Amundi Has $2.57 Million Holdings in Boot Barn Holdings, Inc. $BOOT

Key Points

• Amundi reduced its holdings in Boot Barn Holdings, Inc. by 6.2%, resulting in ownership of 26,248 shares valued at approximately $2.57 million at the end of the first quarter.
• Boot Barn reported an earnings per share (EPS) of $1.74 for the quarter, exceeding analysts' expectations, with a 19.1% year-over-year increase in revenue.
• Multiple investment firms have raised their price targets for Boot Barn, with UBS Group raising it to $210.00 and JPMorgan Chase & Co. to $247.00, reflecting positive sentiment among analysts.

Amundi lessened its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,248 shares of the company's stock after selling 1,742 shares during the period. Amundi owned about 0.09% of Boot Barn worth $2,566,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Opal Wealth Advisors LLC acquired a new stake in shares of Boot Barn during the 1st quarter valued at $29,000. Golden State Wealth Management LLC boosted its stake in shares of Boot Barn by 263.6% during the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the company's stock valued at $30,000 after buying an additional 203 shares during the period. Versant Capital Management Inc boosted its position in Boot Barn by 210.8% during the first quarter. Versant Capital Management Inc now owns 317 shares of the company's stock valued at $34,000 after purchasing an additional 215 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Boot Barn during the first quarter valued at $44,000. Finally, Bayforest Capital Ltd acquired a new stake in Boot Barn during the first quarter valued at $48,000.

Boot Barn Stock Performance

Shares of Boot Barn stock traded down $0.17 on Wednesday, reaching $179.38. The stock had a trading volume of 373,542 shares, compared to its average volume of 451,602. The business's 50-day moving average price is $173.85 and its two-hundred day moving average price is $144.30. Boot Barn Holdings, Inc. has a fifty-two week low of $86.17 and a fifty-two week high of $191.31. The stock has a market cap of $5.48 billion, a P/E ratio of 28.29, a price-to-earnings-growth ratio of 1.82 and a beta of 1.62.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.74 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.19. The business had revenue of $504.07 million during the quarter, compared to analysts' expectations 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 period in the previous year, the company earned $1.26 earnings per share. Boot Barn has set its Q2 2026 guidance at 1.190-1.270 EPS. FY 2026 guidance at 5.800-6.700 EPS. As a group, equities analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. KeyCorp lifted their price objective on Boot Barn from $195.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Piper Sandler lifted their price target on Boot Barn from $184.00 to $185.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Cowen reiterated a "buy" rating on shares of Boot Barn in a research note on Monday, July 28th. Jefferies Financial Group cut shares of Boot Barn from a "buy" rating to a "hold" rating and reduced their target price for the company from $187.00 to $175.00 in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Boot Barn from $207.00 to $247.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Boot Barn 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.