Boot Barn Holdings, Inc. $BOOT Stock Sold by Artemis Investment Management LLP

Artemis Investment Management LLP lowered its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 26.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 237,313 shares of the company’s stock after selling 84,362 shares during the period. Artemis Investment Management LLP owned approximately 0.78% of Boot Barn worth $28,589,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Boot Barn in the second quarter worth $840,629,000. Congress Asset Management Co. grew its holdings in Boot Barn by 0.9% in the 3rd quarter. Congress Asset Management Co. now owns 804,659 shares of the company’s stock worth $96,937,000 after acquiring an additional 7,040 shares during the last quarter. Wellington Management Group LLP grew its holdings in Boot Barn by 12.2% in the 2nd quarter. Wellington Management Group LLP now owns 773,749 shares of the company’s stock worth $127,104,000 after acquiring an additional 84,250 shares during the last quarter. Bank of America Corp DE increased its position in shares of 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 acquiring an additional 349,985 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Boot Barn by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 645,342 shares of the company’s stock valued at $94,440,000 after acquiring an additional 9,816 shares during the period.

Analyst Ratings Changes

BOOT has been the subject of a number of analyst reports. Stephens increased their target price 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. UBS Group set a $225.00 price target on Boot Barn in a report on Wednesday, June 17th. Zacks Research raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Weiss Ratings cut Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 18th. Finally, Craig Hallum cut their price objective on Boot Barn from $235.00 to $224.00 and set a “buy” rating on the stock in a research report on Tuesday, September 29th. One 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $215.58.

Boot Barn Stock Down 0.7%

Shares of BOOT traded down $0.84 during trading hours on Thursday, reaching $121.50. 159,944 shares of the company traded hands, compared to its average volume of 698,517. Boot Barn Holdings, Inc. has a 12 month low of $119.21 and a 12 month high of $210.25. The company’s fifty day moving average price is $145.58 and its two-hundred day moving average price is $154.51. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 0.80 and a beta of 1.76.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share (EPS) 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 the consensus estimate of $583.15 million. During the same period in the prior year, the firm earned $1.74 earnings per share. Boot Barn’s 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 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.