Goldman Sachs Group Inc. Acquires 200,971 Shares of Boot Barn Holdings, Inc. $BOOT

Goldman Sachs Group Inc. grew its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 38.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 723,309 shares of the company’s stock after purchasing an additional 200,971 shares during the quarter. Goldman Sachs Group Inc. owned about 2.38% of Boot Barn worth $127,642,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. IFP Advisors Inc boosted its position in 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 purchasing an additional 63 shares during the period. Koshinski Asset Management Inc. boosted its position in Boot Barn by 5.3% during the third quarter. Koshinski Asset Management Inc. now owns 1,538 shares of the company’s stock worth $255,000 after purchasing an additional 78 shares during the period. Smartleaf Asset Management LLC boosted its position in Boot Barn by 9.4% during the third quarter. Smartleaf Asset Management LLC now owns 928 shares of the company’s stock worth $154,000 after purchasing an additional 80 shares during the period. GAMMA Investing LLC boosted its position in Boot Barn by 5.6% during the fourth quarter. GAMMA Investing LLC now owns 1,505 shares of the company’s stock worth $266,000 after purchasing an additional 80 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in Boot Barn by 20.7% during the fourth quarter. Farther Finance Advisors LLC now owns 496 shares of the company’s stock worth $88,000 after purchasing an additional 85 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Piper Sandler lowered their price target on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a report on Friday, May 15th. UBS Group increased their price target on shares of Boot Barn from $270.00 to $272.00 and gave the stock a “buy” rating in a report on Friday, May 15th. TD Cowen reissued a “buy” rating and issued a $225.00 price target on shares of Boot Barn in a report on Thursday, June 4th. Weiss Ratings downgraded shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Finally, Jefferies Financial Group raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price target on the stock in a report on Monday, April 6th. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Boot Barn has a consensus rating of “Moderate Buy” and an average target price of $230.83.

Boot Barn Trading Down 3.0%

Shares of Boot Barn stock opened at $162.63 on Tuesday. The company’s 50-day moving average price is $157.59 and its 200-day moving average price is $176.19. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 1.18 and a beta of 1.70. Boot Barn Holdings, Inc. has a 12-month low of $133.18 and a 12-month high of $210.25.

Boot Barn (NYSE:BOOT) last announced its earnings results on Thursday, May 14th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02. The business had revenue of $538.75 million for the quarter, compared to the consensus estimate of $531.44 million. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. Boot Barn’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the firm posted $1.22 earnings per share. 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, sell-side analysts predict that Boot Barn Holdings, Inc. will post 8.54 earnings per share for the current year.

Boot Barn Company 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.