4D Advisors LLC Decreases Position in Boot Barn Holdings, Inc. $BOOT

Key Points

• 4D Advisors LLC has reduced its stake in Boot Barn Holdings, Inc. by 42.9%, now owning 20,000 shares after selling 15,000 shares during the first quarter.
• Boot Barn's latest quarterly earnings surpassed expectations, reporting $1.74 EPS against a consensus estimate of $1.55 EPS, with revenues of $504.07 million.
• Analysts are optimistic about Boot Barn's future, as several firms, including Piper Sandler and Citigroup, have recently raised their price targets, with an average target price of $182.54.

4D Advisors LLC lowered its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 42.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,000 shares of the company's stock after selling 15,000 shares during the period. Boot Barn accounts for approximately 1.7% of 4D Advisors LLC's portfolio, making the stock its 24th biggest holding. 4D Advisors LLC owned 0.07% of Boot Barn worth $2,149,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in BOOT. Cetera Investment Advisers lifted its holdings in Boot Barn by 1.0% in the 4th quarter. Cetera Investment Advisers now owns 8,179 shares of the company's stock valued at $1,242,000 after purchasing an additional 83 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of Boot Barn by 5.7% during the first quarter. Park Avenue Securities LLC now owns 1,963 shares of the company's stock valued at $211,000 after buying an additional 105 shares during the period. Xponance Inc. boosted its position in Boot Barn by 5.5% during the first quarter. Xponance Inc. now owns 2,292 shares of the company's stock worth $246,000 after acquiring an additional 120 shares during the last quarter. Intrust Bank NA boosted its position in Boot Barn by 3.4% during the first quarter. Intrust Bank NA now owns 4,702 shares of the company's stock worth $505,000 after acquiring an additional 153 shares during the last quarter. Finally, Rafferty Asset Management LLC grew its stake in Boot Barn by 6.1% in the 1st quarter. Rafferty Asset Management LLC now owns 3,013 shares of the company's stock worth $324,000 after acquiring an additional 174 shares during the period.

Analyst Upgrades and Downgrades

BOOT has been the topic of a number of recent analyst reports. Jefferies Financial Group lowered Boot Barn from a "buy" rating to a "hold" rating and reduced their price target for the stock from $187.00 to $175.00 in a research note on Wednesday, July 23rd. Cowen reiterated a "buy" rating on shares of Boot Barn in a research report on Monday, July 28th. Robert W. Baird raised their price target on Boot Barn from $140.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Citigroup upped their price objective on shares of Boot Barn from $137.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Piper Sandler increased their price objective on shares of Boot Barn from $184.00 to $185.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $182.54.

Boot Barn Price Performance

BOOT stock traded down $7.90 during trading on Friday, reaching $182.98. 545,014 shares of the stock traded hands, compared to its average volume of 477,619. The firm has a market capitalization of $5.59 billion, a PE ratio of 28.86, a P/E/G ratio of 1.85 and a beta of 1.62. The business's 50 day moving average price is $170.56 and its 200-day moving average price is $141.32. Boot Barn Holdings, Inc. has a 52-week low of $86.17 and a 52-week high of $191.31.

Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.19. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.The business had revenue of $504.07 million for the quarter, compared to analyst estimates of $489.49 million. During the same period in the previous year, the company posted $1.26 EPS. The company's revenue was up 19.1% compared to the same quarter last year. Boot Barn has set its Q2 2026 guidance at 1.190-1.270 EPS. FY 2026 guidance at 5.800-6.700 EPS. On average, equities research analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Boot Barn announced that its board has initiated a stock repurchase program on Wednesday, May 14th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to purchase up to 4.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

About Boot Barn

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.