Carnegie Investment Counsel Purchases Shares of 5,108 Boot Barn Holdings, Inc. $BOOT

Carnegie Investment Counsel purchased a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,108 shares of the company’s stock, valued at approximately $748,000.

Several other hedge funds also recently modified their holdings of the company. Los Angeles Capital Management LLC bought a new stake in shares of Boot Barn in the 4th quarter worth $29,000. Caitong International Asset Management Co. Ltd bought a new position in Boot Barn during the third quarter valued at about $49,000. Danske Bank A S boosted its stake in Boot Barn by 200.0% during the fourth 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. raised 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 worth $60,000 after purchasing an additional 250 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in shares of Boot Barn in the 3rd quarter worth approximately $60,000.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. BTIG Research reissued a “buy” rating and set a $235.00 target price on shares of Boot Barn in a research note on Friday, May 15th. Piper Sandler decreased their price target on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. Jefferies Financial Group upgraded Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price objective for the company in a research report on Monday, April 6th. Finally, Weiss Ratings lowered Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $226.92.

Boot Barn Stock Down 4.9%

Shares of NYSE:BOOT opened at $156.24 on Wednesday. Boot Barn Holdings, Inc. has a 12-month low of $133.18 and a 12-month high of $210.25. The firm has a fifty day moving average of $162.52 and a two-hundred day moving average of $171.09. The firm has a market capitalization of $4.74 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 1.15 and a beta of 1.69.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Thursday, May 14th. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.The firm had revenue of $538.75 million during the quarter, compared to analysts’ expectations of $531.43 million. During the same quarter last year, the firm earned $1.22 earnings per share. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. 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. Equities research analysts expect that Boot Barn Holdings, Inc. will post 8.55 earnings per share for the current fiscal 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.