Principal Financial Group Inc. Buys 143,422 Shares of Boot Barn Holdings, Inc. $BOOT

Principal Financial Group Inc. increased its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 36.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 536,520 shares of the company’s stock after buying an additional 143,422 shares during the quarter. Principal Financial Group Inc.’s holdings in Boot Barn were worth $78,525,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. UBS Group AG grew its position in shares of Boot Barn by 16.4% in the 4th quarter. UBS Group AG now owns 172,380 shares of the company’s stock valued at $30,420,000 after acquiring an additional 24,229 shares during the period. Asset Management One Co. Ltd. acquired a new position in shares of Boot Barn during the 4th quarter worth about $2,644,000. Comerica Bank raised its holdings in shares of Boot Barn by 71.5% in the 4th quarter. Comerica Bank now owns 34,439 shares of the company’s stock valued at $6,077,000 after purchasing an additional 14,354 shares during the period. Aberdeen Group plc raised its holdings in shares of Boot Barn by 15.4% in the 4th quarter. Aberdeen Group plc now owns 170,443 shares of the company’s stock valued at $30,078,000 after purchasing an additional 22,738 shares during the period. Finally, Burney Co. acquired a new stake in Boot Barn in the 4th quarter valued at about $3,782,000.

Boot Barn Stock Performance

NYSE BOOT opened at $153.91 on Friday. The firm has a 50-day moving average of $162.00 and a 200-day moving average of $170.62. The stock has a market cap of $4.67 billion, a PE ratio of 20.94, a P/E/G ratio of 1.08 and a beta of 1.69. 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 earnings results on Thursday, May 14th. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.43 by $0.02. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The business had revenue of $538.75 million during the quarter, compared to the consensus estimate of $531.43 million. During the same quarter in the previous year, the firm posted $1.22 EPS. Boot Barn’s revenue was up 18.7% compared to the same quarter last year. Boot Barn has set its Q1 2027 guidance at 1.620-1.710 EPS and its FY 2027 guidance at 8.210-8.640 EPS. As a group, analysts predict that Boot Barn Holdings, Inc. will post 8.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on BOOT. BTIG Research reiterated a “buy” rating and set a $235.00 price target on shares of Boot Barn in a report on Friday, May 15th. TD Cowen restated a “buy” rating on shares of Boot Barn in a research note on Wednesday, June 17th. Weiss Ratings cut Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. UBS Group set a $225.00 target price on Boot Barn in a research note on Wednesday, June 17th. Finally, Jefferies Financial Group raised Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a report on Monday, April 6th. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Boot Barn currently has an average rating of “Moderate Buy” and an average target price of $226.92.

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.