Hsbc Holdings PLC Has $2.13 Million Stock Holdings in Boot Barn Holdings, Inc. $BOOT

Hsbc Holdings PLC grew its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 335.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,527 shares of the company’s stock after purchasing an additional 11,191 shares during the period. Hsbc Holdings PLC’s holdings in Boot Barn were worth $2,132,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Burney Co. raised its holdings in Boot Barn by 53.5% during the 1st quarter. Burney Co. now owns 32,889 shares of the company’s stock worth $4,814,000 after buying an additional 11,459 shares during the period. Howe & Rusling Inc. increased its position in shares of Boot Barn by 45.9% in the first quarter. Howe & Rusling Inc. now owns 2,782 shares of the company’s stock worth $407,000 after acquiring an additional 875 shares in the last quarter. Koshinski Asset Management Inc. increased its position in shares of Boot Barn by 99.8% in the first quarter. Koshinski Asset Management Inc. now owns 2,667 shares of the company’s stock worth $390,000 after acquiring an additional 1,332 shares in the last quarter. Y Intercept Hong Kong Ltd raised its holdings in shares of Boot Barn by 50.2% during the first quarter. Y Intercept Hong Kong Ltd now owns 41,777 shares of the company’s stock valued at $6,114,000 after acquiring an additional 13,955 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Boot Barn during the first quarter valued at approximately $375,000.

Analysts Set New Price Targets

BOOT has been the subject of a number of recent analyst reports. TD Cowen reaffirmed a “buy” rating on shares of Boot Barn in a research note on Wednesday, June 17th. Robert W. Baird cut their target price 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. Weiss Ratings lowered Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. UBS Group set a $225.00 target price on Boot Barn in a research report on Wednesday, June 17th. Finally, Bank of America lowered their price target on Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Boot Barn currently has a consensus rating of “Moderate Buy” and a consensus price target of $226.92.

Boot Barn Stock Performance

Boot Barn stock opened at $150.04 on Monday. The firm has a market cap of $4.55 billion, a PE ratio of 20.41, a P/E/G ratio of 1.05 and a beta of 1.69. The firm’s 50 day moving average price is $162.04 and its two-hundred day moving average price is $169.27. 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 issued its earnings results on Thursday, May 14th. The company reported $1.45 earnings per share (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 company had revenue of $538.75 million during the quarter, compared to analyst estimates of $531.43 million. During the same quarter last year, the business posted $1.22 EPS. The company’s revenue for the quarter 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 anticipate that Boot Barn Holdings, Inc. will post 8.56 EPS 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.