Broad Peak Investment Advisers Pte Ltd Decreases Stake in Boot Barn Holdings, Inc. $BOOT

Broad Peak Investment Advisers Pte Ltd cut its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 54.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,900 shares of the company’s stock after selling 19,198 shares during the quarter. Boot Barn comprises 0.5% of Broad Peak Investment Advisers Pte Ltd’s investment portfolio, making the stock its 23rd biggest position. Broad Peak Investment Advisers Pte Ltd owned about 0.05% of Boot Barn worth $2,327,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Principal Financial Group Inc. increased its stake in shares of Boot Barn by 11.4% in the 4th quarter. Principal Financial Group Inc. now owns 393,098 shares of the company’s stock worth $69,370,000 after acquiring an additional 40,282 shares during the last quarter. UBS Group AG raised its holdings in shares of Boot Barn by 16.4% during the 4th quarter. UBS Group AG now owns 172,380 shares of the company’s stock worth $30,420,000 after acquiring an additional 24,229 shares during the period. Asset Management One Co. Ltd. acquired a new position in shares of Boot Barn during the 4th quarter valued at about $2,644,000. Fieldview Capital Management LLC boosted its position in shares of Boot Barn by 1,197.6% during the 3rd quarter. Fieldview Capital Management LLC now owns 17,634 shares of the company’s stock valued at $2,922,000 after acquiring an additional 16,275 shares during the last quarter. Finally, TD Asset Management Inc purchased a new stake in shares of Boot Barn in the third quarter valued at about $1,160,000.

Boot Barn Trading Down 7.8%

Shares of NYSE:BOOT opened at $163.81 on Tuesday. The business has a 50-day moving average price of $164.15 and a 200 day moving average price of $173.94. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 1.25 and a beta of 1.70. 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 posted its earnings results on Thursday, May 14th. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02. The company had revenue of $538.75 million for the quarter, compared to analysts’ expectations of $531.43 million. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. Boot Barn’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the company 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. As a group, equities research analysts predict that Boot Barn Holdings, Inc. will post 8.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BOOT has been the topic of a number of analyst reports. Weiss Ratings downgraded shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. UBS Group set a $225.00 price target on shares of Boot Barn in a research note on Wednesday, June 17th. Zacks Research downgraded shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Robert W. Baird reduced their price target on shares of Boot Barn from $244.00 to $225.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Finally, Bank of America decreased their price objective on Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $226.92.

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.