Jump Financial LLC Invests $5.36 Million in Boot Barn Holdings, Inc. $BOOT

Key Points

• Jump Financial LLC purchased nearly 50,000 shares of Boot Barn Holdings, valued at approximately $5.36 million, representing about 0.16% of the company.
• Boot Barn reported earnings of $1.74 per share for the last quarter, exceeding analysts' expectations and showing a 19.1% year-over-year revenue increase.
• Several analysts have upgraded Boot Barn's stock ratings, with price targets ranging from $180.00 to $247.00, indicating a generally positive outlook on the company's performance.

Jump Financial LLC purchased a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 49,923 shares of the company's stock, valued at approximately $5,363,000. Jump Financial LLC owned about 0.16% of Boot Barn as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. raised its position in Boot Barn by 24.8% in the first quarter. Invesco Ltd. now owns 903,453 shares of the company's stock worth $97,058,000 after acquiring an additional 179,710 shares during the period. Artemis Investment Management LLP boosted its stake in Boot Barn by 206.5% in the first quarter. Artemis Investment Management LLP now owns 734,023 shares of the company's stock valued at $78,856,000 after acquiring an additional 494,523 shares during the last quarter. American Century Companies Inc. boosted its stake in Boot Barn by 15.3% in the first quarter. American Century Companies Inc. now owns 569,390 shares of the company's stock valued at $61,170,000 after acquiring an additional 75,413 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Boot Barn by 42.1% in the first quarter. Ameriprise Financial Inc. now owns 503,619 shares of the company's stock valued at $54,110,000 after acquiring an additional 149,115 shares during the last quarter. Finally, Stephens Investment Management Group LLC boosted its stake in Boot Barn by 51.4% in the first quarter. Stephens Investment Management Group LLC now owns 465,787 shares of the company's stock valued at $50,039,000 after acquiring an additional 158,195 shares during the last quarter.

Boot Barn Stock Performance

Boot Barn stock traded up $1.56 during midday trading on Friday, reaching $178.03. 287,938 shares of the stock were exchanged, compared to its average volume of 871,520. The company's fifty day moving average is $167.43 and its 200-day moving average is $139.32. The firm has a market cap of $5.44 billion, a PE ratio of 28.08, a PEG ratio of 1.80 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.

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. The business 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%. Boot Barn's revenue was up 19.1% on a year-over-year basis. During the same quarter 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. On average, sell-side 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 authorized a share buyback program on Wednesday, May 14th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 4.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have weighed in on BOOT shares. KeyCorp boosted their target price 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 boosted their target price on shares of Boot Barn from $156.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Piper Sandler boosted their target price on shares of Boot Barn from $184.00 to $185.00 and gave the company 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 dropped their target price for the company from $187.00 to $175.00 in a research note on Wednesday, July 23rd. Finally, Robert W. Baird boosted their price target on shares of Boot Barn from $140.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Boot Barn currently has a consensus rating of "Moderate Buy" and a consensus price target 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.