Boot Barn Holdings, Inc. $BOOT Stock Holdings Increased by Fisher Asset Management LLC

by · The Cerbat Gem

Fisher Asset Management LLC increased its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT – Free Report) by 6.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 242,747 shares of the company’s stock after purchasing an additional 14,738 shares during the quarter. Fisher Asset Management LLC’s holdings in Boot Barn were worth $42,838,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BOOT. Balyasny Asset Management L.P. raised its holdings in shares of Boot Barn by 2,547.7% in the 3rd quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company’s stock worth $78,086,000 after purchasing an additional 453,396 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Boot Barn by 46.3% in the 3rd quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock worth $152,033,000 after purchasing an additional 290,493 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Boot Barn by 132.4% in the 3rd quarter. Principal Financial Group Inc. now owns 352,816 shares of the company’s stock worth $58,469,000 after purchasing an additional 201,026 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Boot Barn in the 4th quarter worth approximately $31,113,000. Finally, Scopus Asset Management L.P. bought a new stake in shares of Boot Barn in the 3rd quarter worth approximately $21,573,000.

Analyst Upgrades and Downgrades

A number of analysts recently commented on BOOT shares. UBS Group boosted their target price on shares of Boot Barn from $270.00 to $272.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Stephens raised shares of Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 target price on the stock in a research report on Friday, February 6th. Weiss Ratings downgraded shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Piper Sandler dropped their target price on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Finally, Robert W. Baird dropped 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 report on Friday, May 15th. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $230.83.

Get Our Latest Stock Report on BOOT

Boot Barn Price Performance

Boot Barn stock opened at $164.12 on Wednesday. The firm’s 50 day simple moving average is $155.66 and its 200-day simple moving average is $176.85. The company has a market cap of $4.98 billion, a P/E ratio of 22.33, a price-to-earnings-growth ratio of 1.09 and a beta of 1.73. Boot Barn Holdings, Inc. has a fifty-two week low of $133.18 and a fifty-two week high of $210.25.

Boot Barn (NYSE:BOOT – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported $1.45 earnings per share 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 business had revenue of $538.75 million for the quarter, compared to the consensus estimate of $531.44 million. During the same period last year, the firm posted $1.22 earnings per share. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. 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, analysts expect that Boot Barn Holdings, Inc. will post 8.54 EPS for the current fiscal year.

Boot Barn Company Profile

(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.

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