Comerica Bank Buys 14,354 Shares of Boot Barn Holdings, Inc. $BOOT

Comerica Bank boosted its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 71.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 34,439 shares of the company’s stock after acquiring an additional 14,354 shares during the period. Comerica Bank’s holdings in Boot Barn were worth $6,077,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BOOT. ORG Partners LLC bought a new position in Boot Barn during the 3rd quarter worth $25,000. Parkside Financial Bank & Trust increased its stake in Boot Barn by 164.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 193 shares of the company’s stock worth $32,000 after acquiring an additional 120 shares during the period. Salomon & Ludwin LLC acquired a new stake in shares of Boot Barn in the 3rd quarter valued at $42,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Boot Barn in the 3rd quarter valued at $49,000. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Boot Barn in the 3rd quarter valued at $60,000.

Boot Barn Stock Up 2.8%

NYSE BOOT opened at $171.44 on Friday. Boot Barn Holdings, Inc. has a twelve month low of $105.07 and a twelve month high of $210.25. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 1.02 and a beta of 1.75. The business’s fifty day moving average is $165.51 and its 200 day moving average is $181.10.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Wednesday, February 4th. The company reported $2.79 earnings per share for the quarter, meeting the consensus estimate of $2.79. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The company had revenue of $705.64 million for the quarter, compared to the consensus estimate of $700.71 million. During the same quarter last year, the business posted $2.43 EPS. Boot Barn’s revenue for the quarter was up 16.0% on a year-over-year basis. Boot Barn has set its FY 2026 guidance at 7.250-7.350 EPS and its Q4 2026 guidance at 1.350-1.450 EPS. On average, research analysts anticipate that Boot Barn Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

BOOT has been the topic of a number of research analyst reports. Weiss Ratings downgraded Boot Barn from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 4th. Zacks Research downgraded Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Piper Sandler raised their target price on Boot Barn from $229.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Jefferies Financial Group raised Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a report on Monday, April 6th. Finally, Citigroup raised their target price on Boot Barn from $230.00 to $232.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.25.

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.