IFP Advisors Inc Increases Stock Position in Boot Barn Holdings, Inc. $BOOT

IFP Advisors Inc increased its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 338.8% during the second quarter, Holdings Channel.com reports. The firm owned 882 shares of the company’s stock after buying an additional 681 shares during the period. IFP Advisors Inc’s holdings in Boot Barn were worth $139,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC lifted its holdings in Boot Barn by 263.6% during the first quarter. Golden State Wealth Management LLC now owns 280 shares of the company’s stock worth $30,000 after buying an additional 203 shares during the period. Maseco LLP bought a new position in shares of Boot Barn in the 2nd quarter worth $40,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Boot Barn during the 1st quarter worth $44,000. Bayforest Capital Ltd bought a new stake in Boot Barn during the first quarter valued at about $48,000. Finally, Parallel Advisors LLC grew its stake in Boot Barn by 512.6% in the second quarter. Parallel Advisors LLC now owns 533 shares of the company’s stock valued at $81,000 after purchasing an additional 446 shares during the last quarter.

Boot Barn Price Performance

Shares of BOOT opened at $184.75 on Friday. The company’s fifty day moving average price is $174.58 and its 200-day moving average price is $154.52. Boot Barn Holdings, Inc. has a 1-year low of $86.17 and a 1-year high of $191.31. The firm has a market capitalization of $5.65 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 1.86 and a beta of 1.61.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Thursday, July 31st. The company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.19. The company had revenue of $504.07 million during the quarter, compared to analysts’ expectations of $489.49 million. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.The firm’s revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 EPS. Boot Barn has set its Q2 2026 guidance at 1.190-1.270 EPS. FY 2026 guidance at 5.800-6.700 EPS. As a group, research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. KeyCorp increased their price target on shares of Boot Barn from $195.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. BTIG Research increased their target price on shares of 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 lowered shares of Boot Barn from a “buy” rating to a “hold” rating and cut their price target for the stock from $187.00 to $175.00 in a report on Wednesday, July 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Boot Barn in a report on Wednesday, October 8th. Finally, Piper Sandler boosted their target price on Boot Barn from $184.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Boot Barn currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.54.

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.