Boot Barn Holdings, Inc. $BOOT Holdings Boosted by Congress Asset Management Co.

Congress Asset Management Co. increased its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 804,659 shares of the company’s stock after purchasing an additional 7,040 shares during the quarter. Congress Asset Management Co. owned approximately 2.66% of Boot Barn worth $96,937,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BOOT. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Boot Barn by 361.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 48,448 shares of the company’s stock valued at $7,091,000 after purchasing an additional 37,951 shares during the last quarter. Fifth Third Bancorp raised its position 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 purchasing an additional 34,060 shares during the period. Wedge Capital Management L L P NC grew its position in Boot Barn by 7.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 212,327 shares of the company’s stock valued at $34,879,000 after acquiring an additional 15,074 shares during the last quarter. Hsbc Holdings PLC boosted its position in Boot Barn by 335.5% in the 1st quarter. Hsbc Holdings PLC now owns 14,527 shares of the company’s stock valued at $2,132,000 after buying an additional 11,191 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in Boot Barn by 26.2% during the 1st quarter. Janus Henderson Group PLC now owns 211,066 shares of the company’s stock worth $30,894,000 after purchasing an additional 43,786 shares during the period.

Boot Barn Price Performance

Shares of NYSE BOOT traded up $1.18 during mid-day trading on Tuesday, hitting $124.06. The company had a trading volume of 636,718 shares, compared to its average volume of 701,435. The company has a market capitalization of $3.76 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.78 and a beta of 1.76. The business’s 50-day simple moving average is $146.85 and its 200 day simple moving average is $155.03. Boot Barn Holdings, Inc. has a 1-year low of $119.21 and a 1-year high of $210.25.

Boot Barn (NYSE:BOOT) last issued its earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.60. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. The firm had revenue of $593.51 million for the quarter, compared to analysts’ expectations of $583.15 million. During the same quarter last year, the company earned $1.74 earnings per share. The firm’s revenue was up 17.7% compared to the same quarter last year. 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.

Analysts Set New Price Targets

BOOT has been the subject of several recent research reports. TD Cowen reduced their price target on Boot Barn from $225.00 to $190.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. BTIG Research reissued a “buy” rating and set a $215.00 price target on shares of Boot Barn in a research report on Tuesday, September 15th. Zacks Research upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Stephens raised their target price on Boot Barn from $196.00 to $207.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Finally, Weiss Ratings downgraded shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $215.58.

Boot Barn Profile

Boot Barn Holdings, Inc is a specialty retailer focused on western and work-related apparel, footwear and accessories. The company sells products for men, women and children, including western boots, work boots, jeans, shirts, jackets, hats, belts, jewelry and other lifestyle merchandise. Its assortment includes national brands as well as exclusive and private-label offerings.

Boot Barn serves customers through a network of retail stores across the United States and through its e-commerce platforms.