Whittier Trust Co. of Nevada Inc. Reduces Holdings in Boot Barn Holdings, Inc. $BOOT

Whittier Trust Co. of Nevada Inc. lowered its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 14.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,639 shares of the company’s stock after selling 7,571 shares during the quarter. Whittier Trust Co. of Nevada Inc. owned 0.15% of Boot Barn worth $6,802,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in Boot Barn by 11.4% during the 4th quarter. Principal Financial Group Inc. now owns 393,098 shares of the company’s stock worth $69,370,000 after acquiring an additional 40,282 shares in the last quarter. UBS Group AG raised its stake in shares of Boot Barn by 16.4% in the 4th quarter. UBS Group AG now owns 172,380 shares of the company’s stock valued at $30,420,000 after purchasing an additional 24,229 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in shares of Boot Barn during the fourth quarter worth about $2,644,000. Fieldview Capital Management LLC grew its stake in Boot Barn by 1,197.6% in the third quarter. Fieldview Capital Management LLC now owns 17,634 shares of the company’s stock worth $2,922,000 after purchasing an additional 16,275 shares in the last quarter. Finally, Comerica Bank grew its stake in Boot Barn by 71.5% in the fourth quarter. Comerica Bank now owns 34,439 shares of the company’s stock worth $6,077,000 after purchasing an additional 14,354 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on BOOT shares. Zacks Research cut Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. Piper Sandler decreased their target price on Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. TD Cowen reiterated a “buy” rating on shares of Boot Barn in a report on Wednesday, June 17th. UBS Group set a $225.00 price objective on Boot Barn in a research note on Wednesday, June 17th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $235.00 price objective on shares of Boot Barn in a report on Friday, May 15th. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Boot Barn presently has a consensus rating of “Moderate Buy” and a consensus price target of $226.92.

Boot Barn Trading Up 0.2%

Shares of Boot Barn stock opened at $158.03 on Monday. The business’s 50 day simple moving average is $163.78 and its 200-day simple moving average is $172.72. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 1.10 and a beta of 1.69. Boot Barn Holdings, Inc. has a twelve month low of $133.18 and a twelve month high of $210.25.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Thursday, May 14th. The company reported $1.45 earnings per share (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 during the quarter, compared to analyst estimates of $531.43 million. During the same quarter in the previous year, the firm posted $1.22 EPS. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. 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. Sell-side analysts predict that Boot Barn Holdings, Inc. will post 8.55 earnings per share for the current year.

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.