Boot Barn Holdings, Inc. $BOOT Shares Bought by Fieldview Capital Management LLC

Fieldview Capital Management LLC boosted its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 32.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,299 shares of the company’s stock after purchasing an additional 5,665 shares during the period. Boot Barn comprises approximately 0.7% of Fieldview Capital Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Fieldview Capital Management LLC’s holdings in Boot Barn were worth $4,112,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of BOOT. Balyasny Asset Management L.P. raised its position in shares of Boot Barn by 2,547.7% in the third quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company’s stock worth $78,086,000 after acquiring an additional 453,396 shares during the period. Invesco Ltd. raised its position in shares of Boot Barn by 46.3% in the third quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock worth $152,033,000 after acquiring an additional 290,493 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Boot Barn by 38.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 723,309 shares of the company’s stock worth $127,642,000 after acquiring an additional 200,971 shares during the period. Wedge Capital Management L L P NC acquired a new position in shares of Boot Barn in the fourth quarter worth about $31,113,000. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Boot Barn in the fourth quarter worth about $26,471,000.

Boot Barn Stock Down 2.6%

BOOT opened at $170.48 on Friday. Boot Barn Holdings, Inc. has a twelve month low of $133.18 and a twelve month high of $210.25. The company has a 50-day moving average price of $159.63 and a 200 day moving average price of $175.99. The company has a market cap of $5.17 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 1.20 and a beta of 1.70.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Thursday, May 14th. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.02. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The firm had revenue of $538.75 million during the quarter, compared to the consensus estimate of $531.44 million. During the same quarter in the prior year, the firm earned $1.22 EPS. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. 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, sell-side analysts expect that Boot Barn Holdings, Inc. will post 8.54 earnings per share for the current year.

Analysts Set New Price Targets

BOOT has been the subject of a number of analyst reports. Robert W. Baird decreased 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 report on Friday, May 15th. BTIG Research reiterated a “buy” rating and issued 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. 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 report on Monday, April 6th. Finally, Bank of America decreased their price objective on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $230.83.

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.