’s revenue for the quarter 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, sell-side analysts forecast that Boot Barn Holdings, Inc. will post 8.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. BTIG Research reiterated a “buy” rating and issued a $235.00 price target on shares of Boot Barn in a research report on Friday, May 15th. Zacks Research lowered shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. Robert W. Baird dropped their target price on shares of Boot Barn from $244.00 to $225.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. 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 report on Monday, April 6th. Finally, Bank of America reduced their price target 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. 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $226.92.

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.