Jupiter Topco LLC Makes New $34.39 Million Investment in Boot Barn Holdings, Inc. $BOOT

Jupiter Topco LLC acquired a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) during the 2nd quarter, Holdings Channel reports. The fund acquired 209,319 shares of the company’s stock, valued at approximately $34,389,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Boot Barn in the 2nd quarter worth about $840,629,000. Wellington Management Group LLP boosted its position in shares of Boot Barn by 4.3% in the fourth quarter. Wellington Management Group LLP now owns 1,206,107 shares of the company’s stock worth $212,842,000 after acquiring an additional 49,790 shares during the last quarter. State Street Corp boosted its position in shares of Boot Barn by 0.6% in the fourth quarter. State Street Corp now owns 1,176,193 shares of the company’s stock worth $207,563,000 after acquiring an additional 7,410 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Boot Barn by 83.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,103,441 shares of the company’s stock valued at $194,725,000 after purchasing an additional 502,275 shares during the period. Finally, Invesco Ltd. grew its holdings in Boot Barn by 15.7% in the fourth quarter. Invesco Ltd. now owns 1,061,668 shares of the company’s stock valued at $187,353,000 after purchasing an additional 144,262 shares during the period.

Analysts Set New Price Targets

A number of research firms have weighed in on BOOT. Stephens increased their price target on shares of Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. BTIG Research lowered their price objective on shares of Boot Barn from $235.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Citigroup restated a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. Weiss Ratings downgraded Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 18th. Finally, Robert W. Baird set a $212.00 price objective on Boot Barn in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Boot Barn presently has a consensus rating of “Buy” and a consensus price target of $219.55.

Boot Barn Trading Down 0.1%

NYSE:BOOT opened at $155.41 on Friday. The firm’s fifty day simple moving average is $160.34 and its 200 day simple moving average is $164.51. Boot Barn Holdings, Inc. has a twelve month low of $133.18 and a twelve month high of $210.25. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 1.00 and a beta of 1.71.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.60. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.The firm had revenue of $593.51 million during the quarter, compared to the consensus estimate of $583.15 million. During the same period in the prior year, the firm earned $1.74 EPS. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. 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, analysts predict that Boot Barn Holdings, Inc. will post 9.18 earnings per share for the current year.

About Boot Barn

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.