Diversify Advisory Services LLC Invests $2.08 Million in Boot Barn Holdings, Inc. $BOOT

Diversify Advisory Services LLC purchased a new position in Boot Barn Holdings, Inc. (NYSE:BOOT) during the second quarter, Holdings Channel reports. The firm purchased 13,394 shares of the company’s stock, valued at approximately $2,078,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Los Angeles Capital Management LLC bought a new stake in Boot Barn during the fourth quarter worth about $29,000. Caitong International Asset Management Co. Ltd bought a new position in Boot Barn in the 3rd quarter valued at about $49,000. Danske Bank A S raised its position in shares of Boot Barn by 200.0% in the 4th quarter. Danske Bank A S now owns 300 shares of the company’s stock valued at $53,000 after buying an additional 200 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of Boot Barn by 284.1% in the 4th quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock valued at $60,000 after buying an additional 250 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in shares of Boot Barn during the 3rd quarter worth approximately $60,000.

Analyst Upgrades and Downgrades

BOOT has been the topic of several analyst reports. Weiss Ratings upgraded shares of Boot Barn from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. UBS Group set a $225.00 price objective on shares of Boot Barn in a research report on Wednesday, June 17th. BTIG Research cut their target price on Boot Barn from $235.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. TD Cowen reduced their target price on Boot Barn from $225.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Finally, Piper Sandler decreased their price target on 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 analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $219.55.

Boot Barn Stock Performance

NYSE BOOT opened at $158.42 on Wednesday. The firm’s fifty day moving average price is $161.68 and its two-hundred day moving average price is $165.72. The stock has a market cap of $4.80 billion, a PE ratio of 20.05, a PEG ratio of 1.05 and a beta of 1.71. Boot Barn Holdings, Inc. has a fifty-two week low of $133.18 and a fifty-two week high of $210.25.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.60. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.The company had revenue of $593.51 million during the quarter, compared to analysts’ expectations 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% 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, sell-side analysts predict that Boot Barn Holdings, Inc. will post 9.18 earnings per share for the current fiscal 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.