Landscape Capital Management L.L.C. Sells 25,710 Shares of Boot Barn Holdings, Inc. $BOOT

by · The Markets Daily

Landscape Capital Management L.L.C. lessened its stake in Boot Barn Holdings, Inc. (NYSE:BOOT – Free Report) by 61.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,178 shares of the company’s stock after selling 25,710 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Boot Barn were worth $2,855,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its position in Boot Barn by 7.2% in the 4th quarter. IFP Advisors Inc now owns 942 shares of the company’s stock valued at $166,000 after acquiring an additional 63 shares in the last quarter. Koshinski Asset Management Inc. increased its position in Boot Barn by 5.3% in the 3rd quarter. Koshinski Asset Management Inc. now owns 1,538 shares of the company’s stock valued at $255,000 after acquiring an additional 78 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Boot Barn by 9.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 928 shares of the company’s stock valued at $154,000 after acquiring an additional 80 shares in the last quarter. GAMMA Investing LLC increased its position in Boot Barn by 5.6% in the 4th quarter. GAMMA Investing LLC now owns 1,505 shares of the company’s stock valued at $266,000 after acquiring an additional 80 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in Boot Barn by 20.7% in the 4th quarter. Farther Finance Advisors LLC now owns 496 shares of the company’s stock valued at $88,000 after acquiring an additional 85 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have weighed in on BOOT shares. UBS Group raised their price objective on shares of Boot Barn from $270.00 to $272.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Weiss Ratings cut shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. BTIG Research restated a “buy” rating and issued a $235.00 price objective on shares of Boot Barn in a research report on Friday, May 15th. Zacks Research cut shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research report 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 objective for the company in a research report on Monday, April 6th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Boot Barn currently has an average rating of “Moderate Buy” and an average price target of $230.83.

Read Our Latest Report on BOOT

Boot Barn Stock Performance

Shares of Boot Barn stock opened at $170.48 on Monday. The firm has a fifty day moving average of $159.63 and a two-hundred day moving average of $175.93. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 1.20 and a beta of 1.70. Boot Barn Holdings, Inc. has a 52 week low of $133.18 and a 52 week high of $210.25.

Boot Barn (NYSE:BOOT – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.The company had revenue of $538.75 million for the quarter, compared to the consensus estimate of $531.44 million. During the same quarter in the prior year, the business posted $1.22 EPS. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. 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, research analysts forecast that Boot Barn Holdings, Inc. will post 8.54 EPS for the current fiscal year.

Boot Barn Profile

(Free Report)

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.

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