Shellback Capital LP Increases Stock Holdings in Boot Barn Holdings, Inc. $BOOT

Key Points

• Shellback Capital LP increased its stake in Boot Barn Holdings by 33.8%, owning 147,600 shares after acquiring 37,300 additional shares during the first quarter.
• Boot Barn reported a net income of $1.74 earnings per share (EPS), surpassing analysts' expectations, with revenue of $504.07 million for the quarter—up 19.1% year-on-year.
• Analyst ratings for Boot Barn are mostly positive, with a consensus rating of "Moderate Buy" and an average target price of $182.54.

Shellback Capital LP boosted its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 33.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,600 shares of the company's stock after buying an additional 37,300 shares during the quarter. Boot Barn accounts for about 1.5% of Shellback Capital LP's holdings, making the stock its 27th biggest holding. Shellback Capital LP owned approximately 0.48% of Boot Barn worth $15,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Boot Barn by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company's stock worth $1,894,000 after buying an additional 779 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Boot Barn during the first quarter worth about $13,539,000. Hancock Whitney Corp boosted its stake in Boot Barn by 7.7% during the first quarter. Hancock Whitney Corp now owns 2,947 shares of the company's stock worth $317,000 after buying an additional 211 shares during the period. Clark Capital Management Group Inc. purchased a new position in Boot Barn during the first quarter worth about $3,995,000. Finally, AQR Capital Management LLC boosted its stake in Boot Barn by 198.0% during the first quarter. AQR Capital Management LLC now owns 8,906 shares of the company's stock worth $957,000 after buying an additional 5,917 shares during the period.

Analyst Ratings Changes

Several brokerages have weighed in on BOOT. KeyCorp increased their target price on shares of Boot Barn from $195.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Citigroup increased their price target on shares of Boot Barn from $137.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Piper Sandler increased their price target on shares of Boot Barn from $184.00 to $185.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. BTIG Research increased their price target 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. Finally, Bank of America increased their price target on shares of Boot Barn from $160.00 to $173.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $182.54.

Boot Barn Trading Down 6.0%

NYSE:BOOT traded down $11.22 during mid-day trading on Friday, hitting $177.21. The stock had a trading volume of 343,642 shares, compared to its average volume of 851,439. The stock has a 50-day simple moving average of $172.75 and a two-hundred day simple moving average of $142.79. The company has a market capitalization of $5.42 billion, a PE ratio of 27.95, a PEG ratio of 1.86 and a beta of 1.62. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month high of $191.31.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.19. The firm had revenue of $504.07 million for 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%. The firm's revenue was up 19.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.26 earnings per share. Boot Barn has set its Q2 2026 guidance at 1.190-1.270 EPS. FY 2026 guidance at 5.800-6.700 EPS. Sell-side analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

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.