Citigroup Inc. Has $3.03 Million Stock Holdings in Boot Barn Holdings, Inc. $BOOT

Citigroup Inc. lowered its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 40.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,291 shares of the company’s stock after selling 12,681 shares during the quarter. Citigroup Inc. owned about 0.06% of Boot Barn worth $3,031,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BOOT. Principal Financial Group Inc. lifted its position in Boot Barn by 132.4% during the third quarter. Principal Financial Group Inc. now owns 352,816 shares of the company’s stock worth $58,469,000 after purchasing an additional 201,026 shares during the period. Federated Hermes Inc. acquired a new position in shares of Boot Barn in the 3rd quarter valued at approximately $13,407,000. GatePass Capital LLC bought a new stake in shares of Boot Barn during the 3rd quarter worth approximately $1,662,000. Fisher Asset Management LLC boosted its position in shares of Boot Barn by 4,784.7% during the 2nd quarter. Fisher Asset Management LLC now owns 165,494 shares of the company’s stock worth $25,155,000 after acquiring an additional 162,106 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in Boot Barn by 6.8% in the second quarter. Prudential Financial Inc. now owns 31,971 shares of the company’s stock valued at $4,860,000 after acquiring an additional 2,044 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Stephens upgraded Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 target price for the company in a research note on Friday, February 6th. Piper Sandler upped their price objective on Boot Barn from $229.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. The Goldman Sachs Group initiated coverage on Boot Barn in a research note on Thursday, December 11th. They issued a “buy” rating and a $225.00 price objective on the stock. Citigroup boosted their target price on Boot Barn from $230.00 to $232.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Finally, Jefferies Financial Group raised their price target on shares of Boot Barn from $180.00 to $195.00 and gave the company a “hold” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $217.00.

Boot Barn Trading Up 0.4%

NYSE:BOOT opened at $185.03 on Friday. The stock’s 50-day moving average is $189.06 and its 200-day moving average is $185.41. Boot Barn Holdings, Inc. has a 1-year low of $86.17 and a 1-year high of $210.25. The stock has a market cap of $5.63 billion, a P/E ratio of 25.99, a price-to-earnings-growth ratio of 1.31 and a beta of 1.66.

Boot Barn (NYSE:BOOT) last posted its earnings results on Wednesday, February 4th. The company reported $2.79 EPS for the quarter, hitting the consensus estimate of $2.79. Boot Barn had a net margin of 10.10% and a return on equity of 18.28%. The business had revenue of $705.64 million for the quarter, compared to the consensus estimate of $700.71 million. During the same period last year, the company earned $2.43 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. Boot Barn has set its FY 2026 guidance at 7.250-7.350 EPS and its Q4 2026 guidance at 1.350-1.450 EPS. As a group, equities analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Boot Barn 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.