Deutsche Bank AG purchased a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 45,098 shares of the company's stock, valued at approximately $7,408,000. Deutsche Bank AG owned 0.15% of Boot Barn at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC acquired a new position in shares of Boot Barn during the fourth quarter worth about $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Boot Barn in the third quarter valued at about $49,000. Danske Bank A S raised its holdings in shares of Boot Barn by 200.0% during the 4th quarter. Danske Bank A S now owns 300 shares of the company's stock valued at $53,000 after buying an additional 200 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of Boot Barn by 284.1% during the 4th quarter. Hantz Financial Services Inc. now owns 338 shares of the company's stock valued at $60,000 after buying an additional 250 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in shares of Boot Barn by 702.3% during the 4th quarter. Global Retirement Partners LLC now owns 353 shares of the company's stock valued at $62,000 after buying an additional 309 shares during the period.
Boot Barn Stock Performance
NYSE:BOOT opened at $164.44 on Monday. Boot Barn Holdings, Inc. has a one year low of $133.18 and a one year high of $210.25. The business's 50-day simple moving average is $161.33 and its 200 day simple moving average is $165.42. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.
Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $2.29 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 firm had revenue of $593.51 million during the quarter, compared to the consensus estimate of $583.15 million. During the same quarter in the prior year, the business posted $1.74 earnings per share. Boot Barn's revenue for the quarter was up 17.7% on a year-over-year basis. 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, equities research analysts predict that Boot Barn Holdings, Inc. will post 9.18 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on BOOT shares. Piper Sandler decreased their price target on Boot Barn from $230.00 to $226.00 and set an "overweight" rating for the company in a report on Friday, May 15th. Citigroup reiterated a "buy" rating on shares of Boot Barn in a research note on Monday, May 4th. Bank of America reduced their target price on shares of Boot Barn from $224.00 to $206.00 and set a "buy" rating on the stock in a research report on Friday, May 15th. UBS Group set a $225.00 target price on shares of Boot Barn in a research note on Wednesday, June 17th. Finally, Stephens raised their price target on shares of Boot Barn from $196.00 to $207.00 and gave the company an "overweight" rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Boot Barn has an average rating of "Buy" and an average target price of $219.55.
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Boot Barn Profile
(
Free Report)
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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