Emerald Advisers LLC Buys 26,737 Shares of Boot Barn Holdings, Inc. $BOOT

Emerald Advisers LLC increased its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 14.7% during the first quarter, HoldingsChannel.com reports. The firm owned 208,425 shares of the company’s stock after buying an additional 26,737 shares during the period. Emerald Advisers LLC’s holdings in Boot Barn were worth $30,505,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in Boot Barn by 83.6% during 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 buying an additional 502,275 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of 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 worth $78,086,000 after buying an additional 453,396 shares in the last quarter. Invesco Ltd. boosted its position in shares of Boot Barn by 46.3% in the third quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock valued at $152,033,000 after acquiring an additional 290,493 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Boot Barn by 38.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 723,309 shares of the company’s stock valued at $127,642,000 after acquiring an additional 200,971 shares during the period. Finally, Wedge Capital Management L L P NC purchased a new position in Boot Barn during the fourth quarter valued at approximately $31,113,000.

Boot Barn Trading Up 2.0%

Shares of NYSE BOOT opened at $164.46 on Tuesday. Boot Barn Holdings, Inc. has a 12 month low of $133.18 and a 12 month high of $210.25. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 1.13 and a beta of 1.69. The business has a 50-day moving average of $162.71 and a 200-day moving average of $171.32.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Thursday, May 14th. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.02. The company had revenue of $538.75 million for the quarter, compared to analysts’ expectations of $531.43 million. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. Boot Barn’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.22 earnings per share. 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. On average, analysts predict that Boot Barn Holdings, Inc. will post 8.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BOOT. Bank of America decreased their target price on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Jefferies Financial Group raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a report on Monday, April 6th. Robert W. Baird reduced their price target 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. BTIG Research restated a “buy” rating and set a $235.00 price target on shares of Boot Barn in a research report on Friday, May 15th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Boot Barn in a report on Wednesday, June 17th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $226.92.

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.