Boot Barn Holdings, Inc. $BOOT Stake Boosted by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 50.2% in the first quarter, HoldingsChannel.com reports. The firm owned 41,777 shares of the company’s stock after acquiring an additional 13,955 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Boot Barn were worth $6,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC acquired a new position in shares of Boot Barn in the 1st quarter valued at about $375,000. Janney Montgomery Scott LLC raised its stake in Boot Barn by 78.2% during the first quarter. Janney Montgomery Scott LLC now owns 3,349 shares of the company’s stock worth $490,000 after acquiring an additional 1,470 shares during the period. 1492 Capital Management LLC acquired a new stake in Boot Barn during the first quarter worth about $1,004,000. Pictet Asset Management Holding SA raised its stake in Boot Barn by 11.8% during the first quarter. Pictet Asset Management Holding SA now owns 5,073 shares of the company’s stock worth $742,000 after acquiring an additional 536 shares during the period. Finally, Union Bancaire Privee UBP SA lifted its holdings in Boot Barn by 32.6% in the first quarter. Union Bancaire Privee UBP SA now owns 4,408 shares of the company’s stock worth $658,000 after acquiring an additional 1,083 shares during the last quarter.

Boot Barn Stock Up 0.2%

Boot Barn stock opened at $158.03 on Friday. The firm has a 50-day moving average price of $163.78 and a two-hundred day moving average price of $172.94. The firm 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 52-week low of $133.18 and a 52-week high of $210.25.

Boot Barn (NYSE:BOOT) last posted its earnings results on Thursday, May 14th. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.43 by $0.02. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The firm had revenue of $538.75 million during the quarter, compared to analysts’ expectations of $531.43 million. During the same quarter in the prior year, the firm earned $1.22 EPS. Boot Barn’s quarterly 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. Research analysts expect that Boot Barn Holdings, Inc. will post 8.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

BOOT has been the subject of a number of research reports. UBS Group set a $225.00 target price on Boot Barn in a research note on Wednesday, June 17th. TD Cowen reiterated a “buy” rating on shares of Boot Barn in a research report on Wednesday, June 17th. Robert W. Baird cut their price target on Boot Barn from $244.00 to $225.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. BTIG Research restated a “buy” rating and set a $235.00 price objective on shares of Boot Barn in a research report on Friday, May 15th. Finally, 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 research note on Monday, April 6th. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $226.92.

Boot Barn 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.