Boot Barn Holdings, Inc. $BOOT Shares Sold by Whittier Trust Co.

Whittier Trust Co. trimmed its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 11.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 92,768 shares of the company’s stock after selling 11,563 shares during the quarter. Whittier Trust Co.’s holdings in Boot Barn were worth $13,825,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of BOOT. Price T Rowe Associates Inc. MD grew its position in shares of Boot Barn by 83.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,103,441 shares of the company’s stock worth $194,725,000 after acquiring an additional 502,275 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in Boot Barn by 2,547.7% in the 3rd quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company’s stock valued at $78,086,000 after purchasing an additional 453,396 shares during the last quarter. Invesco Ltd. lifted its position 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 purchasing an additional 290,493 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Boot Barn by 38.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 723,309 shares of the company’s stock valued at $127,642,000 after purchasing an additional 200,971 shares during the period. Finally, Wedge Capital Management L L P NC acquired a new position in Boot Barn during the 4th quarter valued at about $31,113,000.

Boot Barn Stock Up 0.2%

Shares of BOOT opened at $158.03 on Monday. The firm has a 50-day moving average price of $163.78 and a 200 day moving average price of $172.72. The firm has a market capitalization of $4.80 billion, a PE ratio of 21.50, a P/E/G ratio of 1.10 and a beta of 1.69. Boot Barn Holdings, Inc. has a 52-week low of $133.18 and a 52-week high of $210.25.

Boot Barn (NYSE:BOOT) last released its 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 firm had revenue of $538.75 million for the quarter, compared to analysts’ expectations of $531.43 million. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. Boot Barn’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the company 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. On average, equities analysts expect that Boot Barn Holdings, Inc. will post 8.55 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BOOT shares. BTIG Research restated a “buy” rating and issued a $235.00 price target on shares of Boot Barn in a research note on Friday, May 15th. Zacks Research downgraded Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. Piper Sandler decreased their price objective on 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 lowered their target price on Boot Barn from $244.00 to $225.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Finally, Jefferies Financial Group raised Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a research note on Monday, April 6th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and a consensus target price of $226.92.

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.