Simplicity Wealth LLC purchased a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 3,618 shares of the company’s stock, valued at approximately $594,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada increased its stake 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 buying an additional 11,598 shares during the period. AQR Capital Management LLC lifted its stake 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 worth $957,000 after acquiring an additional 5,917 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Boot Barn by 4.6% in the first 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 in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Boot Barn by 23.6% in the first quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company’s stock valued at $34,771,000 after acquiring an additional 61,719 shares in the last quarter. Finally, United Services Automobile Association acquired a new position in shares of Boot Barn during the first quarter worth about $209,000.
Analysts Set New Price Targets
Several research analysts recently issued reports on BOOT shares. UBS Group set a $225.00 price target on shares of Boot Barn in a report on Wednesday, June 17th. Piper Sandler dropped 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 reissued a “buy” rating on shares of Boot Barn in a research note on Monday, May 4th. BTIG Research reduced their price target on Boot Barn from $235.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, Zacks Research upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $219.55.
Boot Barn Stock Up 0.3%
Shares of BOOT opened at $163.73 on Tuesday. The company has a 50-day simple moving average of $161.92 and a 200-day simple moving average of $165.82. The company has a market capitalization of $4.96 billion, a PE ratio of 20.73, a P/E/G ratio of 1.05 and a beta of 1.71. Boot Barn Holdings, Inc. has a 52-week low of $133.18 and a 52-week high of $210.25.
Boot Barn (NYSE:BOOT – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.60. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. 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 previous year, the firm earned $1.74 earnings per share. The firm’s 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. On average, research analysts anticipate that Boot Barn Holdings, Inc. will post 9.18 EPS for the current 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.
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