Sowell Financial Services LLC Takes Position in Boot Barn Holdings, Inc. $BOOT

Key Points

• Sowell Financial Services LLC has taken a new position in Boot Barn Holdings, acquiring 2,243 shares valued at approximately $341,000 during the second quarter.
• Brokerage analysts have mixed sentiments about Boot Barn, with price targets ranging from $175 to $218, and a consensus rating of "Moderate Buy."
• Boot Barn reported earnings of $1.74 per share for the last quarter, surpassing estimates and reflecting a 19.1% increase in revenue year-over-year.

Sowell Financial Services LLC acquired a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,243 shares of the company's stock, valued at approximately $341,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Assenagon Asset Management S.A. bought a new stake in Boot Barn in the 2nd quarter valued at $591,000. Harbor Capital Advisors Inc. increased its holdings in Boot Barn by 60.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 31,814 shares of the company's stock valued at $4,836,000 after acquiring an additional 12,012 shares during the last quarter. Parallel Advisors LLC increased its holdings in Boot Barn by 512.6% in the 2nd quarter. Parallel Advisors LLC now owns 533 shares of the company's stock valued at $81,000 after acquiring an additional 446 shares during the last quarter. Voya Investment Management LLC increased its holdings in Boot Barn by 20.7% in the 1st quarter. Voya Investment Management LLC now owns 17,491 shares of the company's stock valued at $1,879,000 after acquiring an additional 3,003 shares during the last quarter. Finally, Howe & Rusling Inc. increased its holdings in Boot Barn by 20.8% in the 1st quarter. Howe & Rusling Inc. now owns 3,102 shares of the company's stock valued at $333,000 after acquiring an additional 535 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BOOT. Piper Sandler lifted their price target on shares of Boot Barn from $184.00 to $185.00 and gave the company an "overweight" rating in a report on Monday, July 28th. KeyCorp lifted their price target on shares of Boot Barn from $195.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Jefferies Financial Group downgraded shares of Boot Barn from a "buy" rating to a "hold" rating and reduced their price target for the company from $187.00 to $175.00 in a report on Wednesday, July 23rd. Cowen reiterated a "buy" rating on shares of Boot Barn in a report on Monday, July 28th. Finally, BTIG Research boosted 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $182.54.

Boot Barn Price Performance

Shares of BOOT stock opened at $170.26 on Friday. Boot Barn Holdings, Inc. has a 1 year low of $86.17 and a 1 year high of $191.31. The stock's 50 day simple moving average is $174.35 and its two-hundred day simple moving average is $146.87. The company has a market cap of $5.20 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 1.71 and a beta of 1.62.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.19. The business had revenue of $504.07 million for the quarter, compared to the consensus estimate of $489.49 million. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.The company's quarterly revenue was up 19.1% compared to the same quarter last year. During the same period in the prior year, the business posted $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. Equities research analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS 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.

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