Boot Barn Holdings, Inc. $BOOT Shares Bought by Gibbs Wealth Management

Gibbs Wealth Management boosted its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 102.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,740 shares of the company’s stock after buying an additional 4,919 shares during the quarter. Gibbs Wealth Management’s holdings in Boot Barn were worth $1,426,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BOOT. Price T Rowe Associates Inc. MD boosted its holdings in shares of Boot Barn by 83.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,103,441 shares of the company’s stock valued at $194,725,000 after acquiring an additional 502,275 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in shares of Boot Barn by 2,547.7% in the third quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company’s stock worth $78,086,000 after acquiring an additional 453,396 shares during the period. Invesco Ltd. raised its holdings in shares of Boot Barn by 46.3% during the third quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock worth $152,033,000 after purchasing an additional 290,493 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Boot Barn by 38.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 723,309 shares of the company’s stock worth $127,642,000 after purchasing an additional 200,971 shares during the last quarter. Finally, Wedge Capital Management L L P NC purchased a new position in shares of Boot Barn during the fourth quarter worth $31,113,000.

Boot Barn Price Performance

NYSE:BOOT opened at $147.81 on Friday. The company has a 50 day moving average price of $161.92 and a 200-day moving average price of $169.58. Boot Barn Holdings, Inc. has a 1-year low of $133.18 and a 1-year high of $210.25. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 1.05 and a beta of 1.69.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Thursday, May 14th. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.02. The firm had revenue of $538.75 million for the quarter, compared to the consensus estimate of $531.43 million. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.22 earnings per share. 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. On average, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 8.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on BOOT shares. BTIG Research restated a “buy” rating and set a $235.00 target price on shares of Boot Barn in a research report on Friday, May 15th. Weiss Ratings downgraded Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Citigroup reiterated a “buy” rating on shares of Boot Barn in a research note on Monday, May 4th. TD Cowen restated a “buy” rating on shares of Boot Barn in a research note on Wednesday, June 17th. Finally, Piper Sandler lowered their target price on Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $226.92.

Boot Barn Company 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.