Gibbs Wealth Management Purchases 4,919 Shares of Boot Barn Holdings, Inc. $BOOT

Gibbs Wealth Management raised its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOTFree Report) by 102.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,740 shares of the company’s stock after buying an additional 4,919 shares during the quarter. Gibbs Wealth Management’s holdings in Boot Barn were worth $1,426,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Los Angeles Capital Management LLC bought a new position in shares of Boot Barn during the 4th quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in Boot Barn during the third quarter valued at approximately $49,000. Danske Bank A S boosted its stake in Boot Barn by 200.0% in the fourth quarter. Danske Bank A S now owns 300 shares of the company’s stock valued at $53,000 after acquiring an additional 200 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in Boot Barn by 284.1% in the fourth quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock worth $60,000 after purchasing an additional 250 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of Boot Barn by 702.3% during the fourth quarter. Global Retirement Partners LLC now owns 353 shares of the company’s stock worth $62,000 after purchasing an additional 309 shares in the last quarter.

Boot Barn Trading Down 1.1%

NYSE:BOOT opened at $147.81 on Friday. Boot Barn Holdings, Inc. has a 12 month low of $133.18 and a 12 month high of $210.25. The firm has a fifty day simple moving average of $161.92 and a 200-day simple moving average of $169.58. The company has a market capitalization of $4.48 billion, a P/E ratio of 20.11, a PEG ratio of 1.05 and a beta of 1.69.

Boot Barn (NYSE:BOOTGet Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02. The firm had revenue of $538.75 million for the quarter, compared to analyst estimates of $531.43 million. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.22 earnings per share. Boot Barn has set its Q1 2027 guidance at 1.620-1.710 EPS and its FY 2027 guidance at 8.210-8.640 EPS. Equities analysts forecast that Boot Barn Holdings, Inc. will post 8.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Jefferies Financial Group upgraded Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price objective for the company in a report on Monday, April 6th. Piper Sandler reduced their target price on Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a research report on Monday, May 4th. BTIG Research reiterated a “buy” rating and issued a $235.00 price target on shares of Boot Barn in a research note on Friday, May 15th. Finally, Weiss Ratings downgraded Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $226.92.

View Our Latest Report on BOOT

Boot Barn Profile

(Free Report)

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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Institutional Ownership by Quarter for Boot Barn (NYSE:BOOT)

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