Entropy Technologies LP Makes New $598,000 Investment in Boot Barn Holdings, Inc. $BOOT

Entropy Technologies LP acquired a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,088 shares of the company’s stock, valued at approximately $598,000.

Several other institutional investors have also recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new stake in Boot Barn in the 1st quarter worth about $7,596,000. Public Employees Retirement System of Ohio boosted its position in shares of Boot Barn by 7.0% during the first quarter. Public Employees Retirement System of Ohio now owns 8,081 shares of the company’s stock valued at $1,183,000 after buying an additional 532 shares during the period. Keebeck Wealth Management purchased a new position in shares of Boot Barn during the first quarter valued at approximately $251,000. Arrowstreet Capital Limited Partnership grew its stake 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 valued at $7,091,000 after buying an additional 37,951 shares during the last quarter. Finally, Caxton Associates LLP bought a new position in shares of Boot Barn during the first quarter valued at approximately $2,085,000.

Boot Barn Stock Down 4.8%

Shares of NYSE:BOOT opened at $151.03 on Thursday. The business’s 50 day moving average is $162.86 and its 200 day moving average is $168.46. The stock has a market cap of $4.58 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 1.11 and a beta of 1.69. Boot Barn Holdings, Inc. has a 52-week low of $133.18 and a 52-week high of $210.25.

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. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.The business had revenue of $593.51 million during the quarter, compared to analyst estimates of $583.15 million. During the same period in the previous year, the company posted $1.74 EPS. Boot Barn’s revenue 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. On average, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 8.56 EPS for the current fiscal year.

More Boot Barn News

Here are the key news stories impacting Boot Barn this week:

• Positive Sentiment: Boot Barn reported fiscal Q1 2027 adjusted earnings of $2.29 per share, well above the $1.69 analyst consensus and up from $1.74 a year earlier. Revenue increased 17.7% year over year to $593.5 million, topping the $583.15 million estimate. Boot Barn fiscal first-quarter results
• Positive Sentiment: Comparable-store sales rose 4.7%, including a 3.8% increase in retail-store same-store sales, indicating continued demand for Boot Barn’s Western and workwear products. The quarter also produced a 10.02% net margin and 18.15% return on equity. Boot Barn key first-quarter metrics
• Positive Sentiment: Full-year fiscal 2027 EPS guidance of $8.80 to $9.23 is above the $8.54 consensus estimate, supporting the longer-term earnings outlook. Full-year revenue guidance was broadly in line with expectations. Boot Barn earnings report
• Neutral Sentiment: The strong quarterly beat confirms positive operating momentum, but investors are focusing more heavily on forward guidance than on the recently completed quarter.
• Negative Sentiment: Second-quarter fiscal 2027 guidance is below consensus: EPS of $1.55 to $1.65 versus $1.69 expected, and revenue of $572 million to $582 million versus $593.9 million expected. This cautious near-term outlook is the primary reason the stock has moved lower despite the earnings beat. Boot Barn guidance announcement

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group raised Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a research note on Monday, April 6th. TD Cowen reiterated a “buy” rating on shares of Boot Barn in a research note on Wednesday, June 17th. Citigroup reiterated a “buy” rating on shares of Boot Barn in a research report on Monday, May 4th. Weiss Ratings cut shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Finally, Piper Sandler reduced their price target on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $226.92.

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.