Capital Research Global Investors Has $82.88 Million Stock Holdings in Boot Barn Holdings, Inc. $BOOT

Capital Research Global Investors trimmed its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 3.5% during the third quarter, Holdings Channel reports. The institutional investor owned 500,112 shares of the company’s stock after selling 17,895 shares during the quarter. Capital Research Global Investors’ holdings in Boot Barn were worth $82,879,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC acquired a new position in shares of Boot Barn during the third quarter valued at $25,000. Parkside Financial Bank & Trust raised its stake in shares of Boot Barn by 164.4% during the third quarter. Parkside Financial Bank & Trust now owns 193 shares of the company’s stock worth $32,000 after buying an additional 120 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in Boot Barn in the third quarter valued at approximately $42,000. Independence Bank of Kentucky acquired a new stake in shares of Boot Barn during the third quarter worth $46,000. Finally, Advisors Asset Management Inc. grew its stake in shares of Boot Barn by 202.8% during the second quarter. Advisors Asset Management Inc. now owns 427 shares of the company’s stock worth $65,000 after purchasing an additional 286 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group increased their target price on Boot Barn from $265.00 to $267.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Weiss Ratings cut Boot Barn from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 4th. Stephens upgraded shares of Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 price target on the stock in a research report on Friday, February 6th. The Goldman Sachs Group began coverage on shares of Boot Barn in a research note on Thursday, December 11th. They set a “buy” rating and a $225.00 price objective on the stock. Finally, Citigroup boosted their target price on Boot Barn from $230.00 to $232.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Boot Barn presently has an average rating of “Moderate Buy” and an average target price of $217.00.

Boot Barn Stock Performance

NYSE BOOT opened at $169.30 on Thursday. Boot Barn Holdings, Inc. has a 52 week low of $86.17 and a 52 week high of $210.25. The stock’s 50 day moving average price is $188.56 and its two-hundred day moving average price is $185.66. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 1.23 and a beta of 1.66.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $2.79 earnings per share for the quarter, hitting the consensus estimate of $2.79. Boot Barn had a net margin of 10.10% and a return on equity of 18.28%. The company had revenue of $705.64 million during the quarter, compared to analysts’ expectations of $700.71 million. During the same period last year, the business earned $2.43 EPS. The business’s quarterly revenue was up 16.0% on a year-over-year basis. Boot Barn has set its FY 2026 guidance at 7.250-7.350 EPS and its Q4 2026 guidance at 1.350-1.450 EPS. On average, equities research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current 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.