Added to YB: 2024-05-09
Pitch date: 2024-05-08
BOOT [bearish]
Boot Barn Holdings, Inc.
-50.73%
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 lifestyle retail chain engages in the sale of western and work-related footwear, apparel and accessories for men, women, and kids.
Market Cap
$4.9B
Pitch Price
$104.64
Price Target
51.40 (-67%)
Dividend
N/A
EV/EBITDA
10.43
P/E
22.07
EV/Sales
2.46
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)