Fiera Capital Corp Boosts Stock Position in Boot Barn Holdings, Inc. $BOOT

Fiera Capital Corp raised its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 32.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 287,618 shares of the company’s stock after purchasing an additional 71,093 shares during the quarter. Fiera Capital Corp owned 0.95% of Boot Barn worth $50,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new position in shares of Boot Barn in the 4th quarter worth about $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in Boot Barn during the third quarter worth about $49,000. Danske Bank A S raised its position 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 acquiring an additional 200 shares during the period. Hantz Financial Services Inc. raised its position in 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 acquiring an additional 250 shares during the period. Finally, Global Retirement Partners LLC boosted its stake in Boot Barn by 702.3% in the fourth quarter. Global Retirement Partners LLC now owns 353 shares of the company’s stock valued at $62,000 after acquiring an additional 309 shares during the last quarter.

Boot Barn Stock Down 3.0%

Shares of NYSE BOOT opened at $162.63 on Tuesday. The company has a market cap of $4.94 billion, a P/E ratio of 22.13, a P/E/G ratio of 1.18 and a beta of 1.70. Boot Barn Holdings, Inc. has a 52 week low of $133.18 and a 52 week high of $210.25. The business has a 50-day simple moving average of $157.59 and a two-hundred day simple moving average of $176.19.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Thursday, May 14th. The company reported $1.45 earnings per share 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 firm had revenue of $538.75 million for the quarter, compared to analysts’ expectations of $531.44 million. During the same period in the prior year, the business posted $1.22 earnings per share. The company’s revenue 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. Equities research analysts anticipate that Boot Barn Holdings, Inc. will post 8.54 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on BOOT. Zacks Research downgraded shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. BTIG Research reaffirmed a “buy” rating and issued a $235.00 price target on shares of Boot Barn in a report on Friday, May 15th. Citigroup reiterated a “buy” rating on shares of Boot Barn in a research note on Monday, May 4th. Bank of America decreased their target price on Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Finally, Robert W. Baird lowered their target price on 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 equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and an average price target of $230.83.

About Boot Barn

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.