Squarepoint Ops LLC Grows Holdings in Boot Barn Holdings, Inc. $BOOT

Squarepoint Ops LLC increased its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 21.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 578,318 shares of the company’s stock after buying an additional 102,857 shares during the period. Squarepoint Ops LLC owned about 1.90% of Boot Barn worth $102,056,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alliance Wealth Advisors LLC UT acquired a new position in Boot Barn during the 3rd quarter worth $607,000. Principal Financial Group Inc. grew its holdings in Boot Barn by 11.4% during the 4th quarter. Principal Financial Group Inc. now owns 393,098 shares of the company’s stock worth $69,370,000 after acquiring an additional 40,282 shares in the last quarter. UBS Group AG grew its holdings in Boot Barn by 16.4% during the 4th quarter. UBS Group AG now owns 172,380 shares of the company’s stock worth $30,420,000 after acquiring an additional 24,229 shares in the last quarter. Asset Management One Co. Ltd. acquired a new position in Boot Barn during the 4th quarter worth $2,644,000. Finally, Comerica Bank grew its holdings in Boot Barn by 71.5% during the 4th quarter. Comerica Bank now owns 34,439 shares of the company’s stock worth $6,077,000 after acquiring an additional 14,354 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. UBS Group raised their price objective on shares of Boot Barn from $270.00 to $272.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Zacks Research lowered shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Piper Sandler decreased their price objective 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. 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 report on Friday, May 15th. Finally, TD Cowen reissued a “buy” rating and set a $225.00 price objective on shares of Boot Barn in a report on Thursday, June 4th. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $230.83.

Boot Barn Stock Down 3.0%

BOOT opened at $165.57 on Tuesday. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 1.20 and a beta of 1.70. Boot Barn Holdings, Inc. has a fifty-two week low of $133.18 and a fifty-two week high of $210.25. The company’s 50-day moving average price is $160.24 and its 200 day moving average price is $175.71.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Thursday, May 14th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.02. The business had revenue of $538.75 million for 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 business’s revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the business posted $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. Research analysts anticipate that Boot Barn Holdings, Inc. will post 8.54 earnings per share for the current 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.