12,135 Shares in Boot Barn Holdings, Inc. $BOOT Purchased by Oliver Luxxe Assets LLC

Key Points

• Oliver Luxxe Assets LLC purchased 12,135 Boot Barn shares during the second quarter, valued at approximately $1.99 million. Several other institutional investors also increased or initiated positions.
• Analysts maintain a bullish outlook, with a consensus rating of “Buy” and an average price target of $222.27, despite multiple recent target reductions.
• Boot Barn reported quarterly earnings of $2.29 per share, exceeding estimates of $1.69, while revenue rose 17.7% year over year to $593.51 million. The stock opened at $163.38, down 0.4%.

Oliver Luxxe Assets LLC purchased a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 12,135 shares of the company's stock, valued at approximately $1,993,000.

A number of other large investors also recently bought and sold shares of the stock. Los Angeles Capital Management LLC acquired a new stake in Boot Barn during the fourth quarter valued at $29,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Boot Barn in the third quarter worth about $49,000. Danske Bank A S raised its position in shares of Boot Barn by 200.0% in the fourth quarter. Danske Bank A S now owns 300 shares of the company's stock worth $53,000 after acquiring an additional 200 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Boot Barn by 284.1% during the 4th quarter. Hantz Financial Services Inc. now owns 338 shares of the company's stock worth $60,000 after acquiring an additional 250 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of Boot Barn by 702.3% during the 4th quarter. Global Retirement Partners LLC now owns 353 shares of the company's stock worth $62,000 after acquiring an additional 309 shares in the last quarter.

Wall Street Analyst Weigh In

BOOT has been the subject of several recent analyst reports. Weiss Ratings upgraded Boot Barn from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, July 30th. Piper Sandler lowered their price target on Boot Barn from $230.00 to $226.00 and set an "overweight" rating on the stock in a research report on Friday, May 15th. BTIG Research cut their price objective on Boot Barn from $235.00 to $215.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. TD Cowen reduced their target price on Boot Barn from $225.00 to $190.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Finally, Bank of America decreased their target price on 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 investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $222.27.

Boot Barn Stock Down 0.4%

Boot Barn stock opened at $163.38 on Friday. The company has a fifty day simple moving average of $162.47 and a 200-day simple moving average of $166.99. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 1.05 and a beta of 1.71. Boot Barn Holdings, Inc. has a 52-week low of $133.18 and a 52-week high of $210.25.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $593.51 million for the quarter, compared to the consensus estimate of $583.15 million. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. The company's revenue for the quarter was up 17.7% on a year-over-year basis. During the same period last year, the firm posted $1.74 earnings per share. 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 anticipate that Boot Barn Holdings, Inc. will post 9.18 EPS for the current fiscal year.

About Boot Barn

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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