Entropy Technologies LP Invests $598,000 in Boot Barn Holdings, Inc. $BOOT

Entropy Technologies LP acquired a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,088 shares of the company’s stock, valued at approximately $598,000.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on BOOT. Bank of America cut 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. BTIG Research reaffirmed a “buy” rating and set a $235.00 price target on shares of Boot Barn in a report on Monday. Jefferies Financial Group upgraded 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 report on Monday, April 6th. Robert W. Baird reduced their price objective on shares of Boot Barn from $244.00 to $225.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Finally, 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. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $226.92.

Boot Barn Trading Down 4.8%

NYSE:BOOT opened at $151.03 on Thursday. Boot Barn Holdings, Inc. has a 12-month low of $133.18 and a 12-month high of $210.25. The stock has a 50-day moving average price of $162.86 and a 200 day moving average price of $168.46. The stock has a market capitalization of $4.58 billion, a P/E ratio of 20.55, a P/E/G ratio of 1.11 and a beta of 1.69.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.60. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.The company had revenue of $593.51 million for the quarter, compared to analysts’ expectations of $583.15 million. During the same period in the previous year, the firm earned $1.74 EPS. The firm’s revenue was up 17.7% compared to the same quarter last year. Boot Barn has set its FY 2027 guidance at 8.800-9.230 EPS and its Q2 2027 guidance at 1.550-1.650 EPS. On average, research analysts predict that Boot Barn Holdings, Inc. will post 8.56 earnings per share for the current fiscal year.

Key Headlines Impacting Boot Barn

Here are the key news stories impacting Boot Barn this week:

• Positive Sentiment: Boot Barn reported fiscal Q1 2027 adjusted earnings of $2.29 per share, well above the $1.69 analyst consensus and up from $1.74 a year earlier. Revenue increased 17.7% year over year to $593.5 million, topping the $583.15 million estimate. Boot Barn fiscal first-quarter results
• Positive Sentiment: Comparable-store sales rose 4.7%, including a 3.8% increase in retail-store same-store sales, indicating continued demand for Boot Barn’s Western and workwear products. The quarter also produced a 10.02% net margin and 18.15% return on equity. Boot Barn key first-quarter metrics
• Positive Sentiment: Full-year fiscal 2027 EPS guidance of $8.80 to $9.23 is above the $8.54 consensus estimate, supporting the longer-term earnings outlook. Full-year revenue guidance was broadly in line with expectations. Boot Barn earnings report
• Neutral Sentiment: The strong quarterly beat confirms positive operating momentum, but investors are focusing more heavily on forward guidance than on the recently completed quarter.
• Negative Sentiment: Second-quarter fiscal 2027 guidance is below consensus: EPS of $1.55 to $1.65 versus $1.69 expected, and revenue of $572 million to $582 million versus $593.9 million expected. This cautious near-term outlook is the primary reason the stock has moved lower despite the earnings beat. Boot Barn guidance announcement

Boot Barn 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.