Summit Creek Advisors LLC cut its stake in Boot Barn Holdings, Inc. (NYSE:BOOT – Free Report) by 16.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,534 shares of the company’s stock after selling 16,836 shares during the period. Boot Barn accounts for about 2.3% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 16th biggest position. Summit Creek Advisors LLC owned approximately 0.27% of Boot Barn worth $14,741,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of BOOT. Royal Bank of Canada raised its position in shares of Boot Barn by 50.3% during the 1st quarter. Royal Bank of Canada now owns 34,676 shares of the company’s stock valued at $3,725,000 after acquiring an additional 11,598 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Boot Barn by 198.0% during the 1st quarter. AQR Capital Management LLC now owns 8,906 shares of the company’s stock valued at $957,000 after acquiring an additional 5,917 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Boot Barn by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company’s stock valued at $1,894,000 after acquiring an additional 779 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Boot Barn by 23.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company’s stock valued at $34,771,000 after acquiring an additional 61,719 shares during the last quarter. Finally, United Services Automobile Association bought a new stake in shares of Boot Barn during the 1st quarter valued at $209,000.
Wall Street Analysts Forecast Growth
Several analysts have commented on BOOT shares. Weiss Ratings cut shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Citigroup reiterated a “buy” rating on shares of Boot Barn in a research report on Monday, May 4th. Zacks Research downgraded shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. Robert W. Baird cut their target price on shares of Boot Barn from $244.00 to $225.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Finally, Stephens upgraded shares of Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 target price on the stock in a report on Friday, February 6th. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Boot Barn currently has an average rating of “Moderate Buy” and a consensus target price of $230.83.
Boot Barn Stock Up 0.2%
Shares of BOOT stock opened at $141.85 on Thursday. The firm has a fifty day moving average of $156.59 and a 200-day moving average of $177.74. Boot Barn Holdings, Inc. has a 12-month low of $133.18 and a 12-month high of $210.25. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 19.30, a P/E/G ratio of 0.99 and a beta of 1.73.
Boot Barn (NYSE:BOOT – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported $1.45 earnings per share (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 company had revenue of $538.75 million during the quarter, compared to the consensus estimate of $531.44 million. During the same quarter in the prior year, the firm earned $1.22 earnings per share. The firm’s revenue was up 18.7% compared to the same quarter last year. 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. On average, equities analysts expect that Boot Barn Holdings, Inc. will post 8.54 EPS for the current 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.
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