American Century Companies Inc. Purchases 75,413 Shares of Boot Barn Holdings, Inc. $BOOT

Key Points

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American Century Companies Inc. increased its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 15.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 569,390 shares of the company's stock after acquiring an additional 75,413 shares during the period. American Century Companies Inc. owned about 1.86% of Boot Barn worth $61,170,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in Boot Barn during the 1st quarter worth $29,000. Golden State Wealth Management LLC grew its position in Boot Barn by 263.6% during the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the company's stock worth $30,000 after acquiring an additional 203 shares during the last quarter. Versant Capital Management Inc grew its position in Boot Barn by 210.8% during the 1st quarter. Versant Capital Management Inc now owns 317 shares of the company's stock worth $34,000 after acquiring an additional 215 shares during the last quarter. Bayforest Capital Ltd acquired a new position in Boot Barn during the 1st quarter worth about $48,000. Finally, First Horizon Advisors Inc. lifted its holdings in Boot Barn by 20.6% during the 1st quarter. First Horizon Advisors Inc. now owns 1,321 shares of the company's stock worth $142,000 after buying an additional 226 shares during the period.

Boot Barn Stock Performance

Shares of Boot Barn stock traded up $4.1520 on Friday, hitting $173.5020. The company had a trading volume of 409,841 shares, compared to its average volume of 699,525. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 27.37, a P/E/G ratio of 1.72 and a beta of 1.76. Boot Barn Holdings, Inc. has a 1 year low of $86.17 and a 1 year high of $183.60. The stock has a 50 day moving average of $166.49 and a 200-day moving average of $138.37.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.55 by $0.19. The firm had revenue of $504.07 million during the quarter, compared to the consensus estimate of $489.49 million. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.The company's quarterly revenue was up 19.1% compared to the same quarter last year. During the same period in the prior year, the business 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. Equities analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Boot Barn announced that its Board of Directors has approved a share buyback plan on Wednesday, May 14th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to repurchase up to 4.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

BOOT has been the topic of several recent research reports. Citigroup lifted their target price on Boot Barn from $137.00 to $180.00 and gave the stock a "buy" rating in a report on Friday, May 16th. JPMorgan Chase & Co. lifted 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. Robert W. Baird boosted their price objective on Boot Barn from $140.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. UBS Group boosted their price objective on Boot Barn from $156.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, Piper Sandler increased their price target on Boot Barn from $184.00 to $185.00 and gave the stock an "overweight" rating 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 assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.