GW&K Investment Management LLC Has $26.85 Million Position in Boot Barn Holdings, Inc. $BOOT

GW&K Investment Management LLC trimmed its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,993 shares of the company’s stock after selling 3,808 shares during the quarter. GW&K Investment Management LLC’s holdings in Boot Barn were worth $26,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in Boot Barn by 2.9% in the second quarter. Geode Capital Management LLC now owns 726,936 shares of the company’s stock worth $110,508,000 after purchasing an additional 20,549 shares in the last quarter. Marshall Wace LLP grew its position in shares of Boot Barn by 63.3% during the 2nd quarter. Marshall Wace LLP now owns 655,923 shares of the company’s stock worth $99,700,000 after buying an additional 254,296 shares during the period. Franklin Resources Inc. increased its stake in shares of Boot Barn by 20.3% in the 2nd quarter. Franklin Resources Inc. now owns 578,654 shares of the company’s stock valued at $87,955,000 after acquiring an additional 97,635 shares in the last quarter. Congress Asset Management Co. increased its stake in shares of Boot Barn by 22.0% in the 3rd quarter. Congress Asset Management Co. now owns 560,063 shares of the company’s stock valued at $92,814,000 after acquiring an additional 100,910 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of Boot Barn by 25.1% during the 2nd quarter. Raymond James Financial Inc. now owns 413,387 shares of the company’s stock valued at $62,835,000 after acquiring an additional 82,938 shares during the period.

Analysts Set New Price Targets

BOOT has been the subject of a number of research reports. BTIG Research restated a “buy” rating and issued a $235.00 price target on shares of Boot Barn in a report on Thursday, February 5th. Stephens raised 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 research report on Friday, February 6th. Weiss Ratings raised Boot Barn from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Jefferies Financial Group upped their price target on Boot Barn from $180.00 to $195.00 and gave the stock a “hold” rating in a research note on Monday, January 12th. Finally, Zacks Research raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Boot Barn presently has a consensus rating of “Buy” and an average price target of $217.00.

Boot Barn Price Performance

NYSE:BOOT opened at $185.03 on Friday. Boot Barn Holdings, Inc. has a one year low of $86.17 and a one year high of $210.25. The company has a market cap of $5.63 billion, a PE ratio of 25.99, a PEG ratio of 1.31 and a beta of 1.66. The firm has a 50-day moving average of $189.06 and a 200-day moving average of $185.41.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $2.79 earnings per share for the quarter, meeting the consensus estimate of $2.79. The business had revenue of $705.64 million for the quarter, compared to analysts’ expectations of $700.71 million. Boot Barn had a net margin of 10.10% and a return on equity of 18.28%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm earned $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. On average, equities research analysts expect that Boot Barn Holdings, Inc. will post 5.82 earnings per share 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.