Man Group plc purchased a new position in Boot Barn Holdings, Inc. (NYSE:BOOT – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,456 shares of the company’s stock, valued at approximately $7,467,000. Man Group plc owned approximately 0.15% of Boot Barn as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in BOOT. IFP Advisors Inc boosted its stake in Boot Barn by 7.2% during the 4th quarter. IFP Advisors Inc now owns 942 shares of the company’s stock valued at $166,000 after purchasing an additional 63 shares during the last quarter. Cynosure Group LLC raised its stake in shares of Boot Barn by 3.3% in the fourth quarter. Cynosure Group LLC now owns 2,435 shares of the company’s stock worth $430,000 after purchasing an additional 78 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Boot Barn by 20.7% in the fourth quarter. Farther Finance Advisors LLC now owns 496 shares of the company’s stock worth $88,000 after purchasing an additional 85 shares during the last quarter. State of Wisconsin Investment Board lifted its holdings in shares of Boot Barn by 0.3% in the fourth quarter. State of Wisconsin Investment Board now owns 33,374 shares of the company’s stock valued at $5,890,000 after purchasing an additional 89 shares in the last quarter. Finally, MML Investors Services LLC lifted its holdings in shares of Boot Barn by 2.2% in the second quarter. MML Investors Services LLC now owns 4,262 shares of the company’s stock valued at $648,000 after purchasing an additional 93 shares in the last quarter.
Wall Street Analyst Weigh In
BOOT has been the topic of several analyst reports. Stephens boosted their price target on shares of Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. TD Cowen dropped their target price on shares of Boot Barn from $225.00 to $190.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Piper Sandler cut their target price on Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. Zacks Research raised Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Finally, Bank of America decreased their price target on Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $219.55.
Boot Barn Stock Down 0.1%
Shares of NYSE:BOOT opened at $155.41 on Friday. The firm has a market capitalization of $4.71 billion, a PE ratio of 19.67, a P/E/G ratio of 1.00 and a beta of 1.71. The company has a 50-day moving average price of $160.34 and a two-hundred day moving average price of $164.51. Boot Barn Holdings, Inc. has a twelve month low of $133.18 and a twelve month high of $210.25.
Boot Barn (NYSE:BOOT – Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.60. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.The firm had revenue of $593.51 million for the quarter, compared to the consensus estimate of $583.15 million. During the same quarter in the prior year, the business posted $1.74 earnings per share. The business’s quarterly revenue was up 17.7% on a year-over-year basis. Boot Barn has set its FY 2027 guidance at 8.800-9.230 EPS and its Q2 2027 guidance at 1.550-1.650 EPS. Analysts anticipate that Boot Barn Holdings, Inc. will post 9.18 earnings per share for the current fiscal year.
Boot Barn Company 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.
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