Boot Barn Holdings, Inc. $BOOT is Dynamic Technology Lab Private Ltd's 7th Largest Position

Key Points

• Dynamic Technology Lab Private Ltd increased its stake in Boot Barn Holdings by 170.8% during the first quarter, owning 33,445 shares valued at approximately $3.6 million.
• Multiple analysts have raised their price targets for Boot Barn, with BTIG Research increasing it to $218.00, reflecting a positive outlook with a consensus rating of "Moderate Buy."
• Boot Barn reported earnings of $1.74 per share for the last quarter, exceeding analysts' expectations, and is forecasting its Q2 2026 EPS guidance between 1.190-1.270.

Dynamic Technology Lab Private Ltd increased its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 170.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,445 shares of the company's stock after purchasing an additional 21,096 shares during the quarter. Boot Barn makes up about 0.5% of Dynamic Technology Lab Private Ltd's portfolio, making the stock its 7th biggest position. Dynamic Technology Lab Private Ltd owned approximately 0.11% of Boot Barn worth $3,593,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jump Financial LLC bought a new position in Boot Barn in the first quarter worth approximately $5,363,000. Oppenheimer Asset Management Inc. grew its stake in Boot Barn by 29.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 14,731 shares of the company's stock worth $1,583,000 after purchasing an additional 3,341 shares in the last quarter. SG Americas Securities LLC bought a new position in Boot Barn in the first quarter worth approximately $916,000. KBC Group NV grew its stake in Boot Barn by 21.8% in the first quarter. KBC Group NV now owns 1,489 shares of the company's stock worth $160,000 after purchasing an additional 267 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Boot Barn by 8,368.8% in the first quarter. GAMMA Investing LLC now owns 42,005 shares of the company's stock worth $4,513,000 after purchasing an additional 41,509 shares in the last quarter.

Analyst Ratings Changes

Several research analysts recently issued reports on BOOT shares. UBS Group increased their price objective on Boot Barn from $156.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Cowen restated a "buy" rating on shares of Boot Barn in a report on Monday, July 28th. JPMorgan Chase & Co. upped their target price on Boot Barn from $207.00 to $247.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Piper Sandler upped their target price on Boot Barn from $184.00 to $185.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Finally, Jefferies Financial Group lowered Boot Barn from a "buy" rating to a "hold" rating and lowered their target price for the stock from $187.00 to $175.00 in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Boot Barn presently has an average rating of "Moderate Buy" and an average price target of $182.54.

Boot Barn Stock Down 0.4%

Shares of Boot Barn stock traded down $0.79 during trading on Wednesday, reaching $183.53. The company's stock had a trading volume of 268,946 shares, compared to its average volume of 856,103. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 28.95, a P/E/G ratio of 1.90 and a beta of 1.62. The company has a 50-day simple moving average of $171.82 and a two-hundred day simple moving average of $142.10. Boot Barn Holdings, Inc. has a 1-year low of $86.17 and a 1-year high of $191.31.

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

Boot Barn declared that its Board of Directors has initiated a share buyback program 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 programs are generally a sign that the company's board of directors believes its stock is undervalued.

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.