5,443 Shares in Boot Barn Holdings, Inc. $BOOT Purchased by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC purchased a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,443 shares of the company’s stock, valued at approximately $894,000.

A number of other large investors have also added to or reduced their stakes in the stock. Proficio Capital Partners LLC bought a new stake in Boot Barn in the second quarter worth about $311,000. Bank of America Corp DE purchased a new position in Boot Barn in the second quarter valued at about $43,720,000. Freestone Grove Partners LP bought a new position in shares of Boot Barn during the 2nd quarter valued at approximately $211,000. Man Group plc bought a new position in shares of Boot Barn during the 2nd quarter valued at approximately $7,467,000. Finally, Jupiter Topco LLC purchased a new stake in shares of Boot Barn during the 2nd quarter worth approximately $34,389,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Zacks Research raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Bank of America reduced their price objective on Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a report on Friday, May 15th. Stephens raised their target price on Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Piper Sandler lowered their target price on Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. Finally, TD Cowen dropped their price target on Boot Barn from $225.00 to $190.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. One research 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $219.55.

Boot Barn Trading Down 0.1%

Shares of BOOT stock opened at $155.41 on Friday. The firm’s 50 day moving average is $160.34 and its 200 day moving average is $164.51. The stock has a market capitalization of $4.71 billion, a P/E ratio of 19.67, a PEG ratio of 1.00 and a beta of 1.71. Boot Barn Holdings, Inc. has a 12 month low of $133.18 and a 12 month high of $210.25.

Boot Barn (NYSE:BOOT) last issued its earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.60. The business had revenue of $593.51 million for the quarter, compared to analysts’ expectations of $583.15 million. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. On average, equities analysts predict that Boot Barn Holdings, Inc. will post 9.18 EPS for the current year.

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.