Deutsche Bank AG Cuts Stock Position in Boot Barn Holdings, Inc. $BOOT

Key Points

• Deutsche Bank AG has reduced its shareholding in Boot Barn Holdings by 8.7%, now owning 25,126 shares valued at approximately $2.7 million.
• Boot Barn exceeded quarterly expectations, reporting an EPS of $1.74 and revenue of $504.07 million, which is a 19.1% increase year-over-year.
• The company has authorized a $200 million stock buyback plan, indicating the board's belief in the current undervaluation of its shares.

Deutsche Bank AG decreased its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 8.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,126 shares of the company's stock after selling 2,388 shares during the period. Deutsche Bank AG owned 0.08% of Boot Barn worth $2,699,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BOOT. Opal Wealth Advisors LLC bought a new stake in Boot Barn during the 1st quarter worth approximately $29,000. Golden State Wealth Management LLC raised its stake 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 period. Versant Capital Management Inc raised its stake 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 period. Bayforest Capital Ltd bought a new stake in Boot Barn during the 1st quarter worth approximately $48,000. Finally, First Horizon Advisors Inc. raised its stake 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 acquiring an additional 226 shares during the period.

Boot Barn Stock Performance

BOOT traded down $0.5550 during trading on Monday, reaching $172.9450. 404,511 shares of the company traded hands, compared to its average volume of 693,476. Boot Barn Holdings, Inc. has a 12-month low of $86.17 and a 12-month high of $183.60. The firm has a fifty day simple moving average of $166.67 and a 200 day simple moving average of $138.55. The company has a market cap of $5.29 billion, a P/E ratio of 27.28, a PEG ratio of 1.76 and a beta of 1.76.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $1.74 earnings per share for the quarter, beating analysts' consensus estimates of $1.55 by $0.19. Boot Barn had a net margin of 9.81% and a return on equity of 17.73%. The firm had revenue of $504.07 million during the quarter, compared to analyst estimates of $489.49 million. During the same period last year, the firm posted $1.26 earnings per share. Boot Barn's revenue for the quarter 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. As a group, sell-side analysts expect that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Boot Barn declared that its board has authorized a share repurchase plan on Wednesday, May 14th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to purchase up to 4.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

BOOT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Boot Barn from $207.00 to $247.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Cowen restated a "buy" rating on shares of Boot Barn in a research note on Monday, July 28th. Bank of America raised their target price on shares of Boot Barn from $160.00 to $173.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Robert W. Baird increased their price objective 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, Piper Sandler increased their price objective 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. 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's stock. Based on data from MarketBeat.com, Boot Barn currently has a consensus rating of "Moderate Buy" and an average 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.