III Capital Management Acquires Shares of 18,000 Boot Barn Holdings, Inc. $BOOT

III Capital Management bought a new position in Boot Barn Holdings, Inc. (NYSE:BOOT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,000 shares of the company’s stock, valued at approximately $2,957,000. Boot Barn comprises about 0.8% of III Capital Management’s portfolio, making the stock its 16th largest position. III Capital Management owned approximately 0.06% of Boot Barn as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BOOT. Los Angeles Capital Management LLC purchased a new stake in Boot Barn during the 4th quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Boot Barn during the second quarter valued at approximately $33,000. Quantbot Technologies LP purchased a new position in Boot Barn in the 2nd quarter worth approximately $46,000. Caitong International Asset Management Co. Ltd bought a new position in Boot Barn in the 3rd quarter valued at approximately $49,000. Finally, Danske Bank A S boosted its stake 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 during the last quarter.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Robert W. Baird set a $212.00 price target on Boot Barn in a report on Thursday, July 30th. Bank of America dropped their price target on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Zacks Research upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. BTIG Research dropped their target price on shares of Boot Barn from $235.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Finally, Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Boot Barn has a consensus rating of “Buy” and a consensus price target of $219.55.

Boot Barn Trading Down 1.1%

BOOT opened at $160.07 on Wednesday. The firm’s 50 day simple moving average is $161.22 and its two-hundred day simple moving average is $165.12. The company has a market capitalization of $4.85 billion, a PE ratio of 20.26, a PEG ratio of 1.04 and a beta of 1.71. 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 posted its quarterly earnings data on Wednesday, July 29th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $1.69 by $0.60. The firm had revenue of $593.51 million during the quarter, compared to analyst estimates of $583.15 million. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.Boot Barn’s revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.74 EPS. 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. Equities analysts forecast that Boot Barn Holdings, Inc. will post 9.18 earnings per share for the current fiscal year.

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.