Natixis Advisors LLC Has $3.79 Million Stock Holdings in Boot Barn Holdings, Inc. $BOOT

Natixis Advisors LLC cut its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 52.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,490 shares of the company’s stock after selling 23,887 shares during the quarter. Natixis Advisors LLC owned about 0.07% of Boot Barn worth $3,792,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in Boot Barn in the third quarter valued at approximately $49,000. Danske Bank A S lifted its stake in Boot Barn by 200.0% in the fourth quarter. Danske Bank A S now owns 300 shares of the company’s stock valued at $53,000 after acquiring an additional 200 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Boot Barn by 284.1% in the fourth quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock valued at $60,000 after acquiring an additional 250 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in Boot Barn in the third quarter valued at approximately $60,000. Finally, Global Retirement Partners LLC lifted its stake in Boot Barn by 702.3% in the fourth 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.

Analyst Ratings Changes

BOOT has been the subject of a number of analyst reports. TD Cowen restated a “buy” rating and issued a $225.00 price objective on shares of Boot Barn in a research note on Thursday, June 4th. Robert W. Baird reduced their price objective on shares of Boot Barn from $244.00 to $225.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Weiss Ratings cut shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. 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 research note on Monday, April 6th. Finally, Piper Sandler reduced their price objective on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Boot Barn has an average rating of “Moderate Buy” and an average price target of $230.83.

Boot Barn Trading Up 5.2%

Shares of Boot Barn stock opened at $170.58 on Wednesday. The firm has a fifty day simple moving average of $158.02 and a 200-day simple moving average of $176.15. Boot Barn Holdings, Inc. has a 1-year low of $133.18 and a 1-year high of $210.25. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 1.14 and a beta of 1.70.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Thursday, May 14th. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.02. The business had revenue of $538.75 million during the quarter, compared to analysts’ expectations of $531.44 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% on a year-over-year basis. During the same period in the previous year, the company 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. As a group, research analysts predict that Boot Barn Holdings, Inc. will post 8.54 earnings per share for the current year.

Boot Barn 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.