Boot Barn Holdings, Inc. $BOOT Shares Bought by Verition Fund Management LLC

Verition Fund Management LLC raised its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 19.2% in the fourth quarter, Holdings Channel reports. The fund owned 78,416 shares of the company’s stock after buying an additional 12,607 shares during the period. Verition Fund Management LLC’s holdings in Boot Barn were worth $13,838,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in shares of Boot Barn in the 4th quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Boot Barn in the 3rd quarter valued at approximately $49,000. Danske Bank A S grew its stake in shares of Boot Barn by 200.0% in the 4th quarter. Danske Bank A S now owns 300 shares of the company’s stock valued at $53,000 after buying an additional 200 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Boot Barn by 284.1% in the 4th quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock valued at $60,000 after buying an additional 250 shares during the period. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Boot Barn in the 3rd quarter valued at approximately $60,000.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Bank of America dropped their price target on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Robert W. Baird dropped their price target on shares of Boot Barn from $244.00 to $225.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Zacks Research cut shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. TD Cowen reissued a “buy” rating and issued a $225.00 price target on shares of Boot Barn in a research note on Thursday, June 4th. Finally, Piper Sandler dropped their price target on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and an average target price of $230.83.

Boot Barn Stock Performance

NYSE:BOOT opened at $165.57 on Tuesday. The stock has a market capitalization of $5.03 billion, a P/E ratio of 22.53, a PEG ratio of 1.20 and a beta of 1.70. The company has a 50 day moving average price of $160.24 and a 200 day moving average price of $175.71. Boot Barn Holdings, Inc. has a fifty-two week low of $133.18 and a fifty-two week high of $210.25.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Thursday, May 14th. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.02. The firm had revenue of $538.75 million during 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 18.15%. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter last 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. Research analysts forecast that Boot Barn Holdings, Inc. will post 8.54 earnings per share for the current fiscal 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.