Jupiter Topco LLC Takes $34.39 Million Position in Boot Barn Holdings, Inc. $BOOT

Key Points

• Jupiter Topco LLC acquired 209,319 Boot Barn shares worth approximately $34.39 million, representing about 0.69% of the retailer, during the second quarter.
• Boot Barn reported quarterly EPS of $2.29, beating estimates by $0.60, while revenue rose 17.7% year over year to $593.51 million.
• Despite the stock trading at $155.41, analysts maintain a consensus “Buy” rating with an average price target of $219.55.

Jupiter Topco LLC purchased a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 209,319 shares of the company's stock, valued at approximately $34,389,000. Jupiter Topco LLC owned approximately 0.69% of Boot Barn at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of BOOT. Royal Bank of Canada raised its holdings in Boot Barn by 50.3% during the first quarter. Royal Bank of Canada now owns 34,676 shares of the company's stock worth $3,725,000 after purchasing an additional 11,598 shares during the last quarter. AQR Capital Management LLC grew its holdings in Boot Barn by 198.0% in the first quarter. AQR Capital Management LLC now owns 8,906 shares of the company's stock valued at $957,000 after purchasing an additional 5,917 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Boot Barn by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company's stock valued at $1,894,000 after purchasing an additional 779 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Boot Barn by 23.6% in the first quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company's stock valued at $34,771,000 after buying an additional 61,719 shares in the last quarter. Finally, United Services Automobile Association acquired a new position in shares of Boot Barn during the 1st quarter worth $209,000.

Boot Barn Stock Down 0.1%

BOOT opened at $155.41 on Friday. The firm has a market cap of $4.71 billion, a P/E ratio of 19.67, a PEG ratio of 1.00 and a beta of 1.71. Boot Barn Holdings, Inc. has a 52 week low of $133.18 and a 52 week high of $210.25. The business's fifty day simple moving average is $160.34 and its 200 day simple moving average is $164.51.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.60. The firm had revenue of $593.51 million during the quarter, compared to the consensus estimate of $583.15 million. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. The firm's revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.74 EPS. Boot Barn has set its FY 2027 guidance at 8.800-9.230 EPS and its Q2 2027 guidance at 1.550-1.650 EPS. As a group, equities analysts expect that Boot Barn Holdings, Inc. will post 9.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BOOT has been the topic of a number of research reports. Zacks Research raised shares of Boot Barn from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 3rd. UBS Group set a $225.00 target price on shares of Boot Barn in a research report on Wednesday, June 17th. TD Cowen reduced their price target on shares of Boot Barn from $225.00 to $190.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Robert W. Baird set a $212.00 price target on shares of Boot Barn in a research report on Thursday, July 30th. Finally, Bank of America dropped their price objective on shares of Boot Barn from $224.00 to $206.00 and set a "buy" rating for the company in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $219.55.

Boot Barn Profile

Boot Barn, Inc is a leading specialty retailer focused on western and work-related footwear, apparel and accessories. The company operates full-price and outlet retail stores under the Boot Barn and BootBarn.com brands, offering a wide assortment of cowboy boots, work boots, casual and fashion footwear, western and work apparel, hats, belts and related accessories. In addition to its brick-and-mortar network, Boot Barn maintains an e-commerce platform to serve customers seeking ranch-and-rodeo style clothing and rugged workwear from coast to coast.

Founded in 1978 in Southern California, Boot Barn began as a single store catering to ranchers, farmworkers and western enthusiasts.

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