5,108 Shares in Boot Barn Holdings, Inc. $BOOT Purchased by Carnegie Investment Counsel

Carnegie Investment Counsel acquired a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,108 shares of the company’s stock, valued at approximately $748,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of BOOT. Price T Rowe Associates Inc. MD increased its holdings in shares of Boot Barn by 83.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,103,441 shares of the company’s stock valued at $194,725,000 after acquiring an additional 502,275 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in Boot Barn by 2,547.7% during the third quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company’s stock worth $78,086,000 after purchasing an additional 453,396 shares during the last quarter. Invesco Ltd. boosted its holdings in Boot Barn by 46.3% in the third quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock worth $152,033,000 after purchasing an additional 290,493 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Boot Barn by 38.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 723,309 shares of the company’s stock worth $127,642,000 after purchasing an additional 200,971 shares during the period. Finally, Wedge Capital Management L L P NC bought a new stake in Boot Barn during the fourth quarter valued at $31,113,000.

Boot Barn Stock Performance

Shares of BOOT stock opened at $156.24 on Wednesday. Boot Barn Holdings, Inc. has a 1 year low of $133.18 and a 1 year high of $210.25. The stock has a fifty day moving average of $162.52 and a two-hundred day moving average of $171.09. The firm has a market capitalization of $4.74 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 1.15 and a beta of 1.69.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Thursday, May 14th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.02. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.The company had revenue of $538.75 million during the quarter, compared to analysts’ expectations of $531.43 million. During the same quarter in the prior year, the business posted $1.22 earnings per share. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. Boot Barn has set its Q1 2027 guidance at 1.620-1.710 EPS and its FY 2027 guidance at 8.210-8.640 EPS. Equities research analysts predict that Boot Barn Holdings, Inc. will post 8.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BOOT has been the topic of a number of research reports. Jefferies Financial Group raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a report on Monday, April 6th. Bank of America decreased their price target on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a report on Friday, May 15th. Citigroup reiterated a “buy” rating on shares of Boot Barn in a research report on Monday, May 4th. BTIG Research reissued a “buy” rating and set a $235.00 target price on shares of Boot Barn in a research note on Friday, May 15th. Finally, Robert W. Baird decreased their target price on shares of Boot Barn from $244.00 to $225.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $226.92.

Boot Barn Company Profile

Boot Barn, Inc is a leading specialty retailer focused on western and work-related footwear, apparel and accessories. The company operates full-price and outlet retail stores under the Boot Barn and BootBarn.com brands, offering a wide assortment of cowboy boots, work boots, casual and fashion footwear, western and work apparel, hats, belts and related accessories. In addition to its brick-and-mortar network, Boot Barn maintains an e-commerce platform to serve customers seeking ranch-and-rodeo style clothing and rugged workwear from coast to coast.

Founded in 1978 in Southern California, Boot Barn began as a single store catering to ranchers, farmworkers and western enthusiasts.