Sei Investments Co. Grows Holdings in Boot Barn Holdings, Inc. $BOOT

Sei Investments Co. boosted its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 8.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,130 shares of the company’s stock after purchasing an additional 4,834 shares during the quarter. Sei Investments Co.’s holdings in Boot Barn were worth $9,533,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP increased its stake in Boot Barn by 4.3% during the 4th quarter. Wellington Management Group LLP now owns 1,206,107 shares of the company’s stock valued at $212,842,000 after purchasing an additional 49,790 shares in the last quarter. State Street Corp raised its stake in Boot Barn by 0.6% during the 4th quarter. State Street Corp now owns 1,176,193 shares of the company’s stock valued at $207,563,000 after buying an additional 7,410 shares during the last quarter. Price T Rowe Associates Inc. MD lifted 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 acquiring an additional 502,275 shares during the period. Invesco Ltd. lifted its stake in shares of Boot Barn by 15.7% in the 4th quarter. Invesco Ltd. now owns 1,061,668 shares of the company’s stock worth $187,353,000 after purchasing an additional 144,262 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Boot Barn by 38.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 723,309 shares of the company’s stock worth $127,642,000 after acquiring an additional 200,971 shares during the period.

Analyst Ratings Changes

BOOT has been the topic of several recent research reports. TD Cowen lowered their price objective on Boot Barn from $225.00 to $190.00 and set a “buy” rating on the stock in a research report on Thursday. BTIG Research dropped their price objective on shares of Boot Barn from $235.00 to $215.00 and set a “buy” rating for the company in a report on Thursday. Piper Sandler lowered their target price on Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. UBS Group set a $225.00 price target on Boot Barn in a research report on Wednesday, June 17th. Finally, Jefferies Financial Group upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price objective on the stock in a research report on Monday, April 6th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Boot Barn currently has an average rating of “Moderate Buy” and a consensus price target of $222.27.

Boot Barn Stock Down 3.6%

Shares of NYSE BOOT opened at $148.89 on Friday. The business has a fifty day simple moving average of $162.76 and a two-hundred day simple moving average of $168.04. The firm has a market cap of $4.51 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 0.97 and a beta of 1.69. Boot Barn Holdings, Inc. has a twelve month low of $133.18 and a twelve 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, topping the consensus estimate of $1.69 by $0.60. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. The company had revenue of $593.51 million for the quarter, compared to analysts’ expectations of $583.15 million. During the same period in the prior year, the business earned $1.74 EPS. The firm’s quarterly 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 expect that Boot Barn Holdings, Inc. will post 9.16 earnings per share for the current year.

Key Headlines Impacting Boot Barn

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

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.