Boot Barn Holdings, Inc. $BOOT Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 5.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 369,368 shares of the company’s stock after selling 21,589 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Boot Barn were worth $65,183,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BOOT. Royal Bank of Canada grew its stake in Boot Barn by 50.3% in 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 period. AQR Capital Management LLC boosted its stake in Boot Barn by 198.0% during the 1st quarter. AQR Capital Management LLC now owns 8,906 shares of the company’s stock worth $957,000 after purchasing an additional 5,917 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 worth $1,894,000 after purchasing an additional 779 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Boot Barn by 23.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company’s stock worth $34,771,000 after purchasing an additional 61,719 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in Boot Barn during the 1st quarter worth $209,000.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. 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. BTIG Research reaffirmed a “buy” rating and set a $235.00 target price on shares of Boot Barn in a research note on Friday. Bank of America lowered their target price on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a research note on Friday. UBS Group lifted their target price on shares of Boot Barn from $270.00 to $272.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a research note on Monday, May 4th. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Boot Barn has an average rating of “Moderate Buy” and a consensus target price of $230.83.

Boot Barn News Summary

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

• Positive Sentiment: Boot Barn reported fiscal Q4 earnings and revenue that both topped Wall Street estimates, with EPS of $1.45 versus $1.43 expected and revenue of $538.75 million versus $531.23 million expected. Revenue rose 18.7% year over year, suggesting demand remains solid. Article source
• Positive Sentiment: The company described the period as a “record year” and continued to highlight store expansion, including an 80-store increase, which supports a longer-term growth story. Article source
• Positive Sentiment: Boot Barn’s fiscal 2027 outlook calls for $2.6 billion in revenue and EPS of $8.21 to $8.64, reinforcing management’s confidence in continued growth. Article source
• Neutral Sentiment: Several brokerages reiterated bullish ratings, but some lowered their price targets after the earnings update, including Bank of America and Robert W. Baird, indicating expectations remain constructive but have been adjusted downward. Article source
• Negative Sentiment: Boot Barn’s first-quarter fiscal 2027 EPS guidance of $1.62 to $1.71 came in below the consensus estimate of $1.94, which may be pressuring the stock despite the strong Q4 beat. Article source

Boot Barn Trading Down 1.7%

Shares of BOOT stock opened at $143.92 on Friday. The company’s 50-day moving average price is $158.86 and its 200-day moving average price is $178.99. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 0.89 and a beta of 1.73. Boot Barn Holdings, Inc. has a twelve month low of $133.18 and a twelve month high of $210.25.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Thursday, May 14th. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.02. The firm had revenue of $538.75 million for the quarter, compared to analysts’ expectations of $531.44 million. Boot Barn had a net margin of 10.02% and a return on equity of 18.52%. The company’s revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS. 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. As a group, equities research analysts predict 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.