Capital Research Global Investors Sells 341,962 Shares of Boot Barn Holdings, Inc. $BOOT

Capital Research Global Investors decreased its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 68.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,150 shares of the company’s stock after selling 341,962 shares during the quarter. Capital Research Global Investors owned 0.52% of Boot Barn worth $27,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Alliance Wealth Advisors LLC UT bought a new stake in Boot Barn in the 3rd quarter worth approximately $607,000. Principal Financial Group Inc. lifted its position in Boot Barn by 11.4% in the 4th quarter. Principal Financial Group Inc. now owns 393,098 shares of the company’s stock worth $69,370,000 after buying an additional 40,282 shares during the last quarter. UBS Group AG lifted its position in Boot Barn by 16.4% in the 4th quarter. UBS Group AG now owns 172,380 shares of the company’s stock worth $30,420,000 after buying an additional 24,229 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in Boot Barn in the 4th quarter worth approximately $2,644,000. Finally, Fieldview Capital Management LLC lifted its position in Boot Barn by 1,197.6% in the 3rd quarter. Fieldview Capital Management LLC now owns 17,634 shares of the company’s stock worth $2,922,000 after buying an additional 16,275 shares during the last quarter.

Boot Barn Stock Performance

Shares of BOOT stock opened at $170.58 on Wednesday. Boot Barn Holdings, Inc. has a fifty-two week low of $133.18 and a fifty-two week high of $210.25. The stock has a 50 day moving average price of $158.02 and a two-hundred day moving average price of $176.15. The company has a market capitalization of $5.18 billion, a P/E ratio of 23.21, a PEG ratio of 1.14 and a beta of 1.70.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $531.44 million. During the same quarter in the previous year, the company posted $1.22 earnings per share. The business’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. As a group, equities analysts predict that Boot Barn Holdings, Inc. will post 8.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on BOOT shares. Piper Sandler dropped their target price on Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Robert W. Baird lowered their price objective on Boot Barn from $244.00 to $225.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Weiss Ratings downgraded Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. BTIG Research reiterated a “buy” rating and issued a $235.00 price objective on shares of Boot Barn in a research report on Friday, May 15th. Finally, Bank of America lowered their price objective 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. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $230.83.

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.