126,027 Shares in Boot Barn Holdings, Inc. $BOOT Bought by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. has acquired a new position in Boot Barn Holdings, purchasing 126,027 shares valued at approximately $13.54 million, representing 0.41% ownership.
• Many hedge funds, including Bank of America and BNP Paribas, have increased their stakes in Boot Barn, indicating a growing institutional interest in the company.
• Wall Street analysts have mixed opinions on Boot Barn, with price targets ranging from $175 to $210, and a general consensus rating of "Moderate Buy" at an average target price of $182.54.

Jacobs Levy Equity Management Inc. purchased a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 126,027 shares of the company's stock, valued at approximately $13,539,000. Jacobs Levy Equity Management Inc. owned approximately 0.41% of Boot Barn as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Invesco Ltd. grew its stake in shares of Boot Barn by 24.8% during the 1st quarter. Invesco Ltd. now owns 903,453 shares of the company's stock worth $97,058,000 after acquiring an additional 179,710 shares in the last quarter. Artemis Investment Management LLP grew its stake in shares of Boot Barn by 206.5% during the 1st quarter. Artemis Investment Management LLP now owns 734,023 shares of the company's stock worth $78,856,000 after acquiring an additional 494,523 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Boot Barn by 15.3% during the 1st quarter. American Century Companies Inc. now owns 569,390 shares of the company's stock worth $61,170,000 after acquiring an additional 75,413 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Boot Barn by 42.1% in the 1st quarter. Ameriprise Financial Inc. now owns 503,619 shares of the company's stock valued at $54,110,000 after buying an additional 149,115 shares during the last quarter. Finally, Stephens Investment Management Group LLC boosted its holdings 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 last quarter.

Boot Barn Stock Down 6.2%

Shares of BOOT traded down $11.72 during midday trading on Friday, reaching $176.70. 333,952 shares of the stock were exchanged, compared to its average volume of 851,347. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month high of $191.31. The company has a market cap of $5.40 billion, a P/E ratio of 27.87, a PEG ratio of 1.86 and a beta of 1.62. The stock's 50 day simple moving average is $172.75 and its 200 day simple moving average is $142.79.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $1.74 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.19. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.The company had revenue of $504.07 million during the quarter, compared to the consensus estimate of $489.49 million. During the same quarter last year, the firm earned $1.26 earnings per share. The company's revenue was up 19.1% on a year-over-year basis. 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, analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on BOOT. Piper Sandler increased their price objective on Boot Barn from $184.00 to $185.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Robert W. Baird increased their price objective on Boot Barn from $140.00 to $180.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Bank of America increased their price objective on Boot Barn from $160.00 to $173.00 and gave the company a "buy" rating in a report on Thursday, May 15th. UBS Group increased their price objective on Boot Barn from $156.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, May 15th. 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $182.54.

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.