Boot Barn Holdings, Inc. $BOOT Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC raised its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 21.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 578,318 shares of the company’s stock after purchasing an additional 102,857 shares during the period. Squarepoint Ops LLC’s holdings in Boot Barn were worth $102,056,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its stake in Boot Barn by 0.6% during the 4th quarter. State Street Corp now owns 1,176,193 shares of the company’s stock valued at $207,563,000 after purchasing an additional 7,410 shares during the period. Invesco Ltd. boosted its stake in Boot Barn by 46.3% during the 3rd quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock valued at $152,033,000 after purchasing an additional 290,493 shares during the period. Goldman Sachs Group Inc. boosted its stake in Boot Barn by 38.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 723,309 shares of the company’s stock valued at $127,642,000 after purchasing an additional 200,971 shares during the period. Congress Asset Management Co. boosted its stake in Boot Barn by 11.1% during the 4th quarter. Congress Asset Management Co. now owns 622,413 shares of the company’s stock valued at $109,837,000 after purchasing an additional 62,350 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Boot Barn by 24.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 579,680 shares of the company’s stock valued at $96,065,000 after purchasing an additional 112,918 shares during the period.

Boot Barn Price Performance

NYSE BOOT opened at $165.57 on Tuesday. The company’s 50 day simple moving average is $160.24 and its 200 day simple moving average is $175.71. Boot Barn Holdings, Inc. has a 12 month low of $133.18 and a 12 month high of $210.25. The company has a market capitalization of $5.03 billion, a P/E ratio of 22.53, a PEG ratio of 1.20 and a beta of 1.70.

Boot Barn (NYSE:BOOT) last released its 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. 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 in the previous year, the firm earned $1.22 EPS. The business’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. On average, analysts anticipate that Boot Barn Holdings, Inc. will post 8.54 earnings per share for the current year.

Analysts Set New Price Targets

BOOT has been the subject of a number of analyst reports. Weiss Ratings lowered shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. BTIG Research reaffirmed a “buy” rating and issued a $235.00 price target on shares of Boot Barn in a research note on Friday, May 15th. Piper Sandler reduced their price target on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. UBS Group upped their price target on shares of Boot Barn from $270.00 to $272.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, Jefferies Financial Group raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a research note on Monday, April 6th. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Boot Barn currently has an average rating of “Moderate Buy” and a consensus price target of $230.83.

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.