Janus Henderson Group PLC Boosts Stake in Boot Barn Holdings, Inc. $BOOT

Janus Henderson Group PLC grew its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 26.2% in the 1st quarter, Holdings Channel reports. The fund owned 211,066 shares of the company’s stock after acquiring an additional 43,786 shares during the period. Janus Henderson Group PLC’s holdings in Boot Barn were worth $30,894,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of 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 worth $194,725,000 after acquiring an additional 502,275 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in Boot Barn by 2,547.7% in the third quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company’s stock valued at $78,086,000 after purchasing an additional 453,396 shares during the last quarter. Invesco Ltd. grew its stake in Boot Barn by 46.3% during the 3rd quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock valued at $152,033,000 after purchasing an additional 290,493 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Boot Barn by 38.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 723,309 shares of the company’s stock valued at $127,642,000 after purchasing an additional 200,971 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in Boot Barn during the 4th quarter worth approximately $26,471,000.

Boot Barn Stock Down 0.1%

Shares of NYSE BOOT opened at $148.89 on Monday. The stock’s 50 day moving average price is $162.76 and its two-hundred day moving average price is $167.81. Boot Barn Holdings, Inc. has a 52-week low of $133.18 and a 52-week high of $210.25. The stock has a market capitalization of $4.51 billion, a P/E ratio of 18.85, a PEG ratio of 0.96 and a beta of 1.71.

Boot Barn (NYSE:BOOT) last issued its earnings results on Wednesday, July 29th. The company reported $2.29 EPS for the quarter, topping 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 company had revenue of $593.51 million during the quarter, compared to analyst estimates of $583.15 million. During the same quarter last year, the firm earned $1.74 EPS. The business’s 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, analysts anticipate that Boot Barn Holdings, Inc. will post 9.16 EPS for the current year.

Key Boot Barn News

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BOOT. Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a research report on Monday, May 4th. Bank of America dropped their price target on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Robert W. Baird set a $212.00 price target on shares of Boot Barn in a 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. Finally, UBS Group set a $225.00 price objective on shares of Boot Barn in a research note on Wednesday, June 17th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Boot Barn has an average rating of “Moderate Buy” and a consensus price target of $222.27.

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.