Capstone Investment Advisors LLC Takes Position in Boot Barn Holdings, Inc. $BOOT

Capstone Investment Advisors LLC bought a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,443 shares of the company’s stock, valued at approximately $894,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new position in Boot Barn during the 4th quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Boot Barn in the second quarter worth approximately $33,000. Quantbot Technologies LP purchased a new stake in shares of Boot Barn in the second quarter worth approximately $46,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Boot Barn in the third quarter valued at approximately $49,000. Finally, Danske Bank A S lifted its holdings in shares of Boot Barn by 200.0% in the fourth quarter. Danske Bank A S now owns 300 shares of the company’s stock valued at $53,000 after purchasing an additional 200 shares in the last quarter.

Analyst Ratings Changes

Several brokerages recently issued reports on BOOT. Bank of America cut their target price on Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. Zacks Research upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Weiss Ratings cut Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 18th. Stephens lifted their price objective on shares of Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Finally, TD Cowen reduced their target price on shares of Boot Barn from $225.00 to $190.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $219.55.

Boot Barn Stock Down 0.1%

Boot Barn stock opened at $155.41 on Friday. Boot Barn Holdings, Inc. has a 52 week low of $133.18 and a 52 week high of $210.25. The company’s 50 day moving average price is $160.34 and its two-hundred day moving average price is $164.51. The stock has a market cap of $4.71 billion, a P/E ratio of 19.67, a P/E/G ratio of 1.00 and a beta of 1.71.

Boot Barn (NYSE:BOOT) last released its earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.60. The company had revenue of $593.51 million during the quarter, compared to analyst estimates of $583.15 million. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.Boot Barn’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the company 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, equities analysts anticipate that Boot Barn Holdings, Inc. will post 9.18 EPS 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.