SG Americas Securities LLC Boosts Holdings in Boot Barn Holdings, Inc. $BOOT

SG Americas Securities LLC lifted its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 81.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,212 shares of the company’s stock after purchasing an additional 7,726 shares during the period. SG Americas Securities LLC owned about 0.06% of Boot Barn worth $2,519,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada increased its stake in Boot Barn by 50.3% during the 1st quarter. Royal Bank of Canada now owns 34,676 shares of the company’s stock worth $3,725,000 after buying an additional 11,598 shares during the period. AQR Capital Management LLC boosted its position in Boot Barn by 198.0% in the 1st quarter. AQR Capital Management LLC now owns 8,906 shares of the company’s stock valued at $957,000 after buying an additional 5,917 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Boot Barn by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company’s stock valued at $1,894,000 after acquiring an additional 779 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Boot Barn by 23.6% during the first quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company’s stock valued at $34,771,000 after acquiring an additional 61,719 shares in the last quarter. Finally, United Services Automobile Association purchased a new stake in shares of Boot Barn during the first quarter worth about $209,000.

Analysts Set New Price Targets

A number of brokerages recently commented on BOOT. Jefferies Financial Group raised Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a report on Monday, April 6th. Robert W. Baird cut their target price on Boot Barn from $244.00 to $225.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Zacks Research cut Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. UBS Group set a $225.00 price target on shares of Boot Barn in a research report on Wednesday, June 17th. Finally, Bank of America dropped their price target on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $226.92.

Boot Barn Stock Performance

Boot Barn stock opened at $162.49 on Thursday. The firm’s 50-day moving average is $164.06 and its 200-day moving average is $173.37. Boot Barn Holdings, Inc. has a 1 year low of $133.18 and a 1 year high of $210.25. The company has a market cap of $4.93 billion, a P/E ratio of 22.11, a PEG ratio of 1.15 and a beta of 1.69.

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 analysts’ consensus estimates of $1.43 by $0.02. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The business had revenue of $538.75 million during the quarter, compared to the consensus estimate of $531.43 million. During the same quarter in the prior year, the firm earned $1.22 EPS. The company’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. As a group, sell-side analysts predict that Boot Barn Holdings, Inc. will post 8.55 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.