GW&K Investment Management LLC Cuts Stake in Boot Barn Holdings, Inc. $BOOT

GW&K Investment Management LLC lowered its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,791 shares of the company’s stock after selling 3,202 shares during the period. GW&K Investment Management LLC’s holdings in Boot Barn were worth $28,022,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of BOOT. Balyasny Asset Management L.P. increased its stake in shares of Boot Barn by 2,547.7% during the third quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company’s stock worth $78,086,000 after purchasing an additional 453,396 shares in the last quarter. Invesco Ltd. increased its stake in shares of Boot Barn by 46.3% during the third quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock worth $152,033,000 after purchasing an additional 290,493 shares in the last quarter. Goldman Sachs Group Inc. increased its stake 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 worth $127,642,000 after purchasing an additional 200,971 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of Boot Barn during the fourth quarter worth about $31,113,000. Finally, Scopus Asset Management L.P. purchased a new stake in shares of Boot Barn during the third quarter worth about $21,573,000.

Boot Barn Stock Down 3.1%

NYSE BOOT opened at $165.56 on Thursday. Boot Barn Holdings, Inc. has a 52 week low of $133.18 and a 52 week high of $210.25. The business’s fifty day simple moving average is $158.53 and its 200-day simple moving average is $176.10. The firm has a market cap of $5.02 billion, a PE ratio of 22.52, a P/E/G ratio of 1.20 and a beta of 1.70.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Thursday, May 14th. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.43 by $0.02. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.The business had revenue of $538.75 million for the quarter, compared to analyst estimates of $531.44 million. During the same quarter in the previous year, the firm earned $1.22 EPS. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. 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 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on BOOT. Robert W. Baird decreased their price objective 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 on the stock in a report on Monday, April 6th. BTIG Research restated a “buy” rating and issued a $235.00 price objective on shares of Boot Barn in a report on Friday, May 15th. Bank of America decreased their price objective on Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Finally, Piper Sandler decreased their price objective on Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a report on Friday, May 15th. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $230.83.

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.