Fiera Capital Corp Raises Position in Boot Barn Holdings, Inc. $BOOT

Fiera Capital Corp boosted its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 32.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 287,618 shares of the company’s stock after buying an additional 71,093 shares during the period. Fiera Capital Corp’s holdings in Boot Barn were worth $50,756,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BOOT. Balyasny Asset Management L.P. increased its stake in Boot Barn by 2,547.7% in the 3rd quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company’s stock worth $78,086,000 after acquiring an additional 453,396 shares during the last quarter. Invesco Ltd. boosted its position in shares of Boot Barn by 46.3% during the 3rd quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock valued at $152,033,000 after acquiring an additional 290,493 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Boot Barn by 38.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 723,309 shares of the company’s stock worth $127,642,000 after purchasing an additional 200,971 shares in the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Boot Barn during the fourth quarter worth about $31,113,000. Finally, Scopus Asset Management L.P. bought a new position in shares of Boot Barn in the third quarter worth approximately $21,573,000.

Boot Barn Stock Down 3.0%

NYSE BOOT opened at $162.63 on Tuesday. The company has a 50-day simple moving average of $157.59 and a two-hundred day simple moving average of $176.19. Boot Barn Holdings, Inc. has a 12-month low of $133.18 and a 12-month high of $210.25. The firm 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 (NYSE:BOOT) last released its quarterly earnings data on Thursday, May 14th. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.43 by $0.02. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.The firm had revenue of $538.75 million for the quarter, compared to the consensus estimate of $531.44 million. During the same quarter in the previous year, the business earned $1.22 earnings per share. 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. Equities analysts expect that Boot Barn Holdings, Inc. will post 8.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BOOT. 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, May 15th. Weiss Ratings cut shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Citigroup reissued a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. Zacks Research downgraded shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Finally, UBS Group upped their target price on shares of Boot Barn from $270.00 to $272.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $230.83.

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.