Caption Management LLC Invests $2.42 Million in Boot Barn Holdings, Inc. $BOOT

Key Points

• Caption Management LLC has acquired a new position in Boot Barn Holdings, purchasing 22,500 shares valued at approximately $2.4 million, equating to a 0.07% ownership as of their latest SEC filing.
• Boot Barn's recent earnings report showed an EPS of $1.74, exceeding expectations, with revenues of $504.07 million, marking a 19.1% increase from the previous year.
• Analysts have given Boot Barn an average rating of "Moderate Buy"**, with various price targets ranging from $182.54 to $218.00 after several upgrades and downgrades from multiple research firms.

Caption Management LLC acquired a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,500 shares of the company's stock, valued at approximately $2,417,000. Caption Management LLC owned 0.07% of Boot Barn at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in Boot Barn in the first quarter valued at approximately $29,000. Golden State Wealth Management LLC lifted its position in shares of Boot Barn by 263.6% in the first quarter. Golden State Wealth Management LLC now owns 280 shares of the company's stock valued at $30,000 after acquiring an additional 203 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Boot Barn by 210.8% in the first quarter. Versant Capital Management Inc now owns 317 shares of the company's stock valued at $34,000 after acquiring an additional 215 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Boot Barn in the first quarter valued at approximately $44,000. Finally, Bayforest Capital Ltd purchased a new position in shares of Boot Barn in the first quarter valued at approximately $48,000.

Wall Street Analysts Forecast Growth

BOOT has been the topic of several research reports. Piper Sandler raised their target price on Boot Barn from $184.00 to $185.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. KeyCorp raised their target price on Boot Barn from $195.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Robert W. Baird raised their target price on Boot Barn from $140.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Cowen restated a "buy" rating on shares of Boot Barn in a research report on Monday, July 28th. Finally, Citigroup raised their target price on Boot Barn from $137.00 to $180.00 and gave the company a "buy" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.54.

Boot Barn Price Performance

Boot Barn stock traded down $7.90 during trading on Friday, reaching $182.98. 545,014 shares of the company were exchanged, compared to its average volume of 477,619. Boot Barn Holdings, Inc. has a 52-week low of $86.17 and a 52-week high of $191.31. The company has a market capitalization of $5.59 billion, a P/E ratio of 28.86, a PEG ratio of 1.94 and a beta of 1.62. The stock's 50 day simple moving average is $170.56 and its two-hundred day simple moving average is $141.27.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.74 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.19. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.The firm had revenue of $504.07 million for the quarter, compared to the consensus estimate of $489.49 million. During the same quarter last year, the business posted $1.26 earnings per share. The firm's revenue 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, equities analysts forecast 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 approved a share buyback program on Wednesday, May 14th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 4.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its stock is undervalued.

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.