Primecap Management Co. CA Buys New Shares in Boot Barn Holdings, Inc. $BOOT

Primecap Management Co. CA bought a new position in Boot Barn Holdings, Inc. (NYSE:BOOT) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 45,160 shares of the company’s stock, valued at approximately $7,418,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in Boot Barn by 50.3% during the 1st quarter. Royal Bank of Canada now owns 34,676 shares of the company’s stock worth $3,725,000 after acquiring an additional 11,598 shares during the period. AQR Capital Management LLC increased its holdings in shares of Boot Barn by 198.0% in the first quarter. AQR Capital Management LLC now owns 8,906 shares of the company’s stock valued at $957,000 after purchasing an additional 5,917 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Boot Barn by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company’s stock worth $1,894,000 after purchasing an additional 779 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Boot Barn by 23.6% in the first quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company’s stock worth $34,771,000 after purchasing an additional 61,719 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in shares of Boot Barn during the first quarter worth about $209,000.

Boot Barn Stock Up 0.0%

Shares of BOOT opened at $159.73 on Thursday. Boot Barn Holdings, Inc. has a 52 week low of $133.18 and a 52 week high of $210.25. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.03 and a beta of 1.71. The stock’s 50-day moving average price is $161.10 and its 200-day moving average price is $164.91.

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

Analyst Ratings Changes

BOOT has been the topic of a number of recent research reports. Citigroup reiterated a “buy” rating on shares of Boot Barn in a research report on Monday, May 4th. BTIG Research reduced their price target on shares of Boot Barn from $235.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Stephens lifted their price objective on shares of Boot Barn from $196.00 to $207.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. TD Cowen dropped their price objective on shares of Boot Barn from $225.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Finally, UBS Group set a $225.00 price objective on shares of Boot Barn in a report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $219.55.

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.