Hsbc Holdings PLC Makes New $3.85 Million Investment in Boot Barn Holdings, Inc. $BOOT

Hsbc Holdings PLC bought a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 23,534 shares of the company’s stock, valued at approximately $3,855,000.

Other large investors also recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in Boot Barn by 50.3% during the 1st quarter. Royal Bank of Canada now owns 34,676 shares of the company’s stock worth $3,725,000 after purchasing an additional 11,598 shares during the last quarter. AQR Capital Management LLC grew its holdings in Boot Barn by 198.0% in the 1st quarter. AQR Capital Management LLC now owns 8,906 shares of the company’s stock valued at $957,000 after buying an additional 5,917 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Boot Barn by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company’s stock worth $1,894,000 after buying an additional 779 shares during the period. Goldman Sachs Group Inc. increased its position in Boot Barn by 23.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company’s stock worth $34,771,000 after buying an additional 61,719 shares during the period. Finally, United Services Automobile Association acquired a new stake in shares of Boot Barn during the first quarter worth $209,000.

Boot Barn Stock Down 0.1%

BOOT stock opened at $155.41 on Friday. Boot Barn Holdings, Inc. has a 12 month low of $133.18 and a 12 month high of $210.25. The firm has a market cap of $4.71 billion, a P/E ratio of 19.67, a P/E/G ratio of 1.00 and a beta of 1.71. The company’s 50-day moving average price is $160.34 and its two-hundred day moving average price is $164.51.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.60. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. The company had revenue of $593.51 million during the quarter, compared to the consensus estimate of $583.15 million. During the same quarter in the prior year, the firm posted $1.74 EPS. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. 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. Equities analysts predict that Boot Barn Holdings, Inc. will post 9.18 EPS for the current year.

Wall Street Analysts Forecast Growth

BOOT has been the subject of a number of recent research reports. Piper Sandler reduced their target price on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Weiss Ratings downgraded shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 18th. UBS Group set a $225.00 target price on shares of Boot Barn in a research report on Wednesday, June 17th. Citigroup reiterated a “buy” rating on shares of Boot Barn in a research note on Monday, May 4th. Finally, BTIG Research lowered their price objective on Boot Barn from $235.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $219.55.

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.