Fuller & Thaler Asset Management Inc. Boosts Holdings in Boot Barn Holdings, Inc. $BOOT

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Boot Barn Holdings by 24.9%, owning 347,340 shares worth approximately $37.3 million as of the latest SEC filing.
• Multiple hedge funds have also boosted their positions in Boot Barn, including Artemis Investment Management LLP, which raised its stake by 206.5%.
• Boot Barn's stock has been given a consensus rating of "Moderate Buy" by analysts, with price targets raised by several firms to as high as $218.00.

Fuller & Thaler Asset Management Inc. grew its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 24.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 347,340 shares of the company's stock after buying an additional 69,279 shares during the period. Fuller & Thaler Asset Management Inc. owned 1.14% of Boot Barn worth $37,315,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Invesco Ltd. grew its stake in shares of Boot Barn by 24.8% in the 1st quarter. Invesco Ltd. now owns 903,453 shares of the company's stock valued at $97,058,000 after buying an additional 179,710 shares during the period. Artemis Investment Management LLP grew its stake in shares of Boot Barn by 206.5% in the 1st quarter. Artemis Investment Management LLP now owns 734,023 shares of the company's stock valued at $78,856,000 after buying an additional 494,523 shares during the period. American Century Companies Inc. grew its stake in shares of Boot Barn by 15.3% in the 1st quarter. American Century Companies Inc. now owns 569,390 shares of the company's stock valued at $61,170,000 after buying an additional 75,413 shares during the period. Stephens Investment Management Group LLC grew its stake in shares of Boot Barn by 51.4% in the 1st quarter. Stephens Investment Management Group LLC now owns 465,787 shares of the company's stock valued at $50,039,000 after buying an additional 158,195 shares during the period. Finally, Congress Asset Management Co. grew its stake in shares of Boot Barn by 5.5% in the 1st quarter. Congress Asset Management Co. now owns 457,675 shares of the company's stock valued at $49,168,000 after buying an additional 23,880 shares during the period.

Analyst Upgrades and Downgrades

BOOT has been the subject of several analyst reports. KeyCorp increased their price target on shares of Boot Barn from $195.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. UBS Group increased their price objective on shares of Boot Barn from $156.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Cowen reaffirmed a "buy" rating on shares of Boot Barn in a research report on Monday, July 28th. Bank of America increased their price objective on shares of Boot Barn from $160.00 to $173.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, BTIG Research increased their price objective on shares of Boot Barn from $200.00 to $218.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $182.54.

Insider Buying and Selling

In other Boot Barn news, insider Michael A. Love sold 4,154 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $155.34, for a total transaction of $645,282.36. Following the sale, the insider directly owned 2,112 shares in the company, valued at $328,078.08. This represents a 66.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Laurie Marie Grijalva sold 2,438 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $160.67, for a total transaction of $391,713.46. Following the sale, the insider owned 14,593 shares in the company, valued at approximately $2,344,657.31. This trade represents a 14.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

Boot Barn Stock Down 1.8%

Boot Barn stock opened at $164.3230 on Wednesday. The firm has a market cap of $5.02 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 1.70 and a beta of 1.76. Boot Barn Holdings, Inc. has a 52-week low of $86.17 and a 52-week high of $183.60. The company's 50 day moving average is $165.90 and its two-hundred day moving average is $137.79.

Boot Barn (NYSE:BOOT - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $1.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.55 by $0.19. The company had revenue of $504.07 million for the quarter, compared to analyst estimates of $489.49 million. Boot Barn had a net margin of 9.81% and a return on equity of 17.73%. The firm's quarterly revenue was up 19.1% on a year-over-year basis. During the same period in the prior year, the business earned $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. On average, equities research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Boot Barn announced that its board has initiated a share buyback program on Wednesday, May 14th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 4.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Boot Barn 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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