4D Advisors LLC Sells 15,000 Shares of Boot Barn Holdings, Inc. $BOOT

4D Advisors LLC trimmed its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 42.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 20,000 shares of the company’s stock after selling 15,000 shares during the quarter. Boot Barn accounts for about 1.9% of 4D Advisors LLC’s holdings, making the stock its 29th biggest holding. 4D Advisors LLC’s holdings in Boot Barn were worth $3,529,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in BOOT. Guggenheim Capital LLC raised its holdings in Boot Barn by 238.6% during the 4th quarter. Guggenheim Capital LLC now owns 4,541 shares of the company’s stock valued at $801,000 after buying an additional 3,200 shares during the last quarter. AQR Capital Management LLC raised its holdings in Boot Barn by 45.2% during the 4th quarter. AQR Capital Management LLC now owns 20,073 shares of the company’s stock valued at $3,542,000 after buying an additional 6,244 shares during the last quarter. Abel Hall LLC bought a new stake in Boot Barn during the 4th quarter valued at $250,000. Cetera Investment Advisers raised its holdings in Boot Barn by 14.4% during the 4th quarter. Cetera Investment Advisers now owns 11,748 shares of the company’s stock valued at $2,073,000 after buying an additional 1,481 shares during the last quarter. Finally, Equitable Holdings Inc. bought a new stake in Boot Barn during the 4th quarter valued at $295,000.

Analyst Upgrades and Downgrades

BOOT has been the topic of a number of research analyst reports. BTIG Research reissued a “buy” rating and set a $235.00 price objective on shares of Boot Barn in a research report on Friday, May 15th. Zacks Research downgraded shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. Bank of America cut their price objective on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. Piper Sandler lowered their target price on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. Finally, Jefferies Financial Group upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a research note on Monday, April 6th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $226.92.

Boot Barn Stock Up 1.9%

Shares of NYSE:BOOT opened at $165.63 on Thursday. The firm’s 50 day moving average price is $161.12 and its 200-day moving average price is $175.29. Boot Barn Holdings, Inc. has a twelve month low of $133.18 and a twelve month high of $210.25. The stock has a market capitalization of $5.03 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 1.14 and a beta of 1.70.

Boot Barn (NYSE:BOOT) last released its earnings results on Thursday, May 14th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.02. The company had revenue of $538.75 million during the quarter, compared to analyst estimates of $531.44 million. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.22 EPS. 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 expect 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.