Hsbc Holdings PLC Acquires 11,191 Shares of Boot Barn Holdings, Inc. $BOOT

Hsbc Holdings PLC lifted its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 335.5% in the 1st quarter, Holdings Channel reports. The firm owned 14,527 shares of the company’s stock after buying an additional 11,191 shares during the quarter. Hsbc Holdings PLC’s holdings in Boot Barn were worth $2,132,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of 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 acquiring an additional 24,229 shares in the last quarter. Asset Management One Co. Ltd. acquired a new stake in Boot Barn in the 4th quarter worth approximately $2,644,000. Comerica Bank lifted its holdings in Boot Barn by 71.5% in the 4th quarter. Comerica Bank now owns 34,439 shares of the company’s stock worth $6,077,000 after purchasing an additional 14,354 shares during the last quarter. Finally, Burney Co. bought a new stake in Boot Barn during the fourth quarter worth approximately $3,782,000.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BOOT. UBS Group set a $225.00 price target on Boot Barn in a report on Wednesday, June 17th. BTIG Research reiterated a “buy” rating and issued a $235.00 target price on shares of Boot Barn in a research note on Friday, May 15th. TD Cowen reissued a “buy” rating on shares of Boot Barn in a research report on Wednesday, June 17th. Citigroup restated a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. Finally, Weiss Ratings downgraded Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $226.92.

Boot Barn Trading Up 0.0%

Shares of BOOT stock opened at $150.04 on Monday. The firm has a market capitalization of $4.55 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 1.05 and a beta of 1.69. Boot Barn Holdings, Inc. has a 1 year low of $133.18 and a 1 year high of $210.25. The firm’s fifty day simple moving average is $162.04 and its 200 day simple moving average is $169.27.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Thursday, May 14th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02. The firm had revenue of $538.75 million during the quarter, compared to the consensus estimate of $531.43 million. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The business’s revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.22 EPS. 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. Equities research analysts anticipate that Boot Barn Holdings, Inc. will post 8.56 EPS 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.