Emerald Mutual Fund Advisers Trust Raises Stock Holdings in Boot Barn Holdings, Inc. $BOOT

Emerald Mutual Fund Advisers Trust boosted its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 18.6% during the first quarter, Holdings Channel.com reports. The firm owned 129,260 shares of the company’s stock after purchasing an additional 20,316 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Boot Barn were worth $18,918,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BOOT. Los Angeles Capital Management LLC bought a new position in Boot Barn in the fourth quarter worth about $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Boot Barn during the third quarter valued at about $49,000. Danske Bank A S boosted its holdings in shares of Boot Barn by 200.0% in the 4th quarter. Danske Bank A S now owns 300 shares of the company’s stock valued at $53,000 after buying an additional 200 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Boot Barn by 284.1% in the 4th quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock valued at $60,000 after buying an additional 250 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in shares of Boot Barn in the 3rd quarter worth approximately $60,000.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Bank of America reduced their price objective on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a research note on Friday, May 15th. TD Cowen restated a “buy” rating on shares of Boot Barn in a research note on Wednesday, June 17th. Robert W. Baird cut their price target on shares of Boot Barn from $244.00 to $225.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a research report on Monday, May 4th. Finally, Weiss Ratings lowered Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $226.92.

Boot Barn Stock Performance

Shares of BOOT stock opened at $164.46 on Tuesday. Boot Barn Holdings, Inc. has a fifty-two week low of $133.18 and a fifty-two week 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 stock’s 50-day simple moving average is $162.71 and its 200-day simple moving average is $171.32.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Thursday, May 14th. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.43 by $0.02. The firm had revenue of $538.75 million during the quarter, compared to analyst estimates 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 was up 18.7% on a year-over-year basis. During the same period last year, the firm posted $1.22 EPS. 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. As a group, equities analysts forecast that Boot Barn Holdings, Inc. will post 8.55 earnings per share for the current year.

Boot Barn 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.