Broad Peak Investment Advisers Pte Ltd Reduces Stake in Boot Barn Holdings, Inc. $BOOT

Broad Peak Investment Advisers Pte Ltd decreased its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 54.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 15,900 shares of the company’s stock after selling 19,198 shares during the quarter. Boot Barn comprises approximately 0.5% of Broad Peak Investment Advisers Pte Ltd’s investment portfolio, making the stock its 23rd largest holding. Broad Peak Investment Advisers Pte Ltd’s holdings in Boot Barn were worth $2,327,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new position in Boot Barn in the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Boot Barn during the 3rd quarter worth approximately $49,000. Danske Bank A S lifted its position in shares of Boot Barn by 200.0% during the 4th quarter. Danske Bank A S now owns 300 shares of the company’s stock worth $53,000 after buying an additional 200 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Boot Barn by 284.1% during the 4th quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock worth $60,000 after buying an additional 250 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in shares of Boot Barn in the 3rd quarter valued at $60,000.

Boot Barn Trading Down 7.8%

BOOT stock opened at $163.81 on Tuesday. The company has a market capitalization of $4.97 billion, a P/E ratio of 22.29, a PEG ratio of 1.25 and a beta of 1.70. The business has a 50 day simple moving average of $164.15 and a 200-day simple moving average of $173.94. 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 earnings results on Thursday, May 14th. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The business had revenue of $538.75 million for the quarter, compared to analysts’ expectations of $531.43 million. During the same period in the previous year, the company posted $1.22 EPS. The company’s quarterly revenue was up 18.7% on a year-over-year basis. 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 predict that Boot Barn Holdings, Inc. will post 8.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on BOOT. TD Cowen reaffirmed a “buy” rating on shares of Boot Barn in a research report on Wednesday, June 17th. Robert W. Baird reduced 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 report on Friday, May 15th. UBS Group set a $225.00 price objective on shares of Boot Barn in a research note on Wednesday, June 17th. BTIG Research reaffirmed a “buy” rating and set a $235.00 price objective on shares of Boot Barn in a report on Friday, May 15th. Finally, Piper Sandler cut their target price on Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company 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.