81,015 Shares in Boot Barn Holdings, Inc. $BOOT Acquired by Osterweis Capital Management Inc.

Key Points

• Osterweis Capital Management acquired 81,015 Boot Barn shares worth approximately $13.3 million, representing 0.27% of the company. Several other institutional investors, including Goldman Sachs and AQR Capital Management, also increased their positions.
• Boot Barn reported quarterly EPS of $2.29, exceeding estimates by $0.60, while revenue rose 17.7% year over year to $593.51 million. The stock opened at $162.07, with a market capitalization of about $4.91 billion.
• Analyst sentiment remains favorable, with the stock receiving an overall “Buy” rating and a consensus price target of $219.55, despite some analysts lowering or maintaining their targets.

Osterweis Capital Management Inc. purchased a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 81,015 shares of the company's stock, valued at approximately $13,308,000. Osterweis Capital Management Inc. owned 0.27% of Boot Barn as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in shares of Boot Barn by 50.3% during the first quarter. Royal Bank of Canada now owns 34,676 shares of the company's stock worth $3,725,000 after acquiring an additional 11,598 shares during the last quarter. AQR Capital Management LLC raised its position in Boot Barn by 198.0% in the 1st quarter. AQR Capital Management LLC now owns 8,906 shares of the company's stock valued at $957,000 after purchasing an additional 5,917 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Boot Barn by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company's stock valued at $1,894,000 after purchasing an additional 779 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Boot Barn by 23.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company's stock worth $34,771,000 after purchasing an additional 61,719 shares during the period. Finally, United Services Automobile Association acquired a new stake in Boot Barn during the 1st quarter worth $209,000.

Boot Barn Price Performance

NYSE:BOOT opened at $162.07 on Tuesday. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The firm's fifty day moving average price is $161.26 and its 200 day moving average price is $165.29. Boot Barn Holdings, Inc. has a 1-year low of $133.18 and a 1-year high of $210.25.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.29 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.60. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. The company had revenue of $593.51 million during the quarter, compared to the consensus estimate of $583.15 million. During the same quarter in the prior year, the firm earned $1.74 EPS. Boot Barn's quarterly revenue was up 17.7% on a year-over-year basis. 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. As a group, analysts expect that Boot Barn Holdings, Inc. will post 9.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. TD Cowen dropped their price objective on shares of Boot Barn from $225.00 to $190.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Zacks Research upgraded shares of Boot Barn from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 3rd. Robert W. Baird set a $212.00 price target on Boot Barn in a report on Thursday, July 30th. Stephens raised their price target on Boot Barn from $196.00 to $207.00 and gave the stock an "overweight" rating in a report on Monday, August 10th. Finally, Weiss Ratings cut Boot Barn from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, August 18th. One research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $219.55.

Boot Barn Profile

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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