Boot Barn Holdings, Inc. $BOOT Holdings Raised by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in Boot Barn Holdings, Inc. by 35.5%, owning 199,638 shares valued at approximately $21.4 million after buying an additional 52,340 shares in the first quarter.
• Analyst upgrades for Boot Barn include a buy rating from Craig Hallum and revised price targets by KeyCorp and UBS Group, now reaching up to $210 per share.
• Boot Barn recently reported quarterly earnings of $1.74 per share, exceeding expectations, and announced a $200 million stock repurchase program, indicating confidence in its stock valuation.

Aberdeen Group plc increased its stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 35.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,638 shares of the company's stock after acquiring an additional 52,340 shares during the period. Aberdeen Group plc owned approximately 0.65% of Boot Barn worth $21,447,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Capital Research Global Investors boosted its holdings in shares of Boot Barn by 32.6% in the fourth quarter. Capital Research Global Investors now owns 1,141,821 shares of the company's stock valued at $173,351,000 after acquiring an additional 280,892 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Boot Barn by 24.8% in the first 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 in the last quarter. Artemis Investment Management LLP boosted its holdings in shares of Boot Barn by 206.5% in the first quarter. Artemis Investment Management LLP now owns 734,023 shares of the company's stock valued at $78,856,000 after acquiring an additional 494,523 shares in the last quarter. Stephens Investment Management Group LLC boosted its holdings in shares of Boot Barn by 51.4% in the first quarter. Stephens Investment Management Group LLC now owns 465,787 shares of the company's stock valued at $50,039,000 after acquiring an additional 158,195 shares in the last quarter. Finally, Congress Asset Management Co. boosted its holdings in shares of Boot Barn by 5.5% in the first quarter. Congress Asset Management Co. now owns 457,675 shares of the company's stock valued at $49,168,000 after acquiring an additional 23,880 shares in the last quarter.

Boot Barn Stock Performance

Shares of NYSE:BOOT traded up $4.1520 during mid-day trading on Friday, hitting $173.5020. The stock had a trading volume of 409,841 shares, compared to its average volume of 699,525. The company has a market cap of $5.30 billion, a PE ratio of 27.37, a P/E/G ratio of 1.76 and a beta of 1.76. Boot Barn Holdings, Inc. has a 12-month low of $86.17 and a 12-month high of $183.60. The company's 50 day moving average is $166.49 and its 200-day moving average is $138.33.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.55 by $0.19. The business had revenue of $504.07 million during 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%. The firm's quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter in the prior 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, equities research analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Boot Barn announced that its Board of Directors has approved a stock buyback plan on Wednesday, May 14th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to reacquire up to 4.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group raised their target price on shares of Boot Barn from $156.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. raised their target price 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. Bank of America raised their target price on shares of Boot Barn from $160.00 to $173.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Cowen restated a "buy" rating on shares of Boot Barn in a report on Monday, July 28th. Finally, Jefferies Financial Group cut shares of Boot Barn from a "buy" rating to a "hold" rating and reduced their target price for the stock from $187.00 to $175.00 in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently 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.