First Citizens Bank & Trust Co. Takes Position in Boot Barn Holdings, Inc. $BOOT

First Citizens Bank & Trust Co. purchased a new position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,380 shares of the company's stock, valued at approximately $666,000.

Several other large investors have also added to or reduced their stakes in BOOT. Golden State Wealth Management LLC raised its holdings in Boot Barn by 263.6% in the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the company's stock worth $30,000 after purchasing an additional 203 shares in the last quarter. Maseco LLP bought a new position in Boot Barn in the second quarter worth about $40,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Boot Barn in the first quarter worth about $44,000. Bayforest Capital Ltd bought a new stake in Boot Barn during the 1st quarter valued at approximately $48,000. Finally, Parallel Advisors LLC grew its holdings in shares of Boot Barn by 512.6% during the 2nd quarter. Parallel Advisors LLC now owns 533 shares of the company's stock worth $81,000 after acquiring an additional 446 shares during the period.

Boot Barn Stock Up 1.3%

NYSE:BOOT opened at $197.04 on Friday. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 1.98 and a beta of 1.61. The company's 50 day moving average price is $177.21 and its 200-day moving average price is $157.90. Boot Barn Holdings, Inc. has a 52 week low of $86.17 and a 52 week high of $199.50.

Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings data 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 business had revenue of $504.07 million for the quarter, compared to analysts' expectations of $489.49 million. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.The firm's quarterly revenue was up 19.1% on a year-over-year basis. During the same period in the prior year, the firm 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. As a group, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Wall Street Analyst Weigh In

BOOT has been the subject of a number of research analyst reports. BTIG Research lifted their price target on Boot Barn from $200.00 to $218.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Piper Sandler raised their price objective on Boot Barn from $184.00 to $185.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Jefferies Financial Group cut shares of Boot Barn from a "buy" rating to a "hold" rating and dropped their target price for the company from $187.00 to $175.00 in a report on Wednesday, July 23rd. KeyCorp increased their price target on shares of Boot Barn from $195.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Boot Barn in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.

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