45,456 Shares in Boot Barn Holdings, Inc. $BOOT Acquired by Man Group plc

Man Group plc bought a new position in Boot Barn Holdings, Inc. (NYSE:BOOT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 45,456 shares of the company’s stock, valued at approximately $7,467,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Boot Barn by 361.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 48,448 shares of the company’s stock worth $7,091,000 after purchasing an additional 37,951 shares during the period. Principal Financial Group Inc. raised its position in Boot Barn by 11.4% during the 4th quarter. Principal Financial Group Inc. now owns 393,098 shares of the company’s stock valued at $69,370,000 after purchasing an additional 40,282 shares during the last quarter. UBS Group AG raised its position in Boot Barn by 16.4% during the 4th quarter. UBS Group AG now owns 172,380 shares of the company’s stock valued at $30,420,000 after purchasing an additional 24,229 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Boot Barn by 15,768.5% in the 1st quarter. Fifth Third Bancorp now owns 34,276 shares of the company’s stock worth $5,017,000 after buying an additional 34,060 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in Boot Barn by 335.5% in the 1st quarter. Hsbc Holdings PLC now owns 14,527 shares of the company’s stock worth $2,132,000 after buying an additional 11,191 shares during the period.

Boot Barn Trading Down 0.1%

NYSE BOOT opened at $155.41 on Friday. Boot Barn Holdings, Inc. has a 12 month low of $133.18 and a 12 month high of $210.25. The stock’s fifty day moving average price is $160.34 and its 200-day moving average price is $164.51. The stock has a market cap of $4.71 billion, a P/E ratio of 19.67, a P/E/G ratio of 1.00 and a beta of 1.71.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.60. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. The company had revenue of $593.51 million during the quarter, compared to analyst estimates of $583.15 million. During the same period in the previous year, the business earned $1.74 EPS. The firm’s revenue for the quarter 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, analysts forecast that Boot Barn Holdings, Inc. will post 9.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BOOT shares. Zacks Research upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Stephens upped their price objective on shares of Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Robert W. Baird set a $212.00 target price on shares of Boot Barn in a research note on Thursday, July 30th. Weiss Ratings cut shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 18th. Finally, Bank of America decreased their price target on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Boot Barn has a consensus rating of “Buy” and an average target price of $219.55.

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.