Dimensional Fund Advisors LP Increases Position in Boot Barn Holdings, Inc. $BOOT

Dimensional Fund Advisors LP lifted its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 1.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 645,342 shares of the company’s stock after acquiring an additional 9,816 shares during the period. Dimensional Fund Advisors LP’s holdings in Boot Barn were worth $94,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new position in shares of Boot Barn in the fourth quarter valued at about $29,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Boot Barn in the third quarter worth about $49,000. Danske Bank A S lifted its holdings in shares of Boot Barn by 200.0% during the fourth quarter. Danske Bank A S now owns 300 shares of the company’s stock worth $53,000 after purchasing an additional 200 shares during the period. Hantz Financial Services Inc. boosted its position in Boot Barn by 284.1% in the fourth quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock valued at $60,000 after buying an additional 250 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its position in Boot Barn by 702.3% in the fourth quarter. Global Retirement Partners LLC now owns 353 shares of the company’s stock valued at $62,000 after buying an additional 309 shares during the last quarter.

Boot Barn News Roundup

Here are the key news stories impacting Boot Barn this week:

• Positive Sentiment: Boot Barn reported fiscal Q1 2027 adjusted earnings of $2.29 per share, well above the $1.69 analyst consensus and up from $1.74 a year earlier. Revenue increased 17.7% year over year to $593.5 million, topping the $583.15 million estimate. Boot Barn fiscal first-quarter results
• Positive Sentiment: Comparable-store sales rose 4.7%, including a 3.8% increase in retail-store same-store sales, indicating continued demand for Boot Barn’s Western and workwear products. The quarter also produced a 10.02% net margin and 18.15% return on equity. Boot Barn key first-quarter metrics
• Positive Sentiment: Full-year fiscal 2027 EPS guidance of $8.80 to $9.23 is above the $8.54 consensus estimate, supporting the longer-term earnings outlook. Full-year revenue guidance was broadly in line with expectations. Boot Barn earnings report
• Neutral Sentiment: The strong quarterly beat confirms positive operating momentum, but investors are focusing more heavily on forward guidance than on the recently completed quarter.
• Negative Sentiment: Second-quarter fiscal 2027 guidance is below consensus: EPS of $1.55 to $1.65 versus $1.69 expected, and revenue of $572 million to $582 million versus $593.9 million expected. This cautious near-term outlook is the primary reason the stock has moved lower despite the earnings beat. Boot Barn guidance announcement

Analyst Ratings Changes

A number of research firms have issued reports on BOOT. BTIG Research reissued a “buy” rating and set a $235.00 price target on shares of Boot Barn in a research report on Monday. Piper Sandler cut their price objective on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. Robert W. Baird reduced their target price on shares of Boot Barn from $244.00 to $225.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. Finally, Bank of America cut their price target on Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $226.92.

Boot Barn Stock Down 4.8%

Shares of Boot Barn stock opened at $151.03 on Thursday. The firm has a market cap of $4.58 billion, a PE ratio of 20.55, a P/E/G ratio of 1.11 and a beta of 1.69. Boot Barn Holdings, Inc. has a twelve month low of $133.18 and a twelve month high of $210.25. The business has a 50-day moving average price of $162.86 and a 200 day moving average price of $168.46.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.60. The company had revenue of $593.51 million for the quarter, compared to the consensus estimate of $583.15 million. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.Boot Barn’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.74 earnings per share. Boot Barn has set its FY 2027 guidance at 8.800-9.230 EPS and its Q2 2027 guidance at 1.550-1.650 EPS. On average, sell-side analysts expect that Boot Barn Holdings, Inc. will post 8.56 EPS for the current year.

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.