Boot Barn Holdings, Inc. $BOOT Shares Newly Acquired by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors acquired 142,314 Boot Barn shares valued at approximately $17.1 million, representing about 0.47% of the company.
• Analysts remain broadly bullish, with 12 Buy ratings, one Strong Buy and one Hold; the average price target is $211.25 despite several recent target reductions.
• Boot Barn reported stronger-than-expected quarterly results, with EPS of $2.29 beating estimates by $0.60 and revenue rising 17.7% year over year to $593.5 million.

Fort Washington Investment Advisors Inc. OH purchased a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 142,314 shares of the company's stock, valued at approximately $17,145,000. Fort Washington Investment Advisors Inc. OH owned about 0.47% of Boot Barn at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CoreCap Advisors LLC raised its position in shares of Boot Barn by 85.8% during the third quarter. CoreCap Advisors LLC now owns 223 shares of the company's stock worth $27,000 after acquiring an additional 103 shares during the last quarter. OLD National Bancorp IN lifted its stake in shares of Boot Barn by 8.7% in the first quarter. OLD National Bancorp IN now owns 1,556 shares of the company's stock worth $228,000 after acquiring an additional 125 shares during the period. GAMMA Investing LLC lifted its stake in shares of Boot Barn by 8.7% in the third quarter. GAMMA Investing LLC now owns 1,578 shares of the company's stock worth $190,000 after acquiring an additional 126 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Boot Barn by 2.7% in the first quarter. PNC Financial Services Group Inc. now owns 5,044 shares of the company's stock valued at $738,000 after acquiring an additional 131 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Boot Barn by 94.4% in the third quarter. Farther Finance Advisors LLC now owns 315 shares of the company's stock valued at $38,000 after acquiring an additional 153 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. TD Cowen lowered their price target on shares of Boot Barn from $225.00 to $190.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Zacks Research upgraded shares of Boot Barn from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 3rd. Robert W. Baird reduced their price objective on shares of Boot Barn from $212.00 to $160.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 29th. Citigroup decreased their price objective on shares of Boot Barn from $205.00 to $180.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Weiss Ratings upgraded shares of Boot Barn from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Boot Barn currently has an average rating of "Buy" and a consensus price target of $211.25.

Boot Barn Trading Up 6.5%

BOOT stock opened at $120.14 on Friday. The stock has a 50-day moving average price of $140.78 and a 200-day moving average price of $152.94. Boot Barn Holdings, Inc. has a 1-year low of $110.53 and a 1-year high of $210.25. The firm has a market cap of $3.64 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 0.73 and a beta of 1.76.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.60. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%. The company had revenue of $593.51 million for the quarter, compared to the consensus estimate of $583.15 million. During the same period in the previous year, the business earned $1.74 EPS. The firm's revenue was up 17.7% compared to the same quarter last year. Boot Barn has set its FY 2027 guidance at 8.800-9.230 EPS and its Q2 2027 guidance at 1.550-1.650 EPS. On average, analysts forecast that Boot Barn Holdings, Inc. will post 9.18 earnings per share for the current year.

Boot Barn Company Profile

Boot Barn Holdings, Inc is a specialty retailer focused on western and work-related apparel, footwear and accessories. The company sells products for men, women and children, including western boots, work boots, jeans, shirts, jackets, hats, belts, jewelry and other lifestyle merchandise. Its assortment includes national brands as well as exclusive and private-label offerings.

Boot Barn serves customers through a network of retail stores across the United States and through its e-commerce platforms.

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