Boot Barn Holdings, Inc. $BOOT Shares Sold by Axiom Investors LLC DE

Axiom Investors LLC DE decreased its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 20.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 78,376 shares of the company’s stock after selling 19,926 shares during the quarter. Axiom Investors LLC DE’s holdings in Boot Barn were worth $13,831,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BOOT. Balyasny Asset Management L.P. raised its holdings in Boot Barn by 2,547.7% in the 3rd quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company’s stock worth $78,086,000 after purchasing an additional 453,396 shares during the period. Invesco Ltd. raised its holdings in Boot Barn by 46.3% in the 3rd quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock worth $152,033,000 after purchasing an additional 290,493 shares during the period. Goldman Sachs Group Inc. raised its holdings in Boot Barn by 38.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 723,309 shares of the company’s stock worth $127,642,000 after purchasing an additional 200,971 shares during the period. Wedge Capital Management L L P NC acquired a new position in Boot Barn in the 4th quarter worth about $31,113,000. Finally, Scopus Asset Management L.P. acquired a new position in Boot Barn in the 3rd quarter worth about $21,573,000.

Boot Barn Trading Up 5.2%

NYSE:BOOT opened at $170.58 on Wednesday. Boot Barn Holdings, Inc. has a 12 month low of $133.18 and a 12 month high of $210.25. The stock has a 50 day moving average of $158.02 and a two-hundred day moving average of $176.15. The firm has a market cap of $5.18 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 1.14 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 EPS for the quarter, topping 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 company had revenue of $538.75 million during the quarter, compared to analyst estimates of $531.44 million. During the same period in the previous year, the business earned $1.22 EPS. Boot Barn’s quarterly 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. On average, research analysts forecast that Boot Barn Holdings, Inc. will post 8.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BOOT shares. Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. Zacks Research cut Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. 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. BTIG Research reiterated a “buy” rating and set a $235.00 price objective on shares of Boot Barn in a research note on Friday, May 15th. Finally, Weiss Ratings lowered Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.