Simplicity Wealth LLC Makes New $594,000 Investment in Boot Barn Holdings, Inc. $BOOT

Simplicity Wealth LLC acquired a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,618 shares of the company’s stock, valued at approximately $594,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC purchased a new stake in shares of Boot Barn during the 2nd quarter worth $304,000. Bank of New York Mellon Corp purchased a new position in Boot Barn in the second quarter valued at $31,290,000. State of Wyoming acquired a new stake in Boot Barn in the second quarter valued at $280,000. GSA Capital Partners LLP purchased a new stake in Boot Barn during the 2nd quarter worth about $615,000. Finally, Wedge Capital Management L L P NC lifted its holdings in Boot Barn by 7.6% during the 2nd quarter. Wedge Capital Management L L P NC now owns 212,327 shares of the company’s stock worth $34,879,000 after buying an additional 15,074 shares during the last quarter.

Wall Street Analyst Weigh In

BOOT has been the topic of several research analyst reports. BTIG Research cut their target price on Boot Barn from $235.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. TD Cowen cut their price objective on shares of Boot Barn from $225.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Piper Sandler reduced their price objective on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Robert W. Baird set a $212.00 target price on shares of Boot Barn in a research report on Thursday, July 30th. Finally, Bank of America cut their price target on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $219.55.

Boot Barn Trading Up 0.3%

Shares of NYSE BOOT opened at $163.73 on Tuesday. The stock has a 50 day moving average of $161.92 and a two-hundred day moving average of $165.82. The stock has a market cap of $4.96 billion, a P/E ratio of 20.73, a P/E/G ratio of 1.05 and a beta of 1.71. Boot Barn Holdings, Inc. has a twelve month low of $133.18 and a twelve month high of $210.25.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.60. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. The firm had revenue of $593.51 million during the quarter, compared to analysts’ expectations of $583.15 million. During the same quarter in the prior year, the business earned $1.74 EPS. Boot Barn’s quarterly 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. As a group, research analysts predict that Boot Barn Holdings, Inc. will post 9.18 earnings per share for the current year.

Boot Barn 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.