53,825 Shares in Boot Barn Holdings, Inc. $BOOT Bought by Broad Peak Investment Advisers Pte Ltd

Broad Peak Investment Advisers Pte Ltd purchased a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) during the 2nd quarter, Holdings Channel reports. The firm purchased 53,825 shares of the company’s stock, valued at approximately $8,181,000. Boot Barn makes up about 2.6% of Broad Peak Investment Advisers Pte Ltd’s portfolio, making the stock its 8th biggest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Verdence Capital Advisors LLC increased its stake in Boot Barn by 3.4% in the 2nd quarter. Verdence Capital Advisors LLC now owns 2,270 shares of the company’s stock valued at $345,000 after buying an additional 74 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Boot Barn by 54.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,250 shares of the company’s stock valued at $1,102,000 after buying an additional 2,554 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Boot Barn in the 2nd quarter valued at $239,000. Yousif Capital Management LLC increased its stake in Boot Barn by 1.8% in the 2nd quarter. Yousif Capital Management LLC now owns 11,509 shares of the company’s stock valued at $1,749,000 after buying an additional 209 shares during the last quarter. Finally, CWM LLC increased its stake in Boot Barn by 368.7% in the 2nd quarter. CWM LLC now owns 1,214 shares of the company’s stock valued at $185,000 after buying an additional 955 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BOOT shares. KeyCorp lifted their price target on shares of Boot Barn from $195.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Cowen reaffirmed a “buy” rating on shares of Boot Barn in a report on Monday, July 28th. BTIG Research lifted their target price on shares of Boot Barn from $200.00 to $218.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Jefferies Financial Group downgraded shares of Boot Barn from a “buy” rating to a “hold” rating and reduced their target price for the stock from $187.00 to $175.00 in a report on Wednesday, July 23rd. Finally, Piper Sandler boosted their price objective on shares of Boot Barn from $184.00 to $185.00 and gave the company 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 three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.54.

Boot Barn Trading Up 8.2%

Shares of NYSE:BOOT opened at $177.30 on Tuesday. The firm has a 50 day moving average of $173.17 and a 200-day moving average of $152.77. The stock has a market capitalization of $5.42 billion, a PE ratio of 27.97, a PEG ratio of 1.65 and a beta of 1.61. Boot Barn Holdings, Inc. has a 12 month low of $86.17 and a 12 month high of $191.31.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.19. The business had revenue of $504.07 million during the quarter, compared to analysts’ expectations of $489.49 million. Boot Barn had a net margin of 9.81% and a return on equity of 17.73%. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 EPS. 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, research analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Boot Barn Profile

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.