1,800 Shares in Boot Barn Holdings, Inc. $BOOT Acquired by Strs Ohio

Key Points

• Strs Ohio acquired 1,800 shares of Boot Barn Holdings, Inc. in Q1, valued at approximately $193,000, indicating growing interest in the stock.
• Boot Barn reported earnings of $1.74 per share and revenue of $504.07 million for the quarter, significantly exceeding analysts' estimates.
• Analysts remain bullish, with JPMorgan raising its price target to $247.00, while the consensus rating stands at "Moderate Buy" with an average target price of $182.54.

Strs Ohio acquired a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,800 shares of the company's stock, valued at approximately $193,000.

Several other institutional investors have also recently modified their holdings of BOOT. Invesco Ltd. raised its holdings in Boot Barn by 24.8% in the 1st quarter. Invesco Ltd. now owns 903,453 shares of the company's stock valued at $97,058,000 after acquiring an additional 179,710 shares during the last quarter. Artemis Investment Management LLP grew its stake in shares of Boot Barn by 206.5% during the 1st quarter. Artemis Investment Management LLP now owns 734,023 shares of the company's stock valued at $78,856,000 after buying an additional 494,523 shares during the period. American Century Companies Inc. boosted its position in Boot Barn by 15.3% during the 1st quarter. American Century Companies Inc. now owns 569,390 shares of the company's stock worth $61,170,000 after purchasing an additional 75,413 shares during the period. Ameriprise Financial Inc. boosted its position in Boot Barn by 42.1% during the 1st quarter. Ameriprise Financial Inc. now owns 503,619 shares of the company's stock worth $54,110,000 after purchasing an additional 149,115 shares during the period. Finally, Stephens Investment Management Group LLC boosted its position in Boot Barn by 51.4% during the 1st quarter. Stephens Investment Management Group LLC now owns 465,787 shares of the company's stock worth $50,039,000 after purchasing an additional 158,195 shares during the period.

Boot Barn Stock Down 2.0%

BOOT stock opened at $168.16 on Thursday. Boot Barn Holdings, Inc. has a 12-month low of $86.17 and a 12-month high of $191.31. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 1.74 and a beta of 1.62. The company has a 50 day moving average of $174.33 and a two-hundred day moving average of $146.40.

Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $1.74 earnings per share for the quarter, beating analysts' consensus estimates of $1.55 by $0.19. The business had revenue of $504.07 million for the quarter, compared to the consensus estimate of $489.49 million. Boot Barn had a net margin of 9.81% and a return on equity of 17.73%. Boot Barn's revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.26 EPS. Boot Barn has set its Q2 2026 guidance at 1.190-1.270 EPS. FY 2026 guidance at 5.800-6.700 EPS. On average, research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Boot Barn from $207.00 to $247.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Jefferies Financial Group lowered shares of Boot Barn from a "buy" rating to a "hold" rating and cut their target price for the company from $187.00 to $175.00 in a research note on Wednesday, July 23rd. BTIG Research increased their price objective on shares of Boot Barn from $200.00 to $218.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Piper Sandler increased their price objective on shares of Boot Barn from $184.00 to $185.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Finally, KeyCorp increased their price objective on shares of Boot Barn from $195.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $182.54.

About Boot Barn

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.

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