Congress Asset Management Co. Acquires 7,040 Shares of Boot Barn Holdings, Inc. $BOOT

Congress Asset Management Co. grew its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 0.9% during the 3rd quarter, Holdings Channel reports. The fund owned 804,659 shares of the company’s stock after acquiring an additional 7,040 shares during the period. Congress Asset Management Co.’s holdings in Boot Barn were worth $96,937,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Central Pacific Bank Trust Division acquired a new position in Boot Barn in the third quarter valued at $114,000. Envestnet Portfolio Solutions Inc. increased its position in shares of Boot Barn by 4.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,858 shares of the company’s stock worth $962,000 after acquiring an additional 271 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Boot Barn in the second quarter valued at about $468,000. Integrated Wealth Concepts LLC purchased a new position in Boot Barn in the 2nd quarter worth approximately $46,000. Finally, Allworth Financial LP grew its holdings in Boot Barn by 160.2% during the 2nd quarter. Allworth Financial LP now owns 346 shares of the company’s stock valued at $57,000 after purchasing an additional 213 shares in the last quarter.

Analyst Upgrades and Downgrades

BOOT has been the subject of several research analyst reports. Weiss Ratings cut Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 18th. Zacks Research raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. UBS Group set a $225.00 price objective on Boot Barn in a research report on Wednesday, June 17th. Robert W. Baird cut their price objective on shares of Boot Barn from $212.00 to $160.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 29th. Finally, BTIG Research reaffirmed a “buy” rating and set a $215.00 price target on shares of Boot Barn in a research note on Tuesday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $215.58.

Boot Barn Stock Up 1.0%

Shares of BOOT traded up $1.18 during midday trading on Tuesday, reaching $124.06. 636,718 shares of the stock were exchanged, compared to its average volume of 701,435. The firm has a 50 day simple moving average of $146.85 and a 200-day simple moving average of $155.03. Boot Barn Holdings, Inc. has a 12-month low of $119.21 and a 12-month high of $210.25. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 0.78 and a beta of 1.76.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.60. The company had revenue of $593.51 million during the quarter, compared to the consensus estimate of $583.15 million. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.The firm’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.74 EPS. 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. Research analysts expect that Boot Barn Holdings, Inc. will post 9.18 earnings per share for the current fiscal year.

Boot Barn Company Profile

Boot Barn Holdings, Inc is a specialty retailer focused on western and work-related apparel, footwear and accessories. The company sells products for men, women and children, including western boots, work boots, jeans, shirts, jackets, hats, belts, jewelry and other lifestyle merchandise. Its assortment includes national brands as well as exclusive and private-label offerings.

Boot Barn serves customers through a network of retail stores across the United States and through its e-commerce platforms.