Vanguard Group Inc. cut its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT – Free Report) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,261,927 shares of the company’s stock after selling 31,884 shares during the quarter. Vanguard Group Inc. owned about 0.11% of Boot Barn worth $575,632,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of Boot Barn by 132.4% during the third quarter. Principal Financial Group Inc. now owns 352,816 shares of the company’s stock worth $58,469,000 after purchasing an additional 201,026 shares in the last quarter. Federated Hermes Inc. purchased a new stake in shares of Boot Barn during the third quarter worth about $13,407,000. Alliance Wealth Advisors LLC UT purchased a new stake in shares of Boot Barn during the third quarter worth about $607,000. GatePass Capital LLC purchased a new stake in shares of Boot Barn during the third quarter worth about $1,662,000. Finally, Fieldview Capital Management LLC increased its stake in shares of Boot Barn by 1,197.6% during the third quarter. Fieldview Capital Management LLC now owns 17,634 shares of the company’s stock worth $2,922,000 after purchasing an additional 16,275 shares in the last quarter.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the stock. Citigroup reissued a “buy” rating on shares of Boot Barn in a research note on Monday. Zacks Research cut shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. Jefferies Financial Group raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 target price for the company in a research note on Monday, April 6th. Weiss Ratings cut shares of Boot Barn from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 4th. Finally, Stephens raised shares of Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 target price for the company in a research note on Friday, February 6th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $224.25.
Boot Barn Trading Down 2.3%
BOOT opened at $167.52 on Tuesday. The firm has a market capitalization of $5.10 billion, a PE ratio of 23.53, a PEG ratio of 1.04 and a beta of 1.73. Boot Barn Holdings, Inc. has a twelve month low of $108.32 and a twelve month high of $210.25. The firm’s 50-day moving average price is $165.51 and its 200 day moving average price is $181.14.
Boot Barn (NYSE:BOOT – Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $2.79 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.79. The firm had revenue of $705.64 million for the quarter, compared to analyst estimates of $700.71 million. Boot Barn had a net margin of 10.10% and a return on equity of 18.28%. Boot Barn’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.43 earnings per share. Boot Barn has set its FY 2026 guidance at 7.250-7.350 EPS and its Q4 2026 guidance at 1.350-1.450 EPS. As a group, analysts predict that Boot Barn Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.
About Boot Barn
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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