Added to YB: 2024-05-09
Pitch date: 2024-05-08
BOOT [bearish]
Boot Barn Holdings, Inc.
-95.63%
current return
Author Info
Spruce Point Capital Management is an activist investment manager specializing in forensic short-selling. Sign up for the newsletter.
Company Info
Boot Barn Holdings, Inc. operates specialty retail stores in the United States and internationally. The company’s specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids.
Market Cap
$5.0B
Pitch Price
$104.64
Price Target
51.40 (-75%)
Dividend
N/A
EV/EBITDA
12.78
P/E
27.77
EV/Sales
2.87
Sector
Specialty Retail
Category
N/A
Spruce Point Capital Management Announces Investment Opinion: Releases Report and Strong Sell Research Opinion on Boot Barn Holdings, Inc. (NYSE: BOOT)
BOOT: Spruce Point sees 40-50% downside to $51-$62 on concerns: CEO modified edu claim, omits key role; execs tied to scandals; outlier expansion masks competition; inventory build & markdowns; fading celeb tailwinds from Taylor Swift, Beyoncé, Yellowstone; falling new store productivity
Read full article (10 min)