Boot Barn Holdings, Inc. $BOOT Shares Bought by Congress Asset Management Co.

Key Points

• Congress Asset Management Co. increased its stake in Boot Barn Holdings by 0.3%, owning 1.50% of the company worth approximately $69.79 million.
• Boot Barn reported a strong quarterly earnings performance with $1.74 earnings per share, surpassing estimates and a year-over-year revenue increase of 19.1%.
• Analysts have varied ratings for Boot Barn, with JPMorgan raising the target price from $207 to $247 while Jefferies downgraded their rating to "hold" and set a lower target price of $175.

Congress Asset Management Co. lifted its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 459,153 shares of the company's stock after acquiring an additional 1,478 shares during the quarter. Congress Asset Management Co. owned 1.50% of Boot Barn worth $69,791,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BOOT. Public Employees Retirement System of Ohio raised its holdings in Boot Barn by 2,727.9% during the second quarter. Public Employees Retirement System of Ohio now owns 7,805 shares of the company's stock worth $1,186,000 after purchasing an additional 7,529 shares during the last quarter. Maseco LLP purchased a new position in shares of Boot Barn in the second quarter valued at $40,000. GAMMA Investing LLC raised its stake in shares of Boot Barn by 252.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,378 shares of the company's stock worth $209,000 after buying an additional 987 shares during the last quarter. Park Avenue Securities LLC boosted its position in shares of Boot Barn by 40.6% in the 2nd quarter. Park Avenue Securities LLC now owns 2,760 shares of the company's stock worth $420,000 after buying an additional 797 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in shares of Boot Barn in the 2nd quarter worth about $341,000.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Boot Barn from $207.00 to $247.00 and gave the company an "overweight" rating in a report on Monday, July 28th. BTIG Research increased their price target on shares of Boot Barn from $200.00 to $218.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Piper Sandler lifted their price objective on Boot Barn from $184.00 to $185.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Jefferies Financial Group cut Boot Barn from a "buy" rating to a "hold" rating and lowered their target price for the company from $187.00 to $175.00 in a report on Wednesday, July 23rd. Finally, Cowen reissued a "buy" rating on shares of Boot Barn in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $182.54.

Boot Barn Stock Performance

BOOT stock opened at $170.26 on Friday. Boot Barn Holdings, Inc. has a one year low of $86.17 and a one year high of $191.31. The stock has a market capitalization of $5.20 billion, a P/E ratio of 26.85, a PEG ratio of 1.71 and a beta of 1.62. The company has a 50 day moving average price of $174.35 and a two-hundred day moving average price of $146.87.

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