Callan Family Office LLC purchased a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,048 shares of the company's stock, valued at approximately $1,815,000.

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Several other hedge funds have also made changes to their positions in BOOT. Los Angeles Capital Management LLC acquired a new position in Boot Barn in the fourth quarter valued at $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in Boot Barn in the 3rd quarter worth about $49,000. Danske Bank A S boosted its stake in Boot Barn by 200.0% in the 4th quarter. Danske Bank A S now owns 300 shares of the company's stock worth $53,000 after buying an additional 200 shares during the last quarter. Allworth Financial LP purchased a new stake in Boot Barn in the 2nd quarter valued at about $57,000. Finally, Hantz Financial Services Inc. grew its holdings in Boot Barn by 284.1% in the 4th quarter. Hantz Financial Services Inc. now owns 338 shares of the company's stock valued at $60,000 after buying an additional 250 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Boot Barn from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, August 18th. Stephens boosted their target price on shares of Boot Barn from $196.00 to $207.00 and gave the company an "overweight" rating in a report on Monday, August 10th. Citigroup reaffirmed a "buy" rating on shares of Boot Barn in a research report on Monday, May 4th. Bank of America cut their price target on shares of Boot Barn from $224.00 to $206.00 and set a "buy" rating on the stock in a research note on Friday, May 15th. Finally, Robert W. Baird set a $212.00 price target on shares of Boot Barn in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $219.55.

• Boot Barn Stock Still Has Room to Run, But It Must Earn Its Premium

Check Out Our Latest Analysis on BOOT

Boot Barn Price Performance

Boot Barn stock opened at $164.44 on Monday. The stock's 50-day moving average is $161.33 and its 200-day moving average is $165.42. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Boot Barn Holdings, Inc. has a 12 month low of $133.18 and a 12 month high of $210.25.

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Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.60. The business had revenue of $593.51 million for the quarter, compared to analyst estimates of $583.15 million. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.The company's revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Research analysts anticipate that Boot Barn Holdings, Inc. will post 9.18 EPS for the current year.

Boot Barn Company Profile

(Free Report)

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.

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Want to see what other hedge funds are holding BOOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report).

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