Boot Barn Holdings, Inc. $BOOT Holdings Trimmed by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 15.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,879 shares of the company’s stock after selling 9,732 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.18% of Boot Barn worth $8,851,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Boot Barn in the second quarter worth about $840,629,000. Price T Rowe Associates Inc. MD grew its position in shares of Boot Barn by 83.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,103,441 shares of the company’s stock valued at $194,725,000 after purchasing an additional 502,275 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Boot Barn by 2,547.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company’s stock worth $78,086,000 after purchasing an additional 453,396 shares during the last quarter. Bank of America Corp DE boosted its stake in Boot Barn by 114.6% during the 1st quarter. Bank of America Corp DE now owns 655,374 shares of the company’s stock valued at $95,921,000 after purchasing an additional 349,985 shares during the period. Finally, Invesco Ltd. grew its holdings in Boot Barn by 46.3% in the 3rd quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock valued at $152,033,000 after buying an additional 290,493 shares during the last quarter.

Analyst Upgrades and Downgrades

BOOT has been the subject of several research reports. BTIG Research reduced their price objective on Boot Barn from $235.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Piper Sandler reduced their price target on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a report on Friday, May 15th. TD Cowen dropped their price objective on shares of Boot Barn from $225.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Stephens increased their target price on shares of Boot Barn from $196.00 to $207.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Finally, Zacks Research upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Boot Barn currently has a consensus rating of “Buy” and a consensus target price of $219.55.

Boot Barn Stock Up 0.2%

Shares of BOOT opened at $154.67 on Tuesday. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 0.99 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. The company has a 50-day moving average price of $157.52 and a two-hundred day moving average price of $162.55.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Wednesday, July 29th. The company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.60. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.The company had revenue of $593.51 million for the quarter, compared to the consensus estimate of $583.15 million. During the same period in the previous year, the business earned $1.74 earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. Boot Barn has set its FY 2027 guidance at 8.800-9.230 EPS and its Q2 2027 guidance at 1.550-1.650 EPS. Equities research analysts expect that Boot Barn Holdings, Inc. will post 9.18 EPS for the current fiscal year.

Boot Barn Company 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.