First Citizens Bank & Trust Co. Makes New Investment in Boot Barn Holdings, Inc. $BOOT

First Citizens Bank & Trust Co. purchased a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 4,380 shares of the company’s stock, valued at approximately $666,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BOOT. Stephens Investment Management Group LLC increased its position in Boot Barn by 13.4% during the second quarter. Stephens Investment Management Group LLC now owns 528,103 shares of the company’s stock valued at $80,272,000 after acquiring an additional 62,316 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Boot Barn by 3.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 51,755 shares of the company’s stock valued at $7,867,000 after purchasing an additional 1,666 shares during the last quarter. Whittier Trust Co. lifted its stake in shares of Boot Barn by 2.6% in the 2nd quarter. Whittier Trust Co. now owns 102,538 shares of the company’s stock worth $15,586,000 after purchasing an additional 2,613 shares during the period. Koshinski Asset Management Inc. purchased a new position in shares of Boot Barn in the second quarter worth approximately $222,000. Finally, Broad Peak Investment Advisers Pte Ltd purchased a new stake in Boot Barn during the second quarter valued at approximately $8,181,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Boot Barn from $207.00 to $247.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Boot Barn in a research report on Friday. Jefferies Financial Group lowered Boot Barn from a “buy” rating to a “hold” rating and cut their price target for the company from $187.00 to $175.00 in a report on Wednesday, July 23rd. KeyCorp raised their price objective on Boot Barn from $195.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, BTIG Research boosted their price objective on Boot Barn from $200.00 to $218.00 and gave the company a “buy” rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.54.

Boot Barn Stock Performance

Shares of BOOT stock opened at $197.04 on Friday. The stock has a fifty day simple moving average of $177.21 and a two-hundred day simple moving average of $157.90. The firm has a market capitalization of $6.02 billion, a PE ratio of 31.08, a PEG ratio of 1.98 and a beta of 1.61. Boot Barn Holdings, Inc. has a 52-week low of $86.17 and a 52-week high of $199.50.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.19. The firm had revenue of $504.07 million during the quarter, compared to analyst estimates of $489.49 million. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.The business’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 earnings per share. 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, sell-side analysts forecast 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.