GSA Capital Partners LLP Purchases New Shares in Boot Barn Holdings, Inc. $BOOT

GSA Capital Partners LLP purchased a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,746 shares of the company’s stock, valued at approximately $615,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BOOT. Arrowstreet Capital Limited Partnership increased its holdings in shares of Boot Barn by 361.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 48,448 shares of the company’s stock worth $7,091,000 after purchasing an additional 37,951 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Boot Barn by 11.4% in the fourth quarter. Principal Financial Group Inc. now owns 393,098 shares of the company’s stock valued at $69,370,000 after buying an additional 40,282 shares during the period. UBS Group AG boosted its stake in shares of Boot Barn by 16.4% in the fourth quarter. UBS Group AG now owns 172,380 shares of the company’s stock valued at $30,420,000 after buying an additional 24,229 shares during the period. Asset Management One Co. Ltd. bought a new position in Boot Barn during the 4th quarter worth $2,644,000. Finally, Fifth Third Bancorp raised its holdings in Boot Barn by 15,768.5% in the 1st quarter. Fifth Third Bancorp now owns 34,276 shares of the company’s stock valued at $5,017,000 after acquiring an additional 34,060 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. UBS Group set a $225.00 target price on Boot Barn in a research report on Wednesday, June 17th. Piper Sandler decreased their price target on Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Weiss Ratings downgraded Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a research report on Monday, May 4th. Finally, TD Cowen reduced their price objective on shares of Boot Barn from $225.00 to $190.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $219.55.

Boot Barn Price Performance

Shares of BOOT opened at $160.56 on Friday. Boot Barn Holdings, Inc. has a one year low of $133.18 and a one year high of $210.25. The company has a market cap of $4.86 billion, a P/E ratio of 20.32, a P/E/G ratio of 1.09 and a beta of 1.71. The firm has a 50 day simple moving average of $161.45 and a two-hundred day simple moving average of $165.55.

Boot Barn (NYSE:BOOT) last issued its earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.60. The firm had revenue of $593.51 million for the quarter, compared to the consensus estimate of $583.15 million. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.The company’s revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.74 EPS. 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, analysts expect that Boot Barn Holdings, Inc. will post 9.18 earnings per share for the current fiscal year.

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.