Boot Barn Holdings, Inc. $BOOT Shares Purchased by Dynamic Technology Lab Private Ltd

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 shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 170.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,445 shares of the company's stock after acquiring an additional 21,096 shares during the quarter. Boot Barn makes up approximately 0.5% of Dynamic Technology Lab Private Ltd's holdings, making the stock its 7th biggest holding. Dynamic Technology Lab Private Ltd owned approximately 0.11% of Boot Barn worth $3,593,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BOOT. Opal Wealth Advisors LLC acquired a new position in shares of Boot Barn in the 1st quarter valued at $29,000. Golden State Wealth Management LLC boosted its holdings in shares of Boot Barn by 263.6% in the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the company's stock valued at $30,000 after purchasing an additional 203 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Boot Barn by 210.8% in the 1st 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 position in shares of Boot Barn in the 1st quarter valued at $44,000. Finally, Bayforest Capital Ltd acquired a new position in shares of Boot Barn in the 1st quarter valued at $48,000.

Boot Barn Trading Down 5.7%

BOOT stock traded down $10.81 during mid-day trading on Friday, hitting $177.62. 376,757 shares of the company were exchanged, compared to its average volume of 851,620. The company has a market capitalization of $5.43 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 1.86 and a beta of 1.62. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month high of $191.31. The firm has a fifty day simple moving average of $172.75 and a 200 day simple moving average of $142.79.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $504.07 million during the quarter, compared to analyst estimates of $489.49 million. Boot Barn had a net margin of 9.81% and a return on equity of 17.73%. The business's revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period in the prior 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, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Wall Street Analyst Weigh In

BOOT has been the topic of a number of research analyst reports. BTIG Research lifted their price target on shares of Boot Barn from $200.00 to $218.00 and gave the company a "buy" rating in a report on Friday, August 1st. UBS Group lifted their price target on shares of Boot Barn from $156.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Piper Sandler lifted their price target on shares of Boot Barn from $184.00 to $185.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Robert W. Baird lifted their price target on shares of Boot Barn from $140.00 to $180.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Finally, Cowen reiterated a "buy" rating on shares of Boot Barn in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $182.54.

Boot Barn Company 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.