42,947 Shares in Boot Barn Holdings, Inc. $BOOT Acquired by Summit Creek Advisors LLC

Summit Creek Advisors LLC bought a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 42,947 shares of the company’s stock, valued at approximately $7,055,000. Boot Barn accounts for about 2.4% of Summit Creek Advisors LLC’s portfolio, making the stock its 10th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in shares of Boot Barn by 7.2% in the fourth quarter. IFP Advisors Inc now owns 942 shares of the company’s stock worth $166,000 after purchasing an additional 63 shares in the last quarter. Cynosure Group LLC raised its stake in shares of Boot Barn by 3.3% during the fourth quarter. Cynosure Group LLC now owns 2,435 shares of the company’s stock valued at $430,000 after purchasing an additional 78 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Boot Barn by 20.7% in the fourth quarter. Farther Finance Advisors LLC now owns 496 shares of the company’s stock worth $88,000 after purchasing an additional 85 shares during the period. State of Wisconsin Investment Board lifted its holdings in Boot Barn by 0.3% in the fourth quarter. State of Wisconsin Investment Board now owns 33,374 shares of the company’s stock worth $5,890,000 after purchasing an additional 89 shares during the period. Finally, MML Investors Services LLC grew its position in Boot Barn by 2.2% in the 2nd 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 in the last quarter.

Analyst Upgrades and Downgrades

BOOT has been the topic of several research analyst reports. Robert W. Baird set a $212.00 target price on shares of Boot Barn in a research note on Thursday, July 30th. UBS Group set a $225.00 price target on shares of Boot Barn in a research note on Wednesday, June 17th. BTIG Research decreased their price objective on shares of Boot Barn from $235.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Weiss Ratings upgraded shares of Boot Barn from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. Finally, Piper Sandler lowered their price objective on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” 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 assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $219.55.

Boot Barn Trading Down 3.5%

Shares of Boot Barn stock opened at $158.42 on Wednesday. The company’s 50-day moving average price is $161.68 and its two-hundred day moving average price is $165.72. Boot Barn Holdings, Inc. has a 52 week low of $133.18 and a 52 week high of $210.25. The stock has a market cap of $4.80 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.05 and a beta of 1.71.

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, beating 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 company had revenue of $593.51 million during the quarter, compared to the consensus estimate of $583.15 million. During the same period in the prior year, the company earned $1.74 EPS. Boot Barn’s revenue was up 17.7% on a year-over-year basis. 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. On average, equities analysts predict that Boot Barn Holdings, Inc. will post 9.18 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.