Edgestream Partners L.P. Acquires 22,927 Shares of Boot Barn Holdings, Inc. $BOOT

Edgestream Partners L.P. lifted its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 236.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 32,606 shares of the company’s stock after acquiring an additional 22,927 shares during the period. Edgestream Partners L.P.’s holdings in Boot Barn were worth $4,772,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of BOOT. Los Angeles Capital Management LLC acquired a new stake in Boot Barn in the fourth quarter valued at about $29,000. Caitong International Asset Management Co. Ltd acquired a new position in Boot Barn during the third quarter worth about $49,000. Danske Bank A S raised its stake in 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 acquiring an additional 200 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Boot Barn by 284.1% in the fourth quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock worth $60,000 after acquiring an additional 250 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of Boot Barn by 702.3% in the fourth quarter. Global Retirement Partners LLC now owns 353 shares of the company’s stock worth $62,000 after acquiring an additional 309 shares during the last quarter.

Boot Barn Stock Down 3.6%

Shares of Boot Barn stock opened at $148.89 on Friday. Boot Barn Holdings, Inc. has a twelve month low of $133.18 and a twelve month high of $210.25. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 18.85, a P/E/G ratio of 1.01 and a beta of 1.69. The company’s fifty day moving average is $162.76 and its 200 day moving average is $168.04.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data 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. The business had revenue of $593.51 million during the quarter, compared to the consensus estimate of $583.15 million. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.Boot Barn’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.74 earnings per share. 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, equities analysts anticipate that Boot Barn Holdings, Inc. will post 9.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BOOT has been the topic of several research reports. Weiss Ratings raised shares of Boot Barn from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Piper Sandler dropped 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 note on Friday, May 15th. Jefferies Financial Group upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a research report on Monday, April 6th. UBS Group set a $225.00 target price on shares of Boot Barn in a research report on Wednesday, June 17th. Finally, Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a research note on Monday, May 4th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Boot Barn presently has a consensus rating of “Moderate Buy” and an average target price of $222.27.

Trending Headlines about Boot Barn

Here are the key news stories impacting Boot Barn this week:

• Positive Sentiment: Boot Barn reported fiscal Q1 earnings of $2.29 per share, well above the $1.69 analyst consensus, while revenue increased 17.7% year over year to $593.5 million and exceeded estimates. Store expansion and e-commerce momentum supported the results. Boot Barn Q1 Earnings and Revenues Top Estimates
• Positive Sentiment: Management raised its fiscal 2027 outlook, projecting approximately $2.6 billion in sales and EPS of $8.80 to $9.23. The updated EPS range includes an estimated $0.46 benefit from tariff refunds, while analysts cited store growth, digital sales and the refund as key drivers of the beat. Boot Barn Fiscal 2027 Outlook
• Neutral Sentiment: Boot Barn continues expanding its store base, including a planned location in a Gilroy, California, shopping center previously occupied by Old Navy. The expansion supports long-term revenue growth but also increases operating costs and does not immediately resolve valuation concerns. Boot Barn Gilroy Store Expansion
• Negative Sentiment: July sales have slowed, raising concerns that demand could moderate after the first-quarter beat. Reports also indicate that quarterly revenue guidance fell short of expectations, making investors less confident in the pace of growth during the next quarter. Boot Barn Beats Q1 Estimates but July Sales Slow
• Negative Sentiment: The tariff refund is a nonrecurring benefit, meaning part of the EPS outlook increase may not represent ongoing operating improvement. In addition, TD Cowen lowered its price target from $225 to $190, retaining a Buy rating but signaling reduced valuation upside and greater caution. TD Cowen Lowers Boot Barn Price Target

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.