Legal & General Group Plc purchased a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT – Free Report) in the second quarter, HoldingsChannel reports. The firm purchased 71,210 shares of the company’s stock, valued at approximately $11,698,000.
Several other large investors have also recently made changes to their positions in BOOT. Royal Bank of Canada increased its holdings in Boot Barn by 50.3% in the 1st quarter. Royal Bank of Canada now owns 34,676 shares of the company’s stock valued at $3,725,000 after purchasing an additional 11,598 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Boot Barn by 198.0% in the 1st quarter. AQR Capital Management LLC now owns 8,906 shares of the company’s stock valued at $957,000 after buying an additional 5,917 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Boot Barn by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company’s stock valued at $1,894,000 after acquiring an additional 779 shares during the period. Goldman Sachs Group Inc. increased its stake in Boot Barn by 23.6% during the first quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company’s stock worth $34,771,000 after purchasing an additional 61,719 shares during the period. Finally, United Services Automobile Association acquired a new stake in shares of Boot Barn during the first quarter worth about $209,000.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on BOOT shares. UBS Group set a $225.00 target price on shares of Boot Barn in a research note on Wednesday, June 17th. BTIG Research cut their price objective on Boot Barn from $235.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Robert W. Baird set a $212.00 price objective on Boot Barn in a research note on Thursday, July 30th. Zacks Research upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Finally, Bank of America decreased their target price on Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $219.55.
Boot Barn Stock Performance
BOOT opened at $150.46 on Tuesday. The stock has a market capitalization of $4.56 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 1.00 and a beta of 1.71. Boot Barn Holdings, Inc. has a one year low of $133.18 and a one year high of $210.25. The business’s 50-day simple moving average is $159.80 and its 200-day simple moving average is $163.92.
Boot Barn (NYSE:BOOT – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $2.29 earnings per share for the quarter, beating 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 business had revenue of $593.51 million during the quarter, compared to the consensus estimate of $583.15 million. During the same period in the prior year, the company earned $1.74 earnings per share. The company’s revenue was up 17.7% compared to the same quarter last year. 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. On average, equities research analysts forecast that Boot Barn Holdings, Inc. will post 9.18 EPS for the current fiscal year.
Boot Barn 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.
Featured Stories
- Five stocks we like better than Boot Barn
- Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season
- Insiders Are Betting Big on These 3 Healthcare Stocks
- 3 Stocks for Investors Who Still Believe Cash Is King
- Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason
Want to see what other hedge funds are holding BOOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boot Barn Holdings, Inc. (NYSE:BOOT – Free Report).
Receive News & Ratings for Boot Barn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boot Barn and related companies with MarketBeat.com's FREE daily email newsletter.
