Primecap Management Co. CA Invests $7.42 Million in Boot Barn Holdings, Inc. $BOOT

Primecap Management Co. CA acquired a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 45,160 shares of the company’s stock, valued at approximately $7,418,000. Primecap Management Co. CA owned approximately 0.15% of Boot Barn as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in Boot Barn by 50.3% during the first quarter. Royal Bank of Canada now owns 34,676 shares of the company’s stock worth $3,725,000 after buying an additional 11,598 shares during the period. AQR Capital Management LLC increased its holdings in shares of Boot Barn by 198.0% in the 1st quarter. AQR Capital Management LLC now owns 8,906 shares of the company’s stock valued at $957,000 after acquiring an additional 5,917 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Boot Barn by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company’s stock valued at $1,894,000 after acquiring an additional 779 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Boot Barn by 23.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company’s stock worth $34,771,000 after acquiring an additional 61,719 shares in the last quarter. Finally, United Services Automobile Association bought a new position in shares of Boot Barn in the 1st quarter worth $209,000.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BOOT. UBS Group set a $225.00 target price on Boot Barn in a research note on Wednesday, June 17th. Citigroup reissued a “buy” rating on shares of Boot Barn in a research report on Monday, May 4th. Robert W. Baird set a $212.00 price target on shares of Boot Barn in a report on Thursday, July 30th. Piper Sandler cut their price objective 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. Finally, BTIG Research cut their price objective on shares of Boot Barn from $235.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $219.55.

Boot Barn Price Performance

Shares of NYSE:BOOT opened at $159.73 on Thursday. The business’s 50-day moving average is $161.10 and its 200 day moving average is $164.91. 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 capitalization of $4.84 billion, a P/E ratio of 20.22, a P/E/G ratio of 1.03 and a beta of 1.71.

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