Boot Barn Holdings, Inc. $BOOT Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC trimmed its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 434,412 shares of the company’s stock after selling 30,573 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Boot Barn were worth $76,661,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BOOT. Balyasny Asset Management L.P. lifted its position in 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 acquiring an additional 453,396 shares during the period. Invesco Ltd. lifted its position in Boot Barn by 46.3% during the 3rd 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. Principal Financial Group Inc. lifted its position in Boot Barn by 132.4% during the 3rd quarter. Principal Financial Group Inc. now owns 352,816 shares of the company’s stock worth $58,469,000 after acquiring an additional 201,026 shares during the period. Wedge Capital Management L L P NC acquired a new stake in Boot Barn during the 4th quarter worth approximately $31,113,000. Finally, Scopus Asset Management L.P. acquired a new stake in Boot Barn during the 3rd quarter worth approximately $21,573,000.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a research report on Monday, May 4th. Zacks Research cut Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. Jefferies Financial Group raised 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. BTIG Research reissued a “buy” rating and issued a $235.00 price target on shares of Boot Barn in a report on Friday. Finally, Weiss Ratings cut Boot Barn from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 4th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $230.83.

More Boot Barn News

Here are the key news stories impacting Boot Barn this week:

• Positive Sentiment: Boot Barn reported fiscal Q4 earnings and revenue that both topped Wall Street estimates, with EPS of $1.45 versus $1.43 expected and revenue of $538.75 million versus $531.23 million expected. Revenue rose 18.7% year over year, suggesting demand remains solid. Article source
• Positive Sentiment: The company described the period as a “record year” and continued to highlight store expansion, including an 80-store increase, which supports a longer-term growth story. Article source
• Positive Sentiment: Boot Barn’s fiscal 2027 outlook calls for $2.6 billion in revenue and EPS of $8.21 to $8.64, reinforcing management’s confidence in continued growth. Article source
• Neutral Sentiment: Several brokerages reiterated bullish ratings, but some lowered their price targets after the earnings update, including Bank of America and Robert W. Baird, indicating expectations remain constructive but have been adjusted downward. Article source
• Negative Sentiment: Boot Barn’s first-quarter fiscal 2027 EPS guidance of $1.62 to $1.71 came in below the consensus estimate of $1.94, which may be pressuring the stock despite the strong Q4 beat. Article source

Boot Barn Price Performance

BOOT opened at $143.92 on Friday. The business has a 50 day simple moving average of $158.86 and a 200-day simple moving average of $178.99. The stock has a market capitalization of $4.38 billion, a P/E ratio of 19.58, a P/E/G ratio of 0.88 and a beta of 1.73. Boot Barn Holdings, Inc. has a 12 month low of $133.18 and a 12 month high of $210.25.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Thursday, May 14th. The company reported $1.45 EPS for the quarter, beating the consensus estimate 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 return on equity of 18.52% and a net margin of 10.02%.The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period last year, the firm earned $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 EPS 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.