Taylor Frigon Capital Management LLC Decreases Position in Boot Barn Holdings, Inc. $BOOT

Key Points

• Taylor Frigon Capital Management LLC reduced its stake in Boot Barn Holdings, Inc. by 23.1% during Q2, selling 4,275 shares and holding 14,248 shares worth approximately $2,166,000.
• Boot Barn's recent earnings report showed $1.74 earnings per share (EPS), exceeding expectations, with a revenue of $504.07 million, marking a 19.1% increase from the previous year.
• Wall Street analysts have collectively rated Boot Barn with a consensus of "Moderate Buy", with targets ranging from $182.54 to as high as $247.00.

Taylor Frigon Capital Management LLC reduced its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 23.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 14,248 shares of the company's stock after selling 4,275 shares during the period. Taylor Frigon Capital Management LLC's holdings in Boot Barn were worth $2,166,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in shares of Boot Barn during the 1st quarter worth approximately $29,000. Golden State Wealth Management LLC boosted 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 valued at $30,000 after buying an additional 203 shares during the last quarter. Versant Capital Management Inc raised its stake in Boot Barn by 210.8% during the first quarter. Versant Capital Management Inc now owns 317 shares of the company's stock valued at $34,000 after buying an additional 215 shares in the last quarter. Maseco LLP bought a new position in Boot Barn in the second quarter worth about $40,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in Boot Barn in the 1st quarter valued at about $44,000.

Boot Barn Price Performance

Shares of BOOT opened at $169.24 on Monday. The company has a market capitalization of $5.17 billion, a P/E ratio of 26.69, a PEG ratio of 1.72 and a beta of 1.62. Boot Barn Holdings, Inc. has a one year low of $86.17 and a one year high of $191.31. The business's 50 day simple moving average is $174.32 and its 200-day simple moving average is $147.97.

Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $489.49 million. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.The firm's revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period in the previous 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. On average, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BOOT has been the subject of several research reports. KeyCorp raised their price objective on shares of Boot Barn from $195.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Piper Sandler boosted their price target on Boot Barn from $184.00 to $185.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. raised their price objective on shares of Boot Barn from $207.00 to $247.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. BTIG Research increased their target price on Boot Barn from $200.00 to $218.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Cowen restated a "buy" rating on shares of Boot Barn in a research report on Monday, July 28th. One 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $182.54.

About Boot Barn

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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