Boot Barn Holdings, Inc. $BOOT Stake Decreased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. cut its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 14.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 45,639 shares of the company’s stock after selling 7,571 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Boot Barn were worth $6,802,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Los Angeles Capital Management LLC bought a new position in shares of Boot Barn in the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Boot Barn during the third quarter valued at $49,000. Danske Bank A S raised its stake in shares of Boot Barn by 200.0% during the fourth quarter. Danske Bank A S now owns 300 shares of the company’s stock valued at $53,000 after purchasing an additional 200 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of Boot Barn by 284.1% during the fourth quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock valued at $60,000 after purchasing an additional 250 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in Boot Barn by 702.3% in the fourth quarter. Global Retirement Partners LLC now owns 353 shares of the company’s stock worth $62,000 after purchasing an additional 309 shares during the period.

Boot Barn Price Performance

Shares of BOOT opened at $158.03 on Monday. The firm’s 50 day moving average is $163.78 and its 200-day moving average is $172.72. Boot Barn Holdings, Inc. has a 12-month low of $133.18 and a 12-month high of $210.25. The stock has a market capitalization of $4.80 billion, a P/E ratio of 21.50, a P/E/G ratio of 1.10 and a beta of 1.69.

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 business had revenue of $538.75 million during the quarter, compared to analyst estimates of $531.43 million. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The business’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the business earned $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. As a group, equities research analysts forecast that Boot Barn Holdings, Inc. will post 8.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on BOOT shares. Robert W. Baird lowered their target price on shares of Boot Barn from $244.00 to $225.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Zacks Research cut shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Bank of America lowered their price objective on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. BTIG Research restated a “buy” rating and issued a $235.00 target price on shares of Boot Barn in a research report on Friday, May 15th. Finally, Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a research note on Monday, May 4th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company 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.