Natixis Advisors LLC Has $3.79 Million Holdings in Boot Barn Holdings, Inc. $BOOT

Natixis Advisors LLC reduced its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 52.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,490 shares of the company’s stock after selling 23,887 shares during the quarter. Natixis Advisors LLC’s holdings in Boot Barn were worth $3,792,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new position in Boot Barn during the 3rd quarter valued at $49,000. Danske Bank A S raised its stake in Boot Barn by 200.0% during the 4th quarter. Danske Bank A S now owns 300 shares of the company’s stock valued at $53,000 after purchasing an additional 200 shares during the last quarter. Hantz Financial Services Inc. raised its stake in Boot Barn by 284.1% during the 4th quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock valued at $60,000 after purchasing an additional 250 shares during the last quarter. Global Retirement Partners LLC raised its stake in Boot Barn by 702.3% during the 4th quarter. Global Retirement Partners LLC now owns 353 shares of the company’s stock valued at $62,000 after purchasing an additional 309 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in Boot Barn in the 3rd quarter valued at $60,000.

Boot Barn Stock Performance

BOOT opened at $170.58 on Wednesday. The firm’s 50-day simple moving average is $158.02 and its 200-day simple moving average is $176.15. Boot Barn Holdings, Inc. has a twelve month low of $133.18 and a twelve month high of $210.25. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 1.14 and a beta of 1.70.

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 business had revenue of $538.75 million for the quarter, compared to analyst estimates of $531.44 million. During the same quarter in the prior year, the firm earned $1.22 EPS. The firm’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. As a group, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 8.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. TD Cowen reissued a “buy” rating and issued a $225.00 price target on shares of Boot Barn in a report on Thursday, June 4th. 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. Robert W. Baird lowered their price target on shares of Boot Barn from $244.00 to $225.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Bank of America lowered their price target on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Finally, Zacks Research lowered shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $230.83.

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.