Emerald Investment Advisers LLC Makes New Investment in Boot Barn Holdings, Inc. $BOOT

Emerald Investment Advisers LLC acquired a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 38,690 shares of the company's stock, valued at approximately $6,356,000. Emerald Investment Advisers LLC owned 0.13% of Boot Barn as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. IFP Advisors Inc grew its holdings in shares of Boot Barn by 7.2% during the fourth quarter. IFP Advisors Inc now owns 942 shares of the company's stock worth $166,000 after buying an additional 63 shares during the last quarter. Cynosure Group LLC increased its position in Boot Barn by 3.3% in the 4th quarter. Cynosure Group LLC now owns 2,435 shares of the company's stock valued at $430,000 after acquiring an additional 78 shares during the period. Farther Finance Advisors LLC raised its stake in Boot Barn by 20.7% during the 4th quarter. Farther Finance Advisors LLC now owns 496 shares of the company's stock valued at $88,000 after acquiring an additional 85 shares during the last quarter. State of Wisconsin Investment Board raised its stake in Boot Barn by 0.3% during the 4th quarter. State of Wisconsin Investment Board now owns 33,374 shares of the company's stock valued at $5,890,000 after acquiring an additional 89 shares during the last quarter. Finally, MML Investors Services LLC lifted its position in Boot Barn by 2.2% during the 2nd quarter. MML Investors Services LLC now owns 4,262 shares of the company's stock worth $648,000 after acquiring an additional 93 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BOOT. Weiss Ratings downgraded Boot Barn from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday. Bank of America cut their price target on Boot Barn from $224.00 to $206.00 and set a "buy" rating for the company in a research note on Friday, May 15th. UBS Group set a $225.00 price target on Boot Barn in a report on Wednesday, June 17th. BTIG Research lowered their price objective on shares of Boot Barn from $235.00 to $215.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Finally, Stephens boosted their price objective on shares of Boot Barn from $196.00 to $207.00 and gave the company an "overweight" rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $219.55.

Boot Barn Trading Up 2.6%

Shares of BOOT opened at $164.44 on Friday. Boot Barn Holdings, Inc. has a twelve month low of $133.18 and a twelve month high of $210.25. The stock's 50 day moving average is $161.33 and its two-hundred day moving average is $165.54. The firm has a market capitalization of $4.98 billion, a PE ratio of 20.82, a P/E/G ratio of 1.03 and a beta of 1.71.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.60. The business had revenue of $593.51 million during the quarter, compared to the consensus estimate of $583.15 million. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.The company's revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.74 EPS. 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, sell-side analysts predict that Boot Barn Holdings, Inc. will post 9.18 EPS for the current year.

About Boot Barn

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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