Envestnet Portfolio Solutions Inc. Has $1.10 Million Holdings in Boot Barn Holdings, Inc. $BOOT

Envestnet Portfolio Solutions Inc. lifted its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 54.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,250 shares of the company’s stock after buying an additional 2,554 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Boot Barn were worth $1,102,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Invesco Ltd. increased its holdings in shares of Boot Barn by 24.8% during the first quarter. Invesco Ltd. now owns 903,453 shares of the company’s stock worth $97,058,000 after buying an additional 179,710 shares in the last quarter. Artemis Investment Management LLP increased its holdings in shares of Boot Barn by 206.5% during the first quarter. Artemis Investment Management LLP now owns 734,023 shares of the company’s stock worth $78,856,000 after buying an additional 494,523 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Boot Barn by 15.3% during the first quarter. American Century Companies Inc. now owns 569,390 shares of the company’s stock worth $61,170,000 after buying an additional 75,413 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Boot Barn by 42.1% during the first quarter. Ameriprise Financial Inc. now owns 503,619 shares of the company’s stock worth $54,110,000 after buying an additional 149,115 shares in the last quarter. Finally, Stephens Investment Management Group LLC increased its holdings in shares of Boot Barn by 51.4% during the first quarter. Stephens Investment Management Group LLC now owns 465,787 shares of the company’s stock worth $50,039,000 after buying an additional 158,195 shares in the last quarter.

Boot Barn Trading Down 1.2%

Shares of Boot Barn stock opened at $184.75 on Friday. The business has a 50-day moving average price of $174.58 and a two-hundred day moving average price of $154.52. Boot Barn Holdings, Inc. has a 1-year low of $86.17 and a 1-year high of $191.31. The company has a market cap of $5.65 billion, a P/E ratio of 29.14, a PEG ratio of 1.86 and a beta of 1.61.

Boot Barn (NYSE:BOOT) last issued 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 return on equity of 17.73% and a net margin of 9.81%.The firm had revenue of $504.07 million during the quarter, compared to the consensus estimate of $489.49 million. During the same period last year, the business posted $1.26 EPS. The business’s 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. Equities research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Analysts Set New Price Targets

BOOT has been the subject of a number of recent research reports. Cowen restated a “buy” rating on shares of Boot Barn in a report on Monday, July 28th. JPMorgan Chase & Co. increased their price objective on Boot Barn from $207.00 to $247.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Jefferies Financial Group downgraded Boot Barn from a “buy” rating to a “hold” rating and decreased their price objective for the company from $187.00 to $175.00 in a report on Wednesday, July 23rd. KeyCorp increased their price objective on Boot Barn from $195.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Boot Barn in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Boot Barn currently has an average rating of “Moderate Buy” and an average target price of $182.54.

Boot Barn Company Profile

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.