Jennison Associates LLC increased its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT – Free Report) by 18.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 296,093 shares of the company’s stock after purchasing an additional 45,919 shares during the quarter. Jennison Associates LLC’s holdings in Boot Barn were worth $52,252,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new stake in Boot Barn during the third quarter worth $25,000. Parkside Financial Bank & Trust lifted its stake in shares of Boot Barn by 164.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 193 shares of the company’s stock valued at $32,000 after purchasing an additional 120 shares during the last quarter. Salomon & Ludwin LLC purchased a new position in shares of Boot Barn during the 3rd quarter worth $42,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Boot Barn during the 3rd quarter worth $49,000. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Boot Barn during the 3rd quarter worth about $60,000.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on BOOT shares. Stephens upgraded shares of Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 price objective on the stock in a report on Friday, February 6th. Citigroup lifted their price target on shares of Boot Barn from $230.00 to $232.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. UBS Group boosted their price target on shares of Boot Barn from $265.00 to $267.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. BTIG Research restated a “buy” rating and issued a $235.00 price objective on shares of Boot Barn in a report on Thursday, February 5th. Finally, Piper Sandler increased their price objective on shares of Boot Barn from $229.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Boot Barn presently has an average rating of “Moderate Buy” and an average price target of $224.25.
Boot Barn Trading Up 2.8%
BOOT stock opened at $171.44 on Friday. The business’s fifty day moving average price is $165.51 and its 200 day moving average price is $181.10. Boot Barn Holdings, Inc. has a 12-month low of $105.07 and a 12-month high of $210.25. The company has a market capitalization of $5.22 billion, a PE ratio of 24.08, a P/E/G ratio of 1.02 and a beta of 1.75.
Boot Barn (NYSE:BOOT – Get Free Report) last announced its earnings results on Wednesday, February 4th. The company reported $2.79 EPS for the quarter, meeting analysts’ consensus estimates of $2.79. The company had revenue of $705.64 million during the quarter, compared to analysts’ expectations of $700.71 million. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.Boot Barn’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the business posted $2.43 EPS. Boot Barn has set its FY 2026 guidance at 7.250-7.350 EPS and its Q4 2026 guidance at 1.350-1.450 EPS. Research analysts predict that Boot Barn Holdings, Inc. will post 7.33 EPS for the current fiscal year.
About Boot Barn
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.
See Also
Want to see what other hedge funds are holding BOOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boot Barn Holdings, Inc. (NYSE:BOOT – Free Report).
Receive News & Ratings for Boot Barn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boot Barn and related companies with MarketBeat.com's FREE daily email newsletter.
