Boot Barn Holdings, Inc. $BOOT Stock Position Decreased by Artemis Investment Management LLP

Artemis Investment Management LLP decreased its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 26.2% in the third quarter, Holdings Channel reports. The institutional investor owned 237,313 shares of the company’s stock after selling 84,362 shares during the quarter. Artemis Investment Management LLP’s holdings in Boot Barn were worth $28,589,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in Boot Barn during the 2nd quarter valued at about $33,000. Quantbot Technologies LP purchased a new position in Boot Barn in the second quarter worth about $46,000. Integrated Wealth Concepts LLC bought a new position in shares of Boot Barn in the second quarter worth approximately $46,000. Allworth Financial LP purchased a new stake in shares of Boot Barn during the second quarter valued at approximately $57,000. Finally, Harbor Investment Advisory LLC bought a new stake in shares of Boot Barn during the second quarter valued at approximately $69,000.

Analyst Upgrades and Downgrades

Several brokerages have commented on BOOT. BTIG Research reiterated a “buy” rating and set a $215.00 target price on shares of Boot Barn in a research note on Tuesday, September 15th. Weiss Ratings downgraded Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 18th. TD Cowen lowered their target price on shares of Boot Barn from $225.00 to $190.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Zacks Research upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Finally, Stephens boosted their price objective on shares of Boot Barn from $196.00 to $207.00 and gave the company an “overweight” rating in a report on Monday, August 10th. One 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, the stock presently has an average rating of “Buy” and an average target price of $215.58.

Boot Barn Stock Down 0.7%

NYSE:BOOT traded down $0.84 on Thursday, hitting $121.50. The stock had a trading volume of 159,944 shares, compared to its average volume of 698,517. The business’s 50-day simple moving average is $145.58 and its two-hundred day simple moving average is $154.51. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 0.80 and a beta of 1.76. Boot Barn Holdings, Inc. has a 52-week low of $119.21 and a 52-week high of $210.25.

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