TimesSquare Capital Management LLC Decreases Position in Boot Barn Holdings, Inc. $BOOT

TimesSquare Capital Management LLC cut its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 37.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 108,849 shares of the company’s stock after selling 66,046 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Boot Barn were worth $19,209,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BOOT. Royal Bank of Canada lifted its stake in Boot Barn by 50.3% in the 1st quarter. Royal Bank of Canada now owns 34,676 shares of the company’s stock valued at $3,725,000 after buying an additional 11,598 shares in the last quarter. AQR Capital Management LLC lifted its stake 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Boot Barn by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company’s stock valued at $1,894,000 after buying an additional 779 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Boot Barn by 23.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company’s stock valued at $34,771,000 after buying an additional 61,719 shares in the last quarter. Finally, United Services Automobile Association purchased a new position in Boot Barn in the 1st quarter valued at about $209,000.

Boot Barn Trading Up 0.4%

BOOT stock opened at $141.70 on Wednesday. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 0.99 and a beta of 1.73. Boot Barn Holdings, Inc. has a 12 month low of $133.18 and a 12 month high of $210.25. The firm has a 50-day moving average of $157.23 and a two-hundred day moving average of $178.06.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $531.44 million. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. Boot Barn’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. As a group, equities analysts forecast that Boot Barn Holdings, Inc. will post 8.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Zacks Research lowered shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. Jefferies Financial Group upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price objective for the company in a report on Monday, April 6th. Bank of America cut their price objective on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a report on Friday, May 15th. Weiss Ratings downgraded shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Finally, BTIG Research reiterated a “buy” rating and issued a $235.00 price objective on shares of Boot Barn in a report on Friday, May 15th. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and a consensus target price 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.