Moody Aldrich Partners LLC Purchases 14,573 Shares of Boot Barn Holdings, Inc. $BOOT

Moody Aldrich Partners LLC raised its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 72.1% during the third quarter, HoldingsChannel reports. The firm owned 34,797 shares of the company’s stock after buying an additional 14,573 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Boot Barn were worth $4,192,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BOOT. Park Avenue Securities LLC raised its holdings in shares of Boot Barn by 5.7% in the 3rd quarter. Park Avenue Securities LLC now owns 2,851 shares of the company’s stock valued at $343,000 after purchasing an additional 154 shares in the last quarter. Signaturefd LLC lifted its position in shares of Boot Barn by 183.3% during the 3rd quarter. Signaturefd LLC now owns 255 shares of the company’s stock worth $31,000 after purchasing an additional 165 shares during the last quarter. Simplicity Wealth LLC grew its stake in shares of Boot Barn by 136.6% during the third quarter. Simplicity Wealth LLC now owns 8,559 shares of the company’s stock worth $1,031,000 after purchasing an additional 4,941 shares in the last quarter. Sowell Financial Services LLC grew its stake in shares of Boot Barn by 6.2% during the third quarter. Sowell Financial Services LLC now owns 2,858 shares of the company’s stock worth $344,000 after purchasing an additional 166 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its stake in shares of Boot Barn by 5.3% during the third quarter. Evergreen Capital Management LLC now owns 4,459 shares of the company’s stock worth $537,000 after purchasing an additional 225 shares in the last quarter.

Boot Barn Stock Performance

Shares of BOOT stock opened at $113.32 on Thursday. The stock’s 50-day moving average is $132.49 and its two-hundred day moving average is $159.01. Boot Barn Holdings, Inc. has a 1 year low of $110.53 and a 1 year high of $210.25. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 0.74 and a beta of 1.76.

Boot Barn (NYSE:BOOT) last posted its earnings results on Wednesday, October 28th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.10. The business had revenue of $581.81 million during the quarter, compared to the consensus estimate of $580.80 million. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%. The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.37 EPS. As a group, research analysts predict that Boot Barn Holdings, Inc. will post 9.19 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on BOOT. Needham & Company LLC began coverage on Boot Barn in a report on Friday, October 16th. They issued a “buy” rating and a $150.00 target price on the stock. Citigroup decreased their price target on Boot Barn from $205.00 to $180.00 and set a “buy” rating for the company in a report on Tuesday, October 13th. Robert W. Baird lowered their price objective on Boot Barn from $212.00 to $160.00 and set an “outperform” rating for the company in a research report on Tuesday, September 29th. Stephens increased their price objective on Boot Barn from $196.00 to $207.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Finally, BTIG Research reiterated a “buy” rating and issued a $215.00 price objective on shares of Boot Barn in a report on Tuesday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $204.77.

Boot Barn News Roundup

Here are the key news stories impacting Boot Barn this week:

• Positive Sentiment: Boot Barn reported fiscal Q2 revenue of approximately $581.8 million, up 15.1% year over year, while diluted EPS rose 26.3% to $1.73 and exceeded the consensus estimate of $1.63. Gross profit increased 17.6% to $216.5 million, and operating cash flow grew 55% to $39.9 million. Boot Barn Q2 2027 earnings results
• Positive Sentiment: The board authorized an additional $400 million under Boot Barn’s share-repurchase program. Buybacks could support per-share earnings and signal management confidence in the company’s long-term value. Boot Barn announces results and additional repurchase authorization
• Neutral Sentiment: Management’s earnings call followed the quarterly release, giving investors additional commentary on demand, store expansion, margins and the revised outlook. Boot Barn Q2 2027 earnings call transcript
• Negative Sentiment: Boot Barn cut its fiscal-year outlook despite the quarterly profit and sales gains. The reduced forecast raises concerns about slowing demand, potential margin pressure or a more cautious consumer, and makes the narrow revenue beat less meaningful. Boot Barn cuts fiscal-year outlook

About Boot Barn

Boot Barn Holdings, Inc is a specialty retailer focused on Western and work-related apparel, footwear and accessories. The company sells products including cowboy boots, work boots, jeans, shirts, hats, outerwear, belts and other accessories from a range of national and private-label brands.

Boot Barn serves customers through a network of retail stores across the United States, as well as through its e-commerce platform. Its merchandise is marketed to Western lifestyle customers, workers who need durable clothing and footwear, and consumers participating in activities such as rodeo, riding and outdoor recreation.

The company traces its beginnings to 1978 and is headquartered in Irvine, California.