Boot Barn Holdings, Inc. $BOOT Shares Sold by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. reduced its stake in Boot Barn Holdings, Inc. by 66.1% during Q1, holding 1,950 shares worth approximately $209,000 after selling 3,810 shares.
• Boot Barn's recent quarterly earnings report showed an EPS of $1.74, exceeding the consensus estimate by $0.19, and revenue of $504.07 million, up 19.1% year-over-year.
• Research firms have raised their price targets for Boot Barn shares, with the average target now at $182.54, and the stock rating changed to a "Moderate Buy."

Nomura Holdings Inc. lowered its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 66.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,950 shares of the company's stock after selling 3,810 shares during the quarter. Nomura Holdings Inc.'s holdings in Boot Barn were worth $209,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of BOOT. Cetera Investment Advisers grew its position in shares of Boot Barn by 1.0% in the 4th quarter. Cetera Investment Advisers now owns 8,179 shares of the company's stock worth $1,242,000 after buying an additional 83 shares during the last quarter. Park Avenue Securities LLC boosted its stake in Boot Barn by 5.7% in the first quarter. Park Avenue Securities LLC now owns 1,963 shares of the company's stock valued at $211,000 after acquiring an additional 105 shares in the last quarter. Xponance Inc. grew its holdings in Boot Barn by 5.5% in the first quarter. Xponance Inc. now owns 2,292 shares of the company's stock worth $246,000 after purchasing an additional 120 shares during the last quarter. Intrust Bank NA increased its position in shares of Boot Barn by 3.4% during the first quarter. Intrust Bank NA now owns 4,702 shares of the company's stock worth $505,000 after purchasing an additional 153 shares in the last quarter. Finally, Rafferty Asset Management LLC increased its position in shares of Boot Barn by 6.1% during the first quarter. Rafferty Asset Management LLC now owns 3,013 shares of the company's stock worth $324,000 after purchasing an additional 174 shares in the last quarter.

Boot Barn Stock Up 2.6%

Shares of BOOT traded up $4.78 during mid-day trading on Thursday, reaching $188.38. The company had a trading volume of 565,997 shares, compared to its average volume of 445,922. The stock has a market capitalization of $5.76 billion, a P/E ratio of 29.71, a PEG ratio of 1.86 and a beta of 1.62. Boot Barn Holdings, Inc. has a 52-week low of $86.17 and a 52-week high of $191.31. The stock has a 50 day moving average of $172.75 and a two-hundred day moving average of $142.79.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.19. The firm had revenue of $504.07 million during the quarter, compared to analysts' expectations of $489.49 million. Boot Barn had a net margin of 9.81% and a return on equity of 17.73%. The business's revenue was up 19.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.26 EPS. 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 earnings per share for the current year.

Boot Barn declared that its Board of Directors has initiated a share repurchase program on Wednesday, May 14th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 4.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

BOOT has been the subject of a number of research analyst reports. Jefferies Financial Group cut Boot Barn from a "buy" rating to a "hold" rating and decreased their price target for the company from $187.00 to $175.00 in a research note on Wednesday, July 23rd. Cowen reaffirmed a "buy" rating on shares of Boot Barn in a research report on Monday, July 28th. Piper Sandler boosted their target price on shares of Boot Barn from $184.00 to $185.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Bank of America upped their price target on shares of Boot Barn from $160.00 to $173.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, BTIG Research lifted their price objective on shares of Boot Barn from $200.00 to $218.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Boot Barn currently has a consensus rating of "Moderate Buy" and a consensus 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.