Boot Barn Holdings, Inc. $BOOT Stock Position Decreased by US Bancorp DE

US Bancorp DE cut its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 12.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,343 shares of the company’s stock after selling 909 shares during the quarter. US Bancorp DE’s holdings in Boot Barn were worth $964,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Artemis Investment Management LLP raised its position in Boot Barn by 206.5% during the first quarter. Artemis Investment Management LLP now owns 734,023 shares of the company’s stock valued at $78,856,000 after buying an additional 494,523 shares during the period. Nuveen LLC acquired a new position in Boot Barn during the first quarter valued at $38,387,000. Invesco Ltd. raised its position in Boot Barn by 24.8% during the first quarter. Invesco Ltd. now owns 903,453 shares of the company’s stock valued at $97,058,000 after buying an additional 179,710 shares during the period. Stephens Investment Management Group LLC raised its position in Boot Barn by 51.4% during the first quarter. Stephens Investment Management Group LLC now owns 465,787 shares of the company’s stock valued at $50,039,000 after buying an additional 158,195 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Boot Barn by 42.1% during the first quarter. Ameriprise Financial Inc. now owns 503,619 shares of the company’s stock valued at $54,110,000 after buying an additional 149,115 shares during the period.

Analyst Upgrades and Downgrades

BOOT has been the topic of several recent analyst reports. BTIG Research upped their price target on Boot Barn from $200.00 to $218.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Jefferies Financial Group downgraded Boot Barn from a “buy” rating to a “hold” rating and lowered their target price for the company from $187.00 to $175.00 in a research note on Wednesday, July 23rd. Cowen reaffirmed a “buy” rating on shares of Boot Barn in a research report on Monday, July 28th. JPMorgan Chase & Co. upped their target price on Boot Barn from $207.00 to $247.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Finally, Piper Sandler upped their target price on Boot Barn from $184.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Boot Barn currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.54.

Boot Barn Stock Down 1.2%

BOOT stock opened at $184.75 on Friday. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month high of $191.31. The company has a market cap of $5.65 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 1.88 and a beta of 1.61. The business’s 50-day simple moving average is $174.58 and its 200 day simple moving average is $154.25.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.19. The company had revenue of $504.07 million for the quarter, compared to the consensus estimate of $489.49 million. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.The company’s quarterly revenue was up 19.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.26 earnings per share. Boot Barn has set its Q2 2026 guidance at 1.190-1.270 EPS. FY 2026 guidance at 5.800-6.700 EPS. On average, equities research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

About Boot Barn

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.