Fort Washington Investment Advisors Inc. OH Buys 142,314 Shares of Boot Barn Holdings, Inc. $BOOT

Fort Washington Investment Advisors Inc. OH purchased a new position in Boot Barn Holdings, Inc. (NYSE:BOOT) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 142,314 shares of the company’s stock, valued at approximately $17,145,000.

Other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Boot Barn in the second quarter valued at $840,629,000. Congress Asset Management Co. raised its holdings in shares of Boot Barn by 0.9% during the third quarter. Congress Asset Management Co. now owns 804,659 shares of the company’s stock valued at $96,937,000 after purchasing an additional 7,040 shares during the period. Wellington Management Group LLP raised its holdings in shares of Boot Barn by 12.2% during the second quarter. Wellington Management Group LLP now owns 773,749 shares of the company’s stock valued at $127,104,000 after purchasing an additional 84,250 shares during the period. Bank of America Corp DE boosted its position in shares of Boot Barn by 114.6% during the 1st quarter. Bank of America Corp DE now owns 655,374 shares of the company’s stock worth $95,921,000 after purchasing an additional 349,985 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Boot Barn by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 645,342 shares of the company’s stock worth $94,440,000 after purchasing an additional 9,816 shares in the last quarter.

Analyst Ratings Changes

Several analysts have recently commented on BOOT shares. Craig Hallum reduced their target price on Boot Barn from $235.00 to $224.00 and set a “buy” rating for the company in a research note on Tuesday, September 29th. Weiss Ratings raised Boot Barn from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Zacks Research raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Citigroup cut their price target on Boot Barn from $205.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, BTIG Research reissued a “buy” rating and issued a $215.00 price objective on shares of Boot Barn in a research note on Tuesday, September 15th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $211.25.

Boot Barn Price Performance

BOOT opened at $120.14 on Friday. Boot Barn Holdings, Inc. has a fifty-two week low of $110.53 and a fifty-two week high of $210.25. The firm has a market capitalization of $3.64 billion, a P/E ratio of 15.21, a PEG ratio of 0.73 and a beta of 1.76. The company’s 50-day moving average is $140.78 and its 200 day moving average is $152.94.

Boot Barn (NYSE:BOOT) last announced its earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $593.51 million during the quarter, compared to analyst estimates of $583.15 million. During the same period last year, the firm posted $1.74 EPS. The business’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, equities research analysts expect that Boot Barn Holdings, Inc. will post 9.18 earnings per share for the current year.

Boot Barn Company 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.