Bank of America Corp DE Invests $43.72 Million in Boot Barn Holdings, Inc. $BOOT

Bank of America Corp DE bought a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 266,149 shares of the company's stock, valued at approximately $43,720,000. Bank of America Corp DE owned 0.88% of Boot Barn as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Northwestern Mutual Wealth Management Co. bought a new stake in Boot Barn in the 2nd quarter valued at about $33,000. Quantbot Technologies LP bought a new position in shares of Boot Barn during the second quarter worth approximately $46,000. Hantz Financial Services Inc. increased its holdings in shares of Boot Barn by 284.1% during the fourth quarter. Hantz Financial Services Inc. now owns 338 shares of the company's stock worth $60,000 after purchasing an additional 250 shares during the period. Allworth Financial LP acquired a new stake in shares of Boot Barn in the second quarter valued at approximately $57,000. Finally, Global Retirement Partners LLC raised its position in shares of Boot Barn by 702.3% in the fourth quarter. Global Retirement Partners LLC now owns 353 shares of the company's stock valued at $62,000 after buying an additional 309 shares in the last quarter.

Boot Barn Trading Up 1.0%

Boot Barn stock opened at $124.19 on Tuesday. The stock has a 50-day moving average price of $152.47 and a two-hundred day moving average price of $158.38. Boot Barn Holdings, Inc. has a 12 month low of $120.64 and a 12 month high of $210.25. The company has a market capitalization of $3.76 billion, a PE ratio of 15.72, a P/E/G ratio of 0.79 and a beta of 1.70.

Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.60. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.The company had revenue of $593.51 million for the quarter, compared to analysts' expectations of $583.15 million. During the same period in the previous year, the business posted $1.74 earnings per share. The business's quarterly revenue was up 17.7% compared to the same quarter last year. 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 predict 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 equities analysts have commented on BOOT shares. Stephens raised their price objective on Boot Barn from $196.00 to $207.00 and gave the stock an "overweight" rating in a research note on Monday, August 10th. TD Cowen reduced their target price on Boot Barn from $225.00 to $190.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Robert W. Baird set a $212.00 price target on Boot Barn in a research report on Thursday, July 30th. Weiss Ratings cut Boot Barn from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, August 18th. Finally, BTIG Research reaffirmed a "buy" rating and issued a $215.00 price target on shares of Boot Barn in a research note on Tuesday, September 15th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $219.55.

About Boot Barn

Boot Barn Holdings, Inc is a specialty retailer focused on Western and workwear products. The company sells a broad selection of footwear, clothing, accessories and related merchandise designed for customers interested in Western lifestyles, outdoor activities and occupational work.

Its product offerings include cowboy boots, work boots, jeans, shirts, jackets, hats, belts, jewelry and safety equipment. Boot Barn carries recognized third-party brands such as Ariat, Justin, Wrangler and Carhartt, along with private-label brands including Cody James, Shyanne, Hawx and Moonshine Spirit.

Founded in 1978 in Orange County, California, Boot Barn has expanded from a single store into a multichannel retailer operating physical stores and an e-commerce platform.

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