Fieldview Capital Management LLC Grows Stake in Boot Barn Holdings, Inc. $BOOT

Fieldview Capital Management LLC grew its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 32.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,299 shares of the company’s stock after purchasing an additional 5,665 shares during the quarter. 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 owned about 0.08% of Boot Barn worth $4,112,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp grew its holdings in shares of Boot Barn by 0.6% during the fourth quarter. State Street Corp now owns 1,176,193 shares of the company’s stock valued at $207,563,000 after buying an additional 7,410 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Boot Barn by 46.3% during the third 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. Goldman Sachs Group Inc. grew its holdings in shares of Boot Barn by 38.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 723,309 shares of the company’s stock valued at $127,642,000 after buying an additional 200,971 shares during the last quarter. Congress Asset Management Co. grew its holdings in shares of Boot Barn by 11.1% during the fourth quarter. Congress Asset Management Co. now owns 622,413 shares of the company’s stock valued at $109,837,000 after buying an additional 62,350 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Boot Barn by 24.2% during the third quarter. Ameriprise Financial Inc. now owns 579,680 shares of the company’s stock valued at $96,065,000 after buying an additional 112,918 shares during the last quarter.

Analysts Set New Price Targets

BOOT has been the topic of a number of research analyst reports. Bank of America dropped their price objective on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Weiss Ratings lowered shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Robert W. Baird dropped their price objective on shares of Boot Barn from $244.00 to $225.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. UBS Group boosted their price objective on shares of Boot Barn from $270.00 to $272.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Citigroup reissued a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Boot Barn has an average rating of “Moderate Buy” and a consensus price target of $230.83.

Boot Barn Price Performance

NYSE BOOT opened at $170.48 on Friday. The company has a market capitalization of $5.17 billion, a PE ratio of 23.19, a P/E/G ratio of 1.20 and a beta of 1.70. The company has a fifty day moving average of $159.63 and a 200 day moving average of $175.99. Boot Barn Holdings, Inc. has a 1 year low of $133.18 and a 1 year high of $210.25.

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

About Boot Barn

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.