Broad Peak Investment Advisers Pte Ltd Makes New $8.18 Million Investment in Boot Barn Holdings, Inc. $BOOT

Broad Peak Investment Advisers Pte Ltd purchased a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 53,825 shares of the company’s stock, valued at approximately $8,181,000. Boot Barn comprises about 2.6% of Broad Peak Investment Advisers Pte Ltd’s investment portfolio, making the stock its 8th biggest holding. Broad Peak Investment Advisers Pte Ltd owned about 0.18% of Boot Barn at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC bought a new stake in shares of Boot Barn during the first quarter valued at approximately $29,000. Golden State Wealth Management LLC grew its stake in shares of Boot Barn by 263.6% during the first quarter. Golden State Wealth Management LLC now owns 280 shares of the company’s stock valued at $30,000 after purchasing an additional 203 shares during the last quarter. Maseco LLP bought a new stake in shares of Boot Barn during the second quarter valued at approximately $40,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Boot Barn during the first quarter valued at approximately $44,000. Finally, Bayforest Capital Ltd bought a new stake in shares of Boot Barn during the first quarter valued at approximately $48,000.

Boot Barn Stock Up 8.2%

Shares of NYSE BOOT opened at $177.30 on Tuesday. The company’s fifty day moving average is $173.17 and its 200-day moving average is $152.77. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 27.97, a P/E/G ratio of 1.65 and a beta of 1.61. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month high of $191.31.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.19. Boot Barn had a net margin of 9.81% and a return on equity of 17.73%. The company had revenue of $504.07 million for the quarter, compared to analysts’ expectations of $489.49 million. During the same period last year, the firm posted $1.26 earnings per share. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. Boot Barn has set its Q2 2026 guidance at 1.190-1.270 EPS. FY 2026 guidance at 5.800-6.700 EPS. On average, research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BOOT has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Boot Barn in a research note on Wednesday, October 8th. Jefferies Financial Group cut shares of Boot Barn from a “buy” rating to a “hold” rating and reduced their price objective for the company from $187.00 to $175.00 in a research note on Wednesday, July 23rd. Piper Sandler raised their price objective on shares of Boot Barn from $184.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. BTIG Research raised their price objective on shares of Boot Barn from $200.00 to $218.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, Cowen reaffirmed a “buy” rating on shares of Boot Barn in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $182.54.

About Boot Barn

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.