Boot Barn Holdings, Inc. $BOOT Holdings Increased by Select Equity Group L.P.

Key Points

• Select Equity Group L.P. significantly increased its holdings in Boot Barn Holdings, Inc. by 754.7%, owning approximately 0.34% of the company with a value of $11.02 million.
• Boot Barn reported a 19.1% year-over-year revenue increase for the last quarter, with earnings per share of $1.74, surpassing analyst estimates.
• Several analysts have raised their price targets for Boot Barn, with ratings currently showing a consensus of Moderate Buy and a target price of $182.54.

Select Equity Group L.P. boosted its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 754.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,536 shares of the company's stock after buying an additional 90,539 shares during the quarter. Select Equity Group L.P. owned approximately 0.34% of Boot Barn worth $11,015,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in Boot Barn in the first quarter valued at about $29,000. Golden State Wealth Management LLC increased its holdings in 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 buying an additional 203 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Boot Barn by 210.8% during the first quarter. Versant Capital Management Inc now owns 317 shares of the company's stock worth $34,000 after purchasing an additional 215 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Boot Barn during the first quarter worth $44,000. Finally, Bayforest Capital Ltd acquired a new stake in shares of Boot Barn during the first quarter worth $48,000.

Wall Street Analysts Forecast Growth

BOOT has been the topic of a number of research reports. Jefferies Financial Group cut shares of Boot Barn from a "buy" rating to a "hold" rating and dropped their target price for the stock from $187.00 to $175.00 in a report on Wednesday, July 23rd. 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 report on Friday, August 1st. Citigroup raised their target price on shares of Boot Barn from $137.00 to $180.00 and gave the stock a "buy" rating in a report on Friday, May 16th. KeyCorp raised their target price on shares of Boot Barn from $195.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, UBS Group raised their target price on shares of Boot Barn from $156.00 to $210.00 and gave the stock a "buy" rating in a 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 given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $182.54.

Boot Barn Stock Down 6.0%

NYSE BOOT traded down $11.22 on Friday, hitting $177.21. The stock had a trading volume of 343,642 shares, compared to its average volume of 851,439. Boot Barn Holdings, Inc. has a one year low of $86.17 and a one year high of $191.31. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 27.95, a P/E/G ratio of 1.86 and a beta of 1.62. The company's 50-day moving average is $172.75 and its two-hundred day 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 EPS for the quarter, topping the consensus estimate of $1.55 by $0.19. The firm had revenue of $504.07 million during the quarter, compared to analysts' expectations of $489.49 million. Boot Barn had a net margin of 9.81% and a return on equity of 17.73%. Boot Barn's quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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 year.

Boot Barn Company 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.