GW&K Investment Management LLC Trims Holdings in Boot Barn Holdings, Inc. $BOOT

GW&K Investment Management LLC trimmed its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 158,791 shares of the company’s stock after selling 3,202 shares during the quarter. GW&K Investment Management LLC owned 0.52% of Boot Barn worth $28,022,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new stake in Boot Barn in the fourth quarter valued at $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in Boot Barn in the third quarter valued at $49,000. Danske Bank A S boosted its holdings in Boot Barn by 200.0% in the fourth 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. Hantz Financial Services Inc. boosted its holdings in Boot Barn by 284.1% in the fourth quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock valued at $60,000 after purchasing an additional 250 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings 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 purchasing an additional 309 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. TD Cowen reaffirmed a “buy” rating and issued a $225.00 price target on shares of Boot Barn in a report on Thursday, June 4th. Zacks Research lowered shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Bank of America cut their target price on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a report on Friday, May 15th. UBS Group lifted their target price on shares of Boot Barn from $270.00 to $272.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.83.

Boot Barn Trading Down 3.1%

Shares of BOOT stock opened at $165.56 on Thursday. The company has a market capitalization of $5.02 billion, a P/E ratio of 22.52, a P/E/G ratio of 1.20 and a beta of 1.70. The business’s 50 day moving average is $158.53 and its two-hundred day moving average is $176.10. Boot Barn Holdings, Inc. has a 12-month low of $133.18 and a 12-month high of $210.25.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Thursday, May 14th. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.02. The company had revenue of $538.75 million for the quarter, compared to the consensus estimate of $531.44 million. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.Boot Barn’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.22 earnings per share. 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. On average, research analysts predict that Boot Barn Holdings, Inc. will post 8.54 earnings per share for the current fiscal year.

Boot Barn Company 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.