Segall Bryant & Hamill LLC Has $10.78 Million Holdings in Boot Barn Holdings, Inc. $BOOT

Segall Bryant & Hamill LLC decreased its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,682 shares of the company’s stock after selling 3,815 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Boot Barn were worth $10,784,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. IFP Advisors Inc raised its position in Boot Barn by 7.2% during the 4th quarter. IFP Advisors Inc now owns 942 shares of the company’s stock worth $166,000 after purchasing an additional 63 shares during the last quarter. Cynosure Group LLC grew its position in shares of Boot Barn by 3.3% in the 4th quarter. Cynosure Group LLC now owns 2,435 shares of the company’s stock valued at $430,000 after buying an additional 78 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Boot Barn by 20.7% in the 4th quarter. Farther Finance Advisors LLC now owns 496 shares of the company’s stock valued at $88,000 after buying an additional 85 shares during the last quarter. State of Wisconsin Investment Board increased its stake in shares of Boot Barn by 0.3% in the fourth quarter. State of Wisconsin Investment Board now owns 33,374 shares of the company’s stock valued at $5,890,000 after buying an additional 89 shares during the period. Finally, MML Investors Services LLC increased its stake in shares of Boot Barn by 2.2% in the second quarter. MML Investors Services LLC now owns 4,262 shares of the company’s stock valued at $648,000 after buying an additional 93 shares during the period.

Boot Barn News Roundup

Here are the key news stories impacting Boot Barn this week:

• Positive Sentiment: Boot Barn reported fiscal Q1 earnings of $2.29 per share, well above the $1.69 analyst consensus, while revenue increased 17.7% year over year to $593.5 million and exceeded estimates. Store expansion and e-commerce momentum supported the results. Boot Barn Q1 Earnings and Revenues Top Estimates
• Positive Sentiment: Management raised its fiscal 2027 outlook, projecting approximately $2.6 billion in sales and EPS of $8.80 to $9.23. The updated EPS range includes an estimated $0.46 benefit from tariff refunds, while analysts cited store growth, digital sales and the refund as key drivers of the beat. Boot Barn Fiscal 2027 Outlook
• Neutral Sentiment: Boot Barn continues expanding its store base, including a planned location in a Gilroy, California, shopping center previously occupied by Old Navy. The expansion supports long-term revenue growth but also increases operating costs and does not immediately resolve valuation concerns. Boot Barn Gilroy Store Expansion
• Negative Sentiment: July sales have slowed, raising concerns that demand could moderate after the first-quarter beat. Reports also indicate that quarterly revenue guidance fell short of expectations, making investors less confident in the pace of growth during the next quarter. Boot Barn Beats Q1 Estimates but July Sales Slow
• Negative Sentiment: The tariff refund is a nonrecurring benefit, meaning part of the EPS outlook increase may not represent ongoing operating improvement. In addition, TD Cowen lowered its price target from $225 to $190, retaining a Buy rating but signaling reduced valuation upside and greater caution. TD Cowen Lowers Boot Barn Price Target

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BOOT shares. Citigroup restated a “buy” rating on shares of Boot Barn in a research report on Monday, May 4th. Jefferies Financial Group raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 target price for the company in a research report on Monday, April 6th. BTIG Research lowered their price target on shares of Boot Barn from $235.00 to $215.00 and set a “buy” rating for the company in a report on Thursday. TD Cowen lowered their price target on shares of Boot Barn from $225.00 to $190.00 and set a “buy” rating for the company in a report on Thursday. Finally, Piper Sandler dropped their price target 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. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Boot Barn currently has an average rating of “Moderate Buy” and a consensus target price of $222.27.

Boot Barn Price Performance

Shares of NYSE:BOOT opened at $148.89 on Monday. Boot Barn Holdings, Inc. has a 1 year low of $133.18 and a 1 year high of $210.25. The business’s 50-day moving average is $162.76 and its 200-day moving average is $167.81. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 18.85, a P/E/G ratio of 0.96 and a beta of 1.71.

Boot Barn (NYSE:BOOT) last released its earnings results on Wednesday, July 29th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $1.69 by $0.60. The business had revenue of $593.51 million during the quarter, compared to analysts’ expectations of $583.15 million. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.The firm’s revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.74 earnings per share. 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. Analysts anticipate that Boot Barn Holdings, Inc. will post 9.16 EPS for the current year.

Boot Barn Company 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.