Burney Co. Takes Position in Boot Barn Holdings, Inc. $BOOT

Key Points

• Burney Co. bought a new stake of 21,430 shares of Boot Barn (NYSE:BOOT), valued at about $3.78 million, representing roughly 0.07% of the company.
• Boot Barn reported Q results with $2.79 EPS (in line with estimates) and revenue of $705.6M (up 16% YoY), and issued FY 2026 guidance of 7.25–7.35 EPS (Q4 guidance 1.35–1.45 EPS).
• Institutional interest is rising (e.g., Principal Financial increased holdings to 352,816 shares, ~$58.5M; Federated Hermes opened a ~$13.4M stake), and analysts hold a consensus “Moderate Buy” with a $217 target.

Burney Co. purchased a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 21,430 shares of the company's stock, valued at approximately $3,782,000. Burney Co. owned about 0.07% of Boot Barn at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of Boot Barn by 132.4% during the 3rd quarter. Principal Financial Group Inc. now owns 352,816 shares of the company's stock valued at $58,469,000 after buying an additional 201,026 shares during the last quarter. Federated Hermes Inc. acquired a new stake in shares of Boot Barn during the 3rd quarter valued at about $13,407,000. Alliance Wealth Advisors LLC UT acquired a new stake in shares of Boot Barn during the 3rd quarter valued at about $607,000. GatePass Capital LLC acquired a new stake in shares of Boot Barn during the 3rd quarter valued at about $1,662,000. Finally, Fieldview Capital Management LLC lifted its holdings in shares of Boot Barn by 1,197.6% during the 3rd quarter. Fieldview Capital Management LLC now owns 17,634 shares of the company's stock valued at $2,922,000 after buying an additional 16,275 shares during the last quarter.

Boot Barn Stock Performance

Shares of BOOT stock opened at $155.47 on Monday. The stock's 50 day simple moving average is $173.17 and its 200 day simple moving average is $181.65. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month high of $210.25. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 0.94 and a beta of 1.75.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $2.79 earnings per share for the quarter, meeting analysts' consensus estimates of $2.79. The business had revenue of $705.64 million for the quarter, compared to the consensus estimate of $700.71 million. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The firm's revenue was up 16.0% compared to the same quarter last year. During the same period last year, the business earned $2.43 EPS. Boot Barn has set its FY 2026 guidance at 7.250-7.350 EPS and its Q4 2026 guidance at 1.350-1.450 EPS. On average, analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Piper Sandler lifted their price target on Boot Barn from $229.00 to $230.00 and gave the company an "overweight" rating in a report on Thursday, February 5th. Zacks Research downgraded Boot Barn from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 12th. Stephens raised Boot Barn from an "equal weight" rating to an "overweight" rating and set a $237.00 price objective on the stock in a research note on Friday, February 6th. Jefferies Financial Group raised Boot Barn from a "hold" rating to a "buy" rating and set a $195.00 price objective on the stock in a research note on Monday, April 6th. Finally, BTIG Research reissued a "buy" rating and issued a $235.00 price objective on shares of Boot Barn in a research note on Thursday, February 5th. Thirteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $217.00.

Boot Barn Profile

Boot Barn, Inc is a leading specialty retailer focused on western and work-related footwear, apparel and accessories. The company operates full-price and outlet retail stores under the Boot Barn and BootBarn.com brands, offering a wide assortment of cowboy boots, work boots, casual and fashion footwear, western and work apparel, hats, belts and related accessories. In addition to its brick-and-mortar network, Boot Barn maintains an e-commerce platform to serve customers seeking ranch-and-rodeo style clothing and rugged workwear from coast to coast.

Founded in 1978 in Southern California, Boot Barn began as a single store catering to ranchers, farmworkers and western enthusiasts.

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