Koshinski Asset Management Inc. Buys Shares of 1,460 Boot Barn Holdings, Inc. $BOOT

Key Points

• Koshinski Asset Management Inc. has acquired a new stake in Boot Barn Holdings, purchasing 1,460 shares valued at approximately $222,000.
• Boot Barn reported an earnings per share (EPS) of $1.74 for the last quarter, exceeding analysts' expectations of $1.55, and achieved a year-over-year revenue growth of 19.1%.
• Several analysts have raised their price targets for Boot Barn, with JPMorgan increasing it to $247.00, reflecting strong market confidence in the company's growth potential.

Koshinski Asset Management Inc. bought a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,460 shares of the company's stock, valued at approximately $222,000.

Other hedge funds also recently added to or reduced their stakes in the company. Maseco LLP purchased a new position in Boot Barn in the second quarter valued at about $40,000. Golden State Wealth Management LLC increased its stake in shares of Boot Barn by 263.6% during the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the company's stock worth $30,000 after purchasing an additional 203 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Boot Barn during the 1st quarter worth approximately $44,000. Bayforest Capital Ltd purchased a new position in shares of Boot Barn during the 1st quarter worth approximately $48,000. Finally, Parallel Advisors LLC boosted its position in Boot Barn by 512.6% during the second quarter. Parallel Advisors LLC now owns 533 shares of the company's stock worth $81,000 after acquiring an additional 446 shares during the last quarter.

Boot Barn Price Performance

NYSE BOOT opened at $192.13 on Wednesday. The company's 50 day simple moving average is $175.45 and its 200 day simple moving average is $155.82. Boot Barn Holdings, Inc. has a 12 month low of $86.17 and a 12 month high of $194.81. The company has a market capitalization of $5.87 billion, a P/E ratio of 30.30, a PEG ratio of 1.90 and a beta of 1.61.

Boot Barn (NYSE:BOOT - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $1.74 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $489.49 million. During the same period in the previous year, the firm earned $1.26 EPS. The business's revenue for the quarter 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. On average, analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. BTIG Research raised their target price 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. Cowen reaffirmed a "buy" rating on shares of Boot Barn in a research report on Monday, July 28th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Boot Barn in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of Boot Barn from $207.00 to $247.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, KeyCorp boosted their target price on shares of Boot Barn from $195.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average 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.

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