Boot Barn Holdings, Inc. $BOOT Shares Acquired by Whittier Trust Co. of Nevada Inc.

Key Points

• Whittier Trust Co. of Nevada Inc. increased its stake in Boot Barn Holdings, Inc. by 3.3% during Q2, owning 51,755 shares worth approximately $7.87 million.
• Boot Barn reported strong quarterly earnings, with $1.74 EPS surpassing analysts' expectations of $1.55, and a 19.1% increase in revenue year-over-year.
• Analysts have shown optimism towards Boot Barn, with JPMorgan raising its target price from $207 to $247, maintaining an "overweight" rating.

Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,755 shares of the company's stock after purchasing an additional 1,666 shares during the period. Whittier Trust Co. of Nevada Inc. owned 0.17% of Boot Barn worth $7,867,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Invesco Ltd. boosted its holdings in shares of Boot Barn by 24.8% during the 1st quarter. Invesco Ltd. now owns 903,453 shares of the company's stock worth $97,058,000 after purchasing an additional 179,710 shares during the last quarter. Artemis Investment Management LLP boosted its holdings 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 worth $78,856,000 after purchasing an additional 494,523 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Boot Barn by 15.3% during the 1st quarter. American Century Companies Inc. now owns 569,390 shares of the company's stock worth $61,170,000 after purchasing an additional 75,413 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Boot Barn by 42.1% during the 1st quarter. Ameriprise Financial Inc. now owns 503,619 shares of the company's stock worth $54,110,000 after purchasing an additional 149,115 shares during the last quarter. Finally, Stephens Investment Management Group LLC boosted its holdings in shares of Boot Barn by 51.4% during the 1st quarter. Stephens Investment Management Group LLC now owns 465,787 shares of the company's stock worth $50,039,000 after purchasing an additional 158,195 shares during the last quarter.

Boot Barn Stock Up 2.4%

NYSE:BOOT opened at $189.41 on Tuesday. The stock's fifty day moving average is $175.07 and its two-hundred day moving average is $155.56. Boot Barn Holdings, Inc. has a 52 week low of $86.17 and a 52 week high of $191.31. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 1.86 and a beta of 1.61.

Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $1.74 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.19. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.The company had revenue of $504.07 million for the quarter, compared to analysts' expectations of $489.49 million. During the same period in the prior year, the firm earned $1.26 earnings per share. The firm's revenue was up 19.1% compared to the same quarter last year. Boot Barn has set its Q2 2026 guidance at 1.190-1.270 EPS. FY 2026 guidance at 5.800-6.700 EPS. On average, sell-side analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted 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. Jefferies Financial Group cut Boot Barn from a "buy" rating to a "hold" rating and decreased their price objective for the company from $187.00 to $175.00 in a report on Wednesday, July 23rd. Piper Sandler upped their price objective on Boot Barn from $184.00 to $185.00 and gave the company an "overweight" rating in a report on Monday, July 28th. BTIG Research upped their price objective on Boot Barn from $200.00 to $218.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, KeyCorp upped their price objective on Boot Barn from $195.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $182.54.

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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