Oliver Luxxe Assets LLC Buys Shares of 12,135 Boot Barn Holdings, Inc. $BOOT

Oliver Luxxe Assets LLC bought a new position in Boot Barn Holdings, Inc. (NYSE:BOOTFree Report) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 12,135 shares of the company’s stock, valued at approximately $1,993,000.

Several other institutional investors have also modified their holdings of the stock. Royal Bank of Canada raised its stake in Boot Barn by 50.3% during the first quarter. Royal Bank of Canada now owns 34,676 shares of the company’s stock worth $3,725,000 after purchasing an additional 11,598 shares during the period. AQR Capital Management LLC raised its position in shares of Boot Barn by 198.0% during 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. raised its position in shares of 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 buying an additional 779 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Boot Barn by 23.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company’s stock valued at $34,771,000 after buying an additional 61,719 shares during the period. Finally, United Services Automobile Association acquired a new position in Boot Barn in the first quarter valued at approximately $209,000.

Boot Barn Stock Performance

NYSE:BOOT opened at $163.38 on Friday. The stock has a market capitalization of $4.95 billion, a P/E ratio of 20.68, a PEG ratio of 1.05 and a beta of 1.71. The company has a 50 day moving average price of $162.47 and a 200 day moving average price of $166.99. Boot Barn Holdings, Inc. has a fifty-two week low of $133.18 and a fifty-two week high of $210.25.

Boot Barn (NYSE:BOOTGet Free Report) last posted its earnings results 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. The firm had revenue of $593.51 million during the quarter, compared to the consensus estimate of $583.15 million. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.74 EPS. 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. Research analysts forecast that Boot Barn Holdings, Inc. will post 9.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on BOOT shares. Robert W. Baird set a $212.00 target price on Boot Barn in a research note on Thursday, July 30th. BTIG Research decreased their price target on Boot Barn from $235.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Zacks Research raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Piper Sandler lowered their price target on Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Finally, Weiss Ratings raised Boot Barn from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $222.27.

Check Out Our Latest Stock Analysis 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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