Harbor Capital Advisors Inc. Grows Stock Position in Boot Barn Holdings, Inc. $BOOT

Key Points

• Harbor Capital Advisors Inc. increased its ownership in Boot Barn Holdings, Inc. by 60.7% during Q2, bringing its total to 31,814 shares valued at approximately $4.8 million.
• Institutional investors are showing increased interest in Boot Barn, with Artemis Investment Management LLP boosting its stake by 206.5%, now holding 734,023 shares worth nearly $79 million.
• Analysts maintain a Moderate Buy rating on Boot Barn, with a recent price target increase from $207.00 to $247.00 by JPMorgan Chase & Co.

Harbor Capital Advisors Inc. grew its stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 60.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,814 shares of the company's stock after buying an additional 12,012 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.10% of Boot Barn worth $4,836,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Jump Financial LLC purchased a new stake in shares of Boot Barn during the 1st quarter valued at $5,363,000. Oppenheimer Asset Management Inc. lifted its stake in Boot Barn by 29.3% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 14,731 shares of the company's stock worth $1,583,000 after purchasing an additional 3,341 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Boot Barn during the 1st quarter worth approximately $916,000. KBC Group NV increased its holdings in shares of Boot Barn by 21.8% during the 1st quarter. KBC Group NV now owns 1,489 shares of the company's stock worth $160,000 after buying an additional 267 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Boot Barn by 8,368.8% in the 1st quarter. GAMMA Investing LLC now owns 42,005 shares of the company's stock valued at $4,513,000 after purchasing an additional 41,509 shares during the last quarter.

Boot Barn Price Performance

BOOT traded down $2.97 on Friday, hitting $175.77. 863,880 shares of the stock were exchanged, compared to its average volume of 440,924. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 1.79 and a beta of 1.62. Boot Barn Holdings, Inc. has a 12 month low of $86.17 and a 12 month high of $191.31. The business has a 50-day moving average of $174.04 and a two-hundred day moving average of $145.40.

Boot Barn (NYSE:BOOT - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $1.74 earnings per share for the quarter, beating analysts' consensus estimates of $1.55 by $0.19. Boot Barn had a net margin of 9.81% and a return on equity of 17.73%. The business had revenue of $504.07 million during the quarter, compared to the consensus estimate of $489.49 million. During the same quarter in the prior year, the firm posted $1.26 EPS. The company's revenue for the quarter 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. Equities research analysts expect that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BOOT has been the subject of several research reports. JPMorgan Chase & Co. boosted their price target on shares of Boot Barn from $207.00 to $247.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Jefferies Financial Group cut shares of Boot Barn from a "buy" rating to a "hold" rating and reduced their target price for the company from $187.00 to $175.00 in a report on Wednesday, July 23rd. Piper Sandler upped their target price on shares of Boot Barn from $184.00 to $185.00 and gave the company an "overweight" rating in a report on Monday, July 28th. KeyCorp upped their target price on shares of Boot Barn from $195.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Cowen reissued a "buy" rating on shares of Boot Barn in a report on Monday, July 28th. One equities research 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $182.54.

About Boot Barn

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.