Blair William & Co. IL Sells 3,035 Shares of Boot Barn Holdings, Inc. $BOOT

Key Points

• Blair William & Co. IL significantly reduced its stake in Boot Barn Holdings, Inc. by 49.9%, selling 3,035 shares and leaving them with a total of 3,044 shares valued at approximately $463,000.
• Multiple analysts have issued varying ratings on Boot Barn, with Weiss Ratings holding a "hold" rating and Cowen maintaining a "buy" rating, while overall, the stock holds a "Moderate Buy" consensus rating and an average price target of $182.54.
• In the most recent quarter, Boot Barn reported $1.74 EPS, surpassing analyst expectations, and generated revenues of $504.07 million, which is a 19.1% year-over-year increase.

Blair William & Co. IL reduced its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 49.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 3,044 shares of the company's stock after selling 3,035 shares during the quarter. Blair William & Co. IL's holdings in Boot Barn were worth $463,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BOOT. Artemis Investment Management LLP boosted its position in shares of Boot Barn by 206.5% during the 1st 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 during the last quarter. Nuveen LLC bought a new position in shares of Boot Barn during the 1st quarter valued at approximately $38,387,000. Invesco Ltd. lifted its position in Boot Barn by 24.8% in the first quarter. Invesco Ltd. now owns 903,453 shares of the company's stock worth $97,058,000 after buying an additional 179,710 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in Boot Barn by 51.4% in the first quarter. Stephens Investment Management Group LLC now owns 465,787 shares of the company's stock worth $50,039,000 after buying an additional 158,195 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Boot Barn by 42.1% in the first quarter. Ameriprise Financial Inc. now owns 503,619 shares of the company's stock worth $54,110,000 after buying an additional 149,115 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings restated a "hold (c+)" rating on shares of Boot Barn in a research report on Wednesday, October 8th. Cowen restated a "buy" rating on shares of Boot Barn in a research report on Monday, July 28th. Piper Sandler raised their price target on Boot Barn from $184.00 to $185.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. KeyCorp raised their price target on Boot Barn from $195.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Jefferies Financial Group downgraded Boot Barn from a "buy" rating to a "hold" rating and lowered their price target for the stock from $187.00 to $175.00 in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Boot Barn has a consensus rating of "Moderate Buy" and an average price target of $182.54.

Boot Barn Stock Down 1.2%

BOOT stock opened at $184.75 on Friday. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 29.14, a PEG ratio of 1.88 and a beta of 1.61. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month high of $191.31. The business's fifty day simple moving average is $174.58 and its two-hundred day simple moving average is $154.25.

Boot Barn (NYSE:BOOT - Get Free Report) last announced 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 firm had revenue of $504.07 million for the quarter, compared to analyst estimates of $489.49 million. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.The business's revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter last year, the firm posted $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. Research analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Boot Barn 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.

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