Y Intercept Hong Kong Ltd Boosts Holdings in Boot Barn Holdings, Inc. $BOOT

Y Intercept Hong Kong Ltd lifted its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 50.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,777 shares of the company’s stock after purchasing an additional 13,955 shares during the period. Y Intercept Hong Kong Ltd owned about 0.14% of Boot Barn worth $6,114,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. BTIG Research reiterated a “buy” rating and issued a $235.00 price target on shares of Boot Barn in a research note on Friday, May 15th. Bank of America lowered their price objective on 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 Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price objective on the stock in a report on Monday, April 6th. Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a research report on Monday, May 4th. Finally, Zacks Research cut Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $226.92.

Boot Barn Stock Performance

BOOT opened at $158.03 on Friday. The company has a market capitalization of $4.80 billion, a P/E ratio of 21.50, a PEG ratio of 1.10 and a beta of 1.69. The company has a 50-day moving average of $163.78 and a 200-day moving average of $172.94. Boot Barn Holdings, Inc. has a 1-year low of $133.18 and a 1-year high of $210.25.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Thursday, May 14th. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.43 by $0.02. The business had revenue of $538.75 million for the quarter, compared to analysts’ expectations of $531.43 million. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.22 earnings per share. 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, sell-side analysts expect that Boot Barn Holdings, Inc. will post 8.55 earnings per share for the current fiscal year.

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.