55,192 Shares in Boot Barn Holdings, Inc. $BOOT Acquired by Maverick Capital Ltd.

Key Points

• Maverick Capital Ltd. has acquired 55,192 shares of Boot Barn Holdings, Inc. (NYSE: BOOT), valued at approximately $5.93 million, representing about 0.18% of the company's stock.
• Multiple institutional investors, including Artemis Investment Management LLP and Nuveen LLC, have significantly increased their positions in Boot Barn, indicating strong investor interest in the company.
• Boot Barn's stock has been positively rated by several analysts, with target prices raised to $210, while the company recently reported earnings that exceeded expectations, with a projected EPS for FY 2026 between $5.80 and $6.70.

Maverick Capital Ltd. purchased a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 55,192 shares of the company's stock, valued at approximately $5,929,000. Maverick Capital Ltd. owned about 0.18% of Boot Barn as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Cetera Investment Advisers grew its position in shares of Boot Barn by 1.0% during the fourth quarter. Cetera Investment Advisers now owns 8,179 shares of the company's stock worth $1,242,000 after acquiring an additional 83 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of Boot Barn by 5.7% during the first quarter. Park Avenue Securities LLC now owns 1,963 shares of the company's stock worth $211,000 after acquiring an additional 105 shares during the last quarter. Xponance Inc. grew its position in Boot Barn by 5.5% in the 1st quarter. Xponance Inc. now owns 2,292 shares of the company's stock valued at $246,000 after buying an additional 120 shares in the last quarter. Intrust Bank NA grew its position in Boot Barn by 3.4% in the 1st quarter. Intrust Bank NA now owns 4,702 shares of the company's stock valued at $505,000 after buying an additional 153 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its position in Boot Barn by 6.1% in the 1st quarter. Rafferty Asset Management LLC now owns 3,013 shares of the company's stock valued at $324,000 after buying an additional 174 shares in the last quarter.

Boot Barn Trading Down 4.1%

BOOT stock traded down $7.90 during mid-day trading on Friday, reaching $182.98. 545,014 shares of the stock traded hands, compared to its average volume of 477,619. Boot Barn Holdings, Inc. has a 52-week low of $86.17 and a 52-week high of $191.31. The company has a market cap of $5.59 billion, a P/E ratio of 28.86, a P/E/G ratio of 1.94 and a beta of 1.62. The stock's fifty day moving average is $170.56 and its 200-day moving average is $141.27.

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

Boot Barn announced that its board has initiated a share repurchase program on Wednesday, May 14th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 4.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

BOOT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Boot Barn from $207.00 to $247.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Citigroup increased their target price on shares of Boot Barn from $137.00 to $180.00 and gave the company a "buy" rating in a research report on Friday, May 16th. KeyCorp increased their target price on shares of Boot Barn from $195.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Cowen reiterated a "buy" rating on shares of Boot Barn in a research report on Monday, July 28th. Finally, UBS Group increased their target price on shares of Boot Barn from $156.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. One equities 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $182.54.

Boot Barn Company Profile

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.