First Trust Advisors LP Buys 18,988 Shares of Boot Barn Holdings, Inc. $BOOT

First Trust Advisors LP lifted its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 42.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,944 shares of the company’s stock after buying an additional 18,988 shares during the period. First Trust Advisors LP’s holdings in Boot Barn were worth $9,359,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Los Angeles Capital Management LLC purchased a new position in Boot Barn in the 4th quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd bought a new stake in Boot Barn in the third quarter valued at approximately $49,000. Danske Bank A S boosted its stake in shares of Boot Barn by 200.0% during the fourth quarter. Danske Bank A S now owns 300 shares of the company’s stock valued at $53,000 after purchasing an additional 200 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Boot Barn by 284.1% during the fourth quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock valued at $60,000 after purchasing an additional 250 shares during the period. Finally, Johnson Financial Group Inc. bought a new position in shares of Boot Barn in the third quarter worth approximately $60,000.

Boot Barn Stock Down 3.6%

Shares of Boot Barn stock opened at $148.89 on Friday. The company has a market cap of $4.51 billion, a PE ratio of 18.85, a P/E/G ratio of 1.01 and a beta of 1.69. The business has a 50 day moving average of $162.76 and a 200 day moving average of $168.04. Boot Barn Holdings, Inc. has a 52 week low of $133.18 and a 52 week high of $210.25.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.60. The company had revenue of $593.51 million during the quarter, compared to analyst estimates of $583.15 million. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.The firm’s revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.74 earnings per share. 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 9.2 earnings per share for the current year.

Boot Barn News Roundup

Here are the key news stories impacting Boot Barn this week:

• Positive Sentiment: Boot Barn reported fiscal Q1 earnings of $2.29 per share, well above the $1.69 analyst consensus, while revenue increased 17.7% year over year to $593.5 million and exceeded estimates. Store expansion and e-commerce momentum supported the results. Boot Barn Q1 Earnings and Revenues Top Estimates
• Positive Sentiment: Management raised its fiscal 2027 outlook, projecting approximately $2.6 billion in sales and EPS of $8.80 to $9.23. The updated EPS range includes an estimated $0.46 benefit from tariff refunds, while analysts cited store growth, digital sales and the refund as key drivers of the beat. Boot Barn Fiscal 2027 Outlook
• Neutral Sentiment: Boot Barn continues expanding its store base, including a planned location in a Gilroy, California, shopping center previously occupied by Old Navy. The expansion supports long-term revenue growth but also increases operating costs and does not immediately resolve valuation concerns. Boot Barn Gilroy Store Expansion
• Negative Sentiment: July sales have slowed, raising concerns that demand could moderate after the first-quarter beat. Reports also indicate that quarterly revenue guidance fell short of expectations, making investors less confident in the pace of growth during the next quarter. Boot Barn Beats Q1 Estimates but July Sales Slow
• Negative Sentiment: The tariff refund is a nonrecurring benefit, meaning part of the EPS outlook increase may not represent ongoing operating improvement. In addition, TD Cowen lowered its price target from $225 to $190, retaining a Buy rating but signaling reduced valuation upside and greater caution. TD Cowen Lowers Boot Barn Price Target

Analysts Set New Price Targets

Several research analysts recently commented on BOOT shares. BTIG Research decreased their target price on shares of Boot Barn from $235.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday. TD Cowen dropped their price target on shares of Boot Barn from $225.00 to $190.00 and set a “buy” rating for the company in a research report on Thursday. Jefferies Financial Group raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price target on the stock in a report on Monday, April 6th. Citigroup restated a “buy” rating on shares of Boot Barn in a research report on Monday, May 4th. Finally, Weiss Ratings raised shares of Boot Barn from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $222.27.

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.