Truist Financial Corp Invests $227,000 in Boot Barn Holdings, Inc. $BOOT

Key Points

• Truist Financial Corp has made a new investment in Boot Barn Holdings, acquiring 1,491 shares worth approximately $227,000 in the second quarter.
• Boot Barn reported better-than-expected earnings of $1.74 per share for the last quarter, exceeding the consensus estimate of $1.55, along with a year-over-year revenue increase of 19.1%.
• Several analysts have updated their price targets for Boot Barn, with BTIG Research increasing its target from $200.00 to $218.00 and maintaining a "buy" rating.

Truist Financial Corp purchased a new position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,491 shares of the company's stock, valued at approximately $227,000.

Other large investors have also bought and sold shares of the company. Golden State Wealth Management LLC boosted its stake in Boot Barn by 263.6% during 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 in the last quarter. Maseco LLP bought a new position in Boot Barn during the second quarter valued at about $40,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Boot Barn during the first quarter valued at about $44,000. Bayforest Capital Ltd bought a new position in Boot Barn during the first quarter valued at about $48,000. Finally, Parallel Advisors LLC boosted its stake in Boot Barn by 512.6% during the second quarter. Parallel Advisors LLC now owns 533 shares of the company's stock valued at $81,000 after buying an additional 446 shares in the last quarter.

Boot Barn Trading Down 1.2%

Shares of Boot Barn stock opened at $184.75 on Friday. The stock has a 50-day moving average price of $174.58 and a 200 day moving average price of $154.52. The company has a market cap of $5.65 billion, a P/E ratio of 29.14, a P/E/G ratio of 1.86 and a beta of 1.61. Boot Barn Holdings, Inc. has a 1 year low of $86.17 and a 1 year high of $191.31.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.74 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $489.49 million. During the same period in the prior year, the business earned $1.26 EPS. The business's revenue for the quarter was up 19.1% on a year-over-year basis. 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, equities analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on BOOT shares. Piper Sandler raised their target price on Boot Barn from $184.00 to $185.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. BTIG Research raised their target price on Boot Barn from $200.00 to $218.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Boot Barn in a report on Wednesday, October 8th. Jefferies Financial Group downgraded Boot Barn from a "buy" rating to a "hold" rating and reduced their target price for the company from $187.00 to $175.00 in a report on Wednesday, July 23rd. Finally, KeyCorp upped their target price on Boot Barn from $195.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $182.54.

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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