WCM Investment Management LLC Boosts Stake in Boot Barn Holdings, Inc. $BOOT

WCM Investment Management LLC lifted its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 52.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 133,012 shares of the company’s stock after buying an additional 45,557 shares during the period. WCM Investment Management LLC’s holdings in Boot Barn were worth $18,614,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in shares of Boot Barn in the 4th quarter valued at $29,000. Caitong International Asset Management Co. Ltd bought a new stake in Boot Barn in the third quarter worth $49,000. Danske Bank A S lifted its stake in 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 purchasing an additional 200 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Boot Barn by 284.1% during the fourth quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock valued at $60,000 after buying an additional 250 shares during the period. Finally, Johnson Financial Group Inc. purchased a new stake in Boot Barn during the third quarter valued at about $60,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BOOT shares. UBS Group set a $225.00 price objective on Boot Barn in a report on Wednesday, June 17th. Weiss Ratings lowered Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Bank of America dropped their price objective on Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a report on Friday, May 15th. TD Cowen reiterated a “buy” rating on shares of Boot Barn in a research report on Wednesday, June 17th. Finally, Robert W. Baird cut 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 note on Friday, May 15th. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Boot Barn has an average rating of “Moderate Buy” and an average target price of $226.92.

Boot Barn Stock Performance

Shares of Boot Barn stock opened at $152.96 on Monday. The company has a 50-day simple moving average of $161.80 and a two-hundred day simple moving average of $170.44. The stock has a market capitalization of $4.64 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 1.07 and a beta of 1.69. Boot Barn Holdings, Inc. has a 52-week low of $133.18 and a 52-week high of $210.25.

Boot Barn (NYSE:BOOT) last issued its earnings results on Thursday, May 14th. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.43 by $0.02. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.The business had revenue of $538.75 million for the quarter, compared to the consensus estimate of $531.43 million. During the same period last year, the business posted $1.22 EPS. The company’s 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. As a group, equities research analysts forecast that Boot Barn Holdings, Inc. will post 8.56 EPS 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.