Diversify Wealth Management LLC Buys 6,470 Shares of Boot Barn Holdings, Inc. $BOOT

Diversify Wealth Management LLC increased its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 120.7% in the first quarter, Holdings Channel.com reports. The firm owned 11,832 shares of the company’s stock after purchasing an additional 6,470 shares during the quarter. Diversify Wealth Management LLC’s holdings in Boot Barn were worth $1,732,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BOOT. Los Angeles Capital Management LLC acquired a new stake in shares of Boot Barn in the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Boot Barn during the third quarter worth about $49,000. Danske Bank A S boosted its position in shares of Boot Barn by 200.0% during the fourth quarter. Danske Bank A S now owns 300 shares of the company’s stock worth $53,000 after buying an additional 200 shares during the period. Hantz Financial Services Inc. boosted its position in shares of Boot Barn by 284.1% during the fourth quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock worth $60,000 after buying an additional 250 shares during the period. Finally, Johnson Financial Group Inc. bought a new position in shares of Boot Barn during the third quarter worth about $60,000.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BOOT. Robert W. Baird dropped their target price on Boot Barn from $244.00 to $225.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Weiss Ratings downgraded Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Piper Sandler decreased their price target on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. BTIG Research reaffirmed a “buy” rating and set a $235.00 price target on shares of Boot Barn in a research note on Friday, May 15th. Finally, Citigroup reiterated a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $226.92.

Boot Barn Price Performance

Boot Barn stock opened at $156.24 on Wednesday. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.15 and a beta of 1.69. The firm has a 50-day moving average of $162.52 and a 200-day moving average of $171.09. Boot Barn Holdings, Inc. has a one year low of $133.18 and a one year high of $210.25.

Boot Barn (NYSE:BOOT) last released its earnings results on Thursday, May 14th. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.The business had revenue of $538.75 million for the quarter, compared to the consensus estimate of $531.43 million. During the same quarter in the previous year, the business earned $1.22 earnings per share. Boot Barn’s quarterly revenue was up 18.7% on a year-over-year basis. Boot Barn has set its Q1 2027 guidance at 1.620-1.710 EPS and its FY 2027 guidance at 8.210-8.640 EPS. As a group, sell-side analysts expect that Boot Barn Holdings, Inc. will post 8.55 earnings per share 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.