Caxton Associates LLP Takes Position in Boot Barn Holdings, Inc. $BOOT

Caxton Associates LLP purchased a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 14,246 shares of the company’s stock, valued at approximately $2,085,000.

Other institutional investors have also added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new stake in Boot Barn in the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Boot Barn during the 3rd quarter worth approximately $49,000. Danske Bank A S boosted its stake in shares of Boot Barn by 200.0% in the 4th quarter. Danske Bank A S now owns 300 shares of the company’s stock worth $53,000 after buying an additional 200 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Boot Barn by 284.1% in the fourth quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock valued at $60,000 after acquiring an additional 250 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new position in shares of Boot Barn in the third quarter valued at approximately $60,000.

Boot Barn Stock Up 1.5%

NYSE BOOT opened at $150.04 on Friday. The company has a market cap of $4.55 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 1.03 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. The firm’s 50-day simple moving average is $162.04 and its two-hundred day simple moving average is $169.44.

Boot Barn (NYSE:BOOT) last posted its earnings results on Thursday, May 14th. The company reported $1.45 earnings per share 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 firm had revenue of $538.75 million during the quarter, compared to the consensus estimate of $531.43 million. During the same quarter last year, the company earned $1.22 earnings per share. The company’s revenue 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. As a group, equities research analysts anticipate that Boot Barn Holdings, Inc. will post 8.56 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on BOOT. Robert W. Baird dropped their price target on Boot Barn from $244.00 to $225.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Jefferies Financial Group upgraded Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price objective for the company in a research note on Monday, April 6th. Bank of America decreased their target price on Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a research report on Friday, May 15th. UBS Group set a $225.00 target price on Boot Barn in a research note on Wednesday, June 17th. Finally, BTIG Research reissued a “buy” rating and issued a $235.00 price target on shares of Boot Barn in a report on Friday, May 15th. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $226.92.

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.