Alamar Capital Management LLC purchased a new position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,306 shares of the company's stock, valued at approximately $1,693,000.
Other institutional investors have also recently made changes to their positions in the company. Los Angeles Capital Management LLC bought a new position in shares of Boot Barn during the 4th quarter valued at approximately $29,000. Northwestern Mutual Wealth Management Co. bought a new stake in Boot Barn during the 2nd quarter valued at approximately $33,000. Quantbot Technologies LP purchased a new position in shares of Boot Barn in the second quarter worth $46,000. Caitong International Asset Management Co. Ltd bought a new stake in Boot Barn in the 3rd quarter valued at $49,000. Finally, Danske Bank A S lifted its stake in Boot Barn by 200.0% in the 4th quarter. Danske Bank A S now owns 300 shares of the company's stock worth $53,000 after purchasing an additional 200 shares in the last quarter.
Analyst Ratings Changes
A number of analysts have issued reports on the company. Zacks Research raised Boot Barn from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 3rd. Weiss Ratings downgraded shares of Boot Barn from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, August 18th. Piper Sandler dropped their price target on Boot Barn from $230.00 to $226.00 and set an "overweight" rating for the company in a research report on Friday, May 15th. Bank of America reduced their price objective on Boot Barn from $224.00 to $206.00 and set a "buy" rating on the stock in a research note on Friday, May 15th. Finally, TD Cowen decreased their price objective on Boot Barn from $225.00 to $190.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $219.55.
Get Our Latest Analysis on BOOT
Boot Barn Price Performance
Shares of NYSE:BOOT opened at $148.90 on Thursday. The business has a 50 day simple moving average of $158.73 and a two-hundred day simple moving average of $163.37. Boot Barn Holdings, Inc. has a 1 year low of $133.18 and a 1 year high of $210.25. The firm has a market capitalization of $4.51 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 0.96 and a beta of 1.70.
Boot Barn (NYSE:BOOT - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $593.51 million during the quarter, compared to analyst estimates of $583.15 million. During the same period in the previous year, the firm earned $1.74 earnings per share. The business's 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. Equities research analysts expect that Boot Barn Holdings, Inc. will post 9.18 EPS for the current fiscal year.
Boot Barn Company Profile
(
Free Report)
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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