Goldman Sachs Group Inc. Increases Stock Position in Boot Barn Holdings, Inc. $BOOT

Goldman Sachs Group Inc. boosted its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 38.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 723,309 shares of the company’s stock after purchasing an additional 200,971 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Boot Barn were worth $127,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Invesco Ltd. raised its stake in Boot Barn by 46.3% in the third quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock valued at $152,033,000 after purchasing an additional 290,493 shares in the last quarter. Congress Asset Management Co. raised its stake in shares of Boot Barn by 11.1% during the fourth quarter. Congress Asset Management Co. now owns 622,413 shares of the company’s stock worth $109,837,000 after acquiring an additional 62,350 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Boot Barn by 24.2% during the third quarter. Ameriprise Financial Inc. now owns 579,680 shares of the company’s stock worth $96,065,000 after acquiring an additional 112,918 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in shares of Boot Barn by 2,547.7% during the third 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 in the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of Boot Barn by 25.1% during the second quarter. Raymond James Financial Inc. now owns 413,387 shares of the company’s stock worth $62,835,000 after acquiring an additional 82,938 shares in the last quarter.

Boot Barn Stock Performance

Shares of Boot Barn stock opened at $162.63 on Tuesday. Boot Barn Holdings, Inc. has a 52-week low of $133.18 and a 52-week high of $210.25. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 1.18 and a beta of 1.70. The company’s 50 day moving average price is $157.59 and its 200-day moving average price is $176.19.

Boot Barn (NYSE:BOOT) last issued its earnings results on Thursday, May 14th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.02. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The firm had revenue of $538.75 million for the quarter, compared to analysts’ expectations of $531.44 million. During the same quarter last year, the business earned $1.22 earnings per share. The business’s 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. As a group, equities research analysts forecast that Boot Barn Holdings, Inc. will post 8.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Piper Sandler decreased their price target on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. UBS Group lifted their price target on shares of Boot Barn from $270.00 to $272.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Robert W. Baird decreased their price target on shares of Boot Barn from $244.00 to $225.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Zacks Research downgraded shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. Finally, BTIG Research reissued a “buy” rating and set a $235.00 price target on shares of Boot Barn in a research note 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $230.83.

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.