Hsbc Holdings PLC purchased a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 23,534 shares of the company’s stock, valued at approximately $3,855,000. Hsbc Holdings PLC owned approximately 0.08% of Boot Barn as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its holdings in shares of Boot Barn by 7.2% during the fourth quarter. IFP Advisors Inc now owns 942 shares of the company’s stock worth $166,000 after buying an additional 63 shares in the last quarter. Cynosure Group LLC increased its holdings in shares of Boot Barn by 3.3% in the fourth quarter. Cynosure Group LLC now owns 2,435 shares of the company’s stock valued at $430,000 after purchasing an additional 78 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Boot Barn by 20.7% in the 4th quarter. Farther Finance Advisors LLC now owns 496 shares of the company’s stock valued at $88,000 after purchasing an additional 85 shares during the last quarter. State of Wisconsin Investment Board boosted its position in shares of Boot Barn by 0.3% in the 4th quarter. State of Wisconsin Investment Board now owns 33,374 shares of the company’s stock worth $5,890,000 after purchasing an additional 89 shares during the last quarter. Finally, MML Investors Services LLC lifted its stake in Boot Barn by 2.2% in the second quarter. MML Investors Services LLC now owns 4,262 shares of the company’s stock valued at $648,000 after buying an additional 93 shares during the period.
Analysts Set New Price Targets
Several equities research analysts have commented on BOOT shares. Robert W. Baird set a $212.00 target price on shares of Boot Barn in a research note on Thursday, July 30th. Zacks Research raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Piper Sandler lowered their price objective on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Bank of America dropped their price objective on Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Finally, UBS Group set a $225.00 target price on Boot Barn in a research note on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $219.55.
Boot Barn Stock Performance
Shares of Boot Barn stock opened at $155.41 on Friday. The firm has a market cap of $4.71 billion, a PE ratio of 19.67, a P/E/G ratio of 1.00 and a beta of 1.71. The business’s 50 day simple moving average is $160.34 and its 200 day simple moving average is $164.51. Boot Barn Holdings, Inc. has a 52-week low of $133.18 and a 52-week high of $210.25.
Boot Barn (NYSE:BOOT – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $1.69 by $0.60. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. The firm had revenue of $593.51 million for the quarter, compared to analysts’ expectations of $583.15 million. During the same period in the previous year, the firm posted $1.74 EPS. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. 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. As a group, equities research analysts predict that Boot Barn Holdings, Inc. will post 9.18 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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