Boot Barn Holdings, Inc. $BOOT Shares Acquired by Burney Co.

Burney Co. lifted its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 53.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,889 shares of the company’s stock after buying an additional 11,459 shares during the period. Burney Co.’s holdings in Boot Barn were worth $4,814,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BOOT. Price T Rowe Associates Inc. MD lifted its position in Boot Barn by 83.6% in the fourth 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. boosted its stake in Boot Barn by 2,547.7% in the third quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company’s stock valued at $78,086,000 after acquiring an additional 453,396 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Boot Barn by 46.3% during 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 last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Boot Barn by 38.5% during 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 last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in shares of Boot Barn during the fourth quarter worth about $31,113,000.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BOOT. Bank of America reduced their target price on Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a report on Friday, May 15th. Citigroup restated a “buy” rating on shares of Boot Barn in a research note on Monday, May 4th. Zacks Research lowered Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. Weiss Ratings cut Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Finally, TD Cowen reissued a “buy” rating on shares of Boot Barn in a report on Wednesday, June 17th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Boot Barn has a consensus rating of “Moderate Buy” and an average target price of $226.92.

Boot Barn Price Performance

NYSE:BOOT opened at $158.71 on Tuesday. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 1.10 and a beta of 1.69. The firm’s fifty day moving average price is $163.69 and its 200 day moving average price is $172.41. Boot Barn Holdings, Inc. has a 1-year low of $133.18 and a 1-year high of $210.25.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Thursday, May 14th. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.02. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The company had revenue of $538.75 million during the quarter, compared to the consensus estimate of $531.43 million. During the same quarter in the prior year, the firm earned $1.22 EPS. Boot Barn’s quarterly revenue was up 18.7% on a year-over-year basis. 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. As a group, analysts expect that Boot Barn Holdings, Inc. will post 8.55 earnings per share for the current fiscal year.

About Boot Barn

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.