UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 9,732 Shares of Boot Barn Holdings, Inc. $BOOT

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 15.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,879 shares of the company’s stock after selling 9,732 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Boot Barn were worth $8,851,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BOOT. Arrowstreet Capital Limited Partnership grew its stake in Boot Barn by 361.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 48,448 shares of the company’s stock worth $7,091,000 after buying an additional 37,951 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Boot Barn by 15,768.5% in the first quarter. Fifth Third Bancorp now owns 34,276 shares of the company’s stock valued at $5,017,000 after acquiring an additional 34,060 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Boot Barn by 335.5% in the 1st quarter. Hsbc Holdings PLC now owns 14,527 shares of the company’s stock worth $2,132,000 after acquiring an additional 11,191 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of Boot Barn by 7.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 212,327 shares of the company’s stock worth $34,879,000 after acquiring an additional 15,074 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Boot Barn by 26.2% in the 1st quarter. Janus Henderson Group PLC now owns 211,066 shares of the company’s stock worth $30,894,000 after acquiring an additional 43,786 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Zacks Research raised Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Stephens boosted their price objective on Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Bank of America decreased their target price on Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Piper Sandler cut their price target on Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Finally, BTIG Research cut their price target on Boot Barn from $235.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $219.55.

Boot Barn Stock Performance

NYSE:BOOT opened at $154.67 on Tuesday. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 0.99 and a beta of 1.70. The stock’s fifty day moving average price is $157.52 and its two-hundred day moving average price is $162.55. 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 Wednesday, July 29th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $1.69 by $0.60. The company had revenue of $593.51 million during the quarter, compared to analysts’ expectations of $583.15 million. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period last year, the firm earned $1.74 EPS. Boot Barn has set its FY 2027 guidance at 8.800-9.230 EPS and its Q2 2027 guidance at 1.550-1.650 EPS. On average, equities analysts predict that Boot Barn Holdings, Inc. will post 9.18 EPS for the current fiscal year.

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.