TimesSquare Capital Management LLC Lowers Holdings in Boot Barn Holdings, Inc. $BOOT

TimesSquare Capital Management LLC trimmed its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 37.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 108,849 shares of the company’s stock after selling 66,046 shares during the quarter. TimesSquare Capital Management LLC owned 0.36% of Boot Barn worth $19,209,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in BOOT. Royal Bank of Canada boosted its holdings in Boot Barn by 50.3% in the first quarter. Royal Bank of Canada now owns 34,676 shares of the company’s stock valued at $3,725,000 after purchasing an additional 11,598 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Boot Barn by 198.0% in the first quarter. AQR Capital Management LLC now owns 8,906 shares of the company’s stock valued at $957,000 after purchasing an additional 5,917 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Boot Barn by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company’s stock valued at $1,894,000 after purchasing an additional 779 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Boot Barn by 23.6% in the first quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company’s stock valued at $34,771,000 after purchasing an additional 61,719 shares during the last quarter. Finally, United Services Automobile Association purchased a new stake in Boot Barn in the first quarter valued at $209,000.

Analyst Ratings Changes

BOOT has been the topic of several recent research reports. Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. UBS Group upped their price target on shares of Boot Barn from $270.00 to $272.00 and gave the company a “buy” rating in a report on Friday. Jefferies Financial Group raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price target on the stock in a report on Monday, April 6th. Stephens raised shares of Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 target price on the stock in a research note on Friday, February 6th. Finally, Piper Sandler lowered their target price on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a research note on Friday. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $230.83.

Boot Barn Stock Up 0.4%

BOOT stock opened at $141.70 on Wednesday. The company’s 50-day simple moving average is $157.23 and its 200-day simple moving average is $178.06. Boot Barn Holdings, Inc. has a 52-week low of $133.18 and a 52-week high of $210.25. The firm has a market cap of $4.30 billion, a P/E ratio of 19.28, a PEG ratio of 0.99 and a beta of 1.73.

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, topping the consensus estimate of $1.43 by $0.02. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The business had revenue of $538.75 million for the quarter, compared to analyst estimates of $531.44 million. During the same period in the prior year, the company posted $1.22 EPS. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. 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, analysts anticipate that Boot Barn Holdings, Inc. will post 8.54 earnings per share for the current fiscal 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.