Whittier Trust Co. Reduces Stock Holdings in Boot Barn Holdings, Inc. $BOOT

by · The Cerbat Gem

Whittier Trust Co. lessened its stake in Boot Barn Holdings, Inc. (NYSE:BOOT – Free Report) by 11.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,768 shares of the company’s stock after selling 11,563 shares during the quarter. Whittier Trust Co. owned about 0.30% of Boot Barn worth $13,825,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in shares of Boot Barn during the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Boot Barn in the third quarter valued at $49,000. Danske Bank A S grew its holdings in Boot Barn by 200.0% during the 4th quarter. Danske Bank A S now owns 300 shares of the company’s stock valued at $53,000 after purchasing an additional 200 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in Boot Barn by 284.1% during the 4th quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock valued at $60,000 after purchasing an additional 250 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in Boot Barn during the 3rd quarter worth $60,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BOOT shares. Piper Sandler cut their price objective on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a report on Friday, May 15th. Robert W. Baird dropped their target price on Boot Barn from $244.00 to $225.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Zacks Research cut Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. Weiss Ratings downgraded Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Finally, TD Cowen restated a “buy” rating on shares of Boot Barn in a research note on Wednesday, June 17th. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $226.92.

Get Our Latest Analysis on BOOT

Boot Barn Stock Performance

Boot Barn stock opened at $158.03 on Monday. Boot Barn Holdings, Inc. has a 1 year low of $133.18 and a 1 year high of $210.25. The firm’s 50-day moving average is $163.78 and its 200-day moving average is $172.72. The company has a market cap of $4.80 billion, a P/E ratio of 21.50, a PEG ratio of 1.10 and a beta of 1.69.

Boot Barn (NYSE:BOOT – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02. The business had revenue of $538.75 million during 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%. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the prior 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. As a group, sell-side analysts predict that Boot Barn Holdings, Inc. will post 8.55 earnings per share for the current year.

About Boot Barn

(Free Report)

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.

Further Reading