Boot Barn Holdings, Inc. $BOOT Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 3.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 77,963 shares of the company’s stock after selling 3,055 shares during the quarter. Legal & General Group Plc owned about 0.26% of Boot Barn worth $13,758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BOOT. Caitong International Asset Management Co. Ltd acquired a new position in shares of Boot Barn in the third quarter valued at approximately $49,000. Danske Bank A S grew its stake in Boot Barn by 200.0% in the 4th quarter. Danske Bank A S now owns 300 shares of the company’s stock worth $53,000 after acquiring an additional 200 shares during the period. Hantz Financial Services Inc. grew its stake in Boot Barn by 284.1% in the 4th quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock worth $60,000 after acquiring an additional 250 shares during the period. Global Retirement Partners LLC raised its holdings in Boot Barn by 702.3% in the 4th quarter. Global Retirement Partners LLC now owns 353 shares of the company’s stock valued at $62,000 after acquiring an additional 309 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in shares of Boot Barn during the 3rd quarter worth $60,000.

Boot Barn Trading Up 1.2%

Shares of BOOT opened at $171.87 on Wednesday. Boot Barn Holdings, Inc. has a twelve month low of $133.18 and a twelve month high of $210.25. The firm has a market capitalization of $5.22 billion, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 1.19 and a beta of 1.70. The stock’s fifty day simple moving average is $156.46 and its 200 day simple moving average is $176.41.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Thursday, May 14th. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02. The firm had revenue of $538.75 million during the quarter, compared to the consensus estimate of $531.44 million. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. Sell-side analysts predict that Boot Barn Holdings, Inc. will post 8.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on BOOT shares. Piper Sandler lowered their price objective on Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Jefferies Financial Group upgraded Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a research report on Monday, April 6th. BTIG Research restated a “buy” rating and issued a $235.00 price target on shares of Boot Barn in a report on Friday, May 15th. UBS Group upped their price objective on shares of Boot Barn from $270.00 to $272.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Robert W. Baird cut their price objective on shares of Boot Barn from $244.00 to $225.00 and set an “outperform” 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 company’s stock. According to MarketBeat.com, the company currently 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.