Squarepoint Ops LLC Sells 121,755 Shares of Boot Barn Holdings, Inc. $BOOT

Squarepoint Ops LLC decreased its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 45.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 144,229 shares of the company’s stock after selling 121,755 shares during the quarter. Squarepoint Ops LLC’s holdings in Boot Barn were worth $23,692,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Los Angeles Capital Management LLC acquired a new stake in shares of Boot Barn during the 4th quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Boot Barn during the 2nd quarter worth about $33,000. Quantbot Technologies LP bought a new stake in Boot Barn during the second quarter worth about $46,000. Caitong International Asset Management Co. Ltd acquired a new stake in Boot Barn during the 3rd quarter valued at $49,000. Finally, Allworth Financial LP acquired a new stake in shares of Boot Barn in the second quarter valued at $57,000.

Analysts Set New Price Targets

BOOT has been the topic of several recent research reports. UBS Group set a $225.00 target price on shares of Boot Barn in a research note on Wednesday, June 17th. Robert W. Baird set a $212.00 target price on Boot Barn in a research note on Thursday, July 30th. BTIG Research reduced their price target on shares of Boot Barn from $235.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Weiss Ratings cut Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 18th. Finally, Zacks Research raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $219.55.

Boot Barn Stock Down 1.2%

Shares of Boot Barn stock opened at $152.48 on Wednesday. Boot Barn Holdings, Inc. has a twelve month low of $133.18 and a twelve month high of $210.25. The company has a 50-day simple moving average of $157.29 and a two-hundred day simple moving average of $162.24. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 0.99 and a beta of 1.70.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.60. The business had revenue of $593.51 million during the quarter, compared to analysts’ expectations of $583.15 million. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. Boot Barn’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.74 earnings per share. Boot Barn has set its FY 2027 guidance at 8.800-9.230 EPS and its Q2 2027 guidance at 1.550-1.650 EPS. On average, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 9.18 earnings per share for the current fiscal 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.