Diversify Advisory Services LLC Purchases Shares of 13,394 Boot Barn Holdings, Inc. $BOOT

Diversify Advisory Services LLC acquired a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 13,394 shares of the company’s stock, valued at approximately $2,078,000.

Several other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its position in Boot Barn by 361.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 48,448 shares of the company’s stock worth $7,091,000 after buying an additional 37,951 shares during the last quarter. Principal Financial Group Inc. raised its stake in Boot Barn by 11.4% in the fourth quarter. Principal Financial Group Inc. now owns 393,098 shares of the company’s stock valued at $69,370,000 after buying an additional 40,282 shares during the period. UBS Group AG lifted its position in shares of Boot Barn by 16.4% in the fourth quarter. UBS Group AG now owns 172,380 shares of the company’s stock valued at $30,420,000 after buying an additional 24,229 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of Boot Barn in the fourth quarter valued at approximately $2,644,000. Finally, Fifth Third Bancorp boosted its stake in shares of Boot Barn by 15,768.5% during the 1st quarter. Fifth Third Bancorp now owns 34,276 shares of the company’s stock worth $5,017,000 after acquiring an additional 34,060 shares during the period.

Analysts Set New Price Targets

A number of research firms recently weighed in on BOOT. Piper Sandler decreased their target price on Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a report on Friday, May 15th. Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. UBS Group set a $225.00 price objective on shares of Boot Barn in a research report on Wednesday, June 17th. Robert W. Baird set a $212.00 price objective on shares of Boot Barn in a report on Thursday, July 30th. Finally, Bank of America dropped their price objective on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $219.55.

Boot Barn Stock Performance

BOOT stock opened at $158.42 on Wednesday. The company’s 50-day simple moving average is $161.68 and its 200 day simple moving average is $165.72. Boot Barn Holdings, Inc. has a 52 week low of $133.18 and a 52 week high of $210.25. The company has a market capitalization of $4.80 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.05 and a beta of 1.71.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.60. The business had revenue of $593.51 million during 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 was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $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, analysts forecast that Boot Barn Holdings, Inc. will post 9.18 EPS for the current year.

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.