Russell Investments Group Ltd. Grows Stock Position in Boot Barn Holdings, Inc. $BOOT

Russell Investments Group Ltd. boosted its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 81.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 126,723 shares of the company's stock after acquiring an additional 56,815 shares during the quarter. Russell Investments Group Ltd. owned 0.41% of Boot Barn worth $13,614,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BOOT. Opal Wealth Advisors LLC purchased a new stake in shares of Boot Barn in the first quarter valued at approximately $29,000. Golden State Wealth Management LLC boosted its holdings in shares of Boot Barn by 263.6% in the first quarter. Golden State Wealth Management LLC now owns 280 shares of the company's stock valued at $30,000 after purchasing an additional 203 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Boot Barn by 210.8% in the first quarter. Versant Capital Management Inc now owns 317 shares of the company's stock valued at $34,000 after purchasing an additional 215 shares during the period. Bayforest Capital Ltd purchased a new stake in shares of Boot Barn in the first quarter valued at approximately $48,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Boot Barn by 20.6% in the first quarter. First Horizon Advisors Inc. now owns 1,321 shares of the company's stock valued at $142,000 after purchasing an additional 226 shares during the period.

Boot Barn Stock Up 2.2%

Shares of Boot Barn stock traded up $3.7750 on Friday, reaching $173.1250. The stock had a trading volume of 114,020 shares, compared to its average volume of 884,256. The company has a 50 day moving average price of $166.17 and a 200 day moving average price of $138.17. Boot Barn Holdings, Inc. has a 1 year low of $86.17 and a 1 year high of $183.60. The stock has a market capitalization of $5.29 billion, a P/E ratio of 27.31, a P/E/G ratio of 1.71 and a beta of 1.76.

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

Boot Barn announced that its board has approved a share repurchase plan on Wednesday, May 14th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to purchase up to 4.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BOOT shares. JPMorgan Chase & Co. boosted their price target on Boot Barn from $207.00 to $247.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Cowen reiterated a "buy" rating on shares of Boot Barn in a report on Monday, July 28th. UBS Group boosted their price target on Boot Barn from $156.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, May 15th. BTIG Research boosted their price target on Boot Barn from $200.00 to $218.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Robert W. Baird boosted their price target on Boot Barn from $140.00 to $180.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.