16,416 Shares in Boot Barn Holdings, Inc. $BOOT Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 16,416 shares of the company’s stock, valued at approximately $2,697,000.

A number of other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Boot Barn in the 2nd quarter valued at about $840,629,000. Price T Rowe Associates Inc. MD raised its stake in shares of Boot Barn by 83.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,103,441 shares of the company’s stock worth $194,725,000 after buying an additional 502,275 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in shares of Boot Barn by 2,547.7% during the third quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company’s stock worth $78,086,000 after buying an additional 453,396 shares during the last quarter. Bank of America Corp DE lifted its holdings in Boot Barn by 114.6% in the first quarter. Bank of America Corp DE now owns 655,374 shares of the company’s stock valued at $95,921,000 after buying an additional 349,985 shares during the period. Finally, Invesco Ltd. boosted its stake in Boot Barn by 46.3% in the third quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock valued at $152,033,000 after acquiring an additional 290,493 shares during the last quarter.

Analyst Ratings Changes

Several analysts have commented on BOOT shares. Stephens upped their target price on shares of Boot Barn from $196.00 to $207.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. BTIG Research dropped their price objective on Boot Barn from $235.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Zacks Research raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. UBS Group set a $225.00 target price on Boot Barn in a report on Wednesday, June 17th. Finally, TD Cowen lowered their price target on Boot Barn from $225.00 to $190.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $219.55.

Boot Barn Stock Performance

BOOT opened at $148.90 on Thursday. The firm’s fifty day moving average is $158.73 and its two-hundred day moving average is $163.37. The firm has a market cap of $4.51 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 0.96 and a beta of 1.70. Boot Barn Holdings, Inc. has a twelve month low of $133.18 and a twelve month high of $210.25.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Wednesday, July 29th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.60. The business had revenue of $593.51 million during the quarter, compared to analysts’ expectations of $583.15 million. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.74 EPS. 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. Equities analysts forecast that Boot Barn Holdings, Inc. will post 9.18 EPS for the current fiscal year.

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.