Summit Creek Advisors LLC Sells 16,836 Shares of Boot Barn Holdings, Inc. $BOOT

Summit Creek Advisors LLC lowered its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 16.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,534 shares of the company’s stock after selling 16,836 shares during the period. Boot Barn comprises about 2.3% of Summit Creek Advisors LLC’s portfolio, making the stock its 16th largest holding. Summit Creek Advisors LLC’s holdings in Boot Barn were worth $14,741,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its position in Boot Barn by 164.4% in the third quarter. Parkside Financial Bank & Trust now owns 193 shares of the company’s stock valued at $32,000 after purchasing an additional 120 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Boot Barn in the third quarter valued at $49,000. Danske Bank A S grew its position in Boot Barn by 200.0% in 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. Johnson Financial Group Inc. bought a new position in Boot Barn in the third quarter valued at $60,000. Finally, Farther Finance Advisors LLC grew its position in Boot Barn by 20.7% in the fourth quarter. Farther Finance Advisors LLC now owns 496 shares of the company’s stock valued at $88,000 after purchasing an additional 85 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BOOT shares. Weiss Ratings downgraded shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Piper Sandler cut their price target on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. BTIG Research reiterated a “buy” rating and issued a $235.00 price target on shares of Boot Barn 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 research note on Thursday, March 12th. Finally, Jefferies Financial Group upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a research note on Monday, April 6th. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Boot Barn currently has a consensus rating of “Moderate Buy” and a consensus price target of $230.83.

Boot Barn Price Performance

Shares of BOOT stock opened at $141.85 on Thursday. The stock has a market cap of $4.30 billion, a P/E ratio of 19.30, a P/E/G ratio of 0.99 and a beta of 1.73. The company has a fifty day moving average price of $156.59 and a two-hundred day moving average price of $177.74. Boot Barn Holdings, Inc. has a one year low of $133.18 and a one year high of $210.25.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Thursday, May 14th. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02. The firm had revenue of $538.75 million during the quarter, compared to analysts’ expectations of $531.44 million. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter last year, the company posted $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 anticipate that Boot Barn Holdings, Inc. will post 8.54 EPS for the current fiscal year.

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.