1492 Capital Management LLC Purchases New Shares in Boot Barn Holdings, Inc. $BOOT

1492 Capital Management LLC acquired a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) during the 1st quarter, Holdings Channel reports. The firm acquired 6,859 shares of the company’s stock, valued at approximately $1,004,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Los Angeles Capital Management LLC bought a new position in Boot Barn during the 4th quarter worth $29,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Boot Barn during the 3rd quarter worth approximately $49,000. Danske Bank A S boosted its position in shares of Boot Barn by 200.0% during the 4th quarter. Danske Bank A S now owns 300 shares of the company’s stock worth $53,000 after acquiring an additional 200 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Boot Barn by 284.1% during the 4th quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock worth $60,000 after acquiring an additional 250 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new position in Boot Barn in the third quarter valued at approximately $60,000.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BOOT. Jefferies Financial Group upgraded Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price objective for the company in a research report on Monday, April 6th. BTIG Research reiterated a “buy” rating and issued a $235.00 target price on shares of Boot Barn in a research report on Friday, May 15th. Piper Sandler lowered their target price on Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. TD Cowen reissued a “buy” rating on shares of Boot Barn in a report on Wednesday, June 17th. Finally, Bank of America reduced their price target on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $226.92.

Boot Barn Stock Performance

Shares of NYSE BOOT opened at $177.69 on Friday. The company’s 50 day moving average price is $163.97 and its 200-day moving average price is $174.38. Boot Barn Holdings, Inc. has a 52-week low of $133.18 and a 52-week high of $210.25. The company has a market capitalization of $5.39 billion, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 1.25 and a beta of 1.70.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Thursday, May 14th. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.02. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The company had revenue of $538.75 million during the quarter, compared to analysts’ expectations of $531.43 million. During the same period in the prior year, the company posted $1.22 earnings per share. Boot Barn’s revenue for the quarter 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. Analysts forecast that Boot Barn Holdings, Inc. will post 8.54 earnings per share for the current 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.