Boot Barn Holdings, Inc. $BOOT Position Lessened by Sterling Capital Management LLC

Sterling Capital Management LLC lowered its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 44.5% in the first quarter, HoldingsChannel reports. The firm owned 5,284 shares of the company’s stock after selling 4,238 shares during the quarter. Sterling Capital Management LLC’s holdings in Boot Barn were worth $773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in Boot Barn by 83.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,103,441 shares of the company’s stock valued at $194,725,000 after buying an additional 502,275 shares during the last quarter. Balyasny Asset Management L.P. grew its position 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 during the last quarter. Invesco Ltd. grew its position in shares of Boot Barn by 46.3% during the third quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock worth $152,033,000 after acquiring an additional 290,493 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Boot Barn by 38.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 723,309 shares of the company’s stock worth $127,642,000 after acquiring an additional 200,971 shares during the period. Finally, Wedge Capital Management L L P NC acquired a new stake in shares of Boot Barn in the 4th quarter worth about $31,113,000.

Analysts Set New Price Targets

A number of research firms have issued reports on BOOT. Bank of America reduced their target price 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. Jefferies Financial Group upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price target on the stock in a research note on Monday, April 6th. Weiss Ratings downgraded Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. UBS Group set a $225.00 price objective on Boot Barn in a report on Wednesday, June 17th. Finally, Piper Sandler lowered 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 company. According to MarketBeat, Boot Barn currently has an average rating of “Moderate Buy” and a consensus target price of $226.92.

Boot Barn Stock Down 1.1%

Shares of BOOT opened at $162.49 on Thursday. The firm has a 50-day moving average price of $164.06 and a 200 day moving average price of $173.37. The firm has a market capitalization of $4.93 billion, a PE ratio of 22.11, a P/E/G ratio of 1.15 and a beta of 1.69. Boot Barn Holdings, Inc. has a 52-week low of $133.18 and a 52-week high of $210.25.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Thursday, May 14th. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.02. The company had revenue of $538.75 million for the quarter, compared to the consensus estimate of $531.43 million. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. Boot Barn’s revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the firm earned $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. On average, equities analysts expect that Boot Barn Holdings, Inc. will post 8.55 EPS for the current year.

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.