Boot Barn Holdings, Inc. $BOOT Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 8.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,126 shares of the company’s stock after selling 2,388 shares during the quarter. Deutsche Bank AG owned about 0.08% of Boot Barn worth $2,699,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in Boot Barn during the 1st quarter valued at approximately $29,000. Golden State Wealth Management LLC grew its stake in Boot Barn by 263.6% during the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the company’s stock valued at $30,000 after purchasing an additional 203 shares in the last quarter. Versant Capital Management Inc grew its stake in Boot Barn by 210.8% during the 1st quarter. Versant Capital Management Inc now owns 317 shares of the company’s stock valued at $34,000 after purchasing an additional 215 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in Boot Barn during the 1st quarter valued at approximately $48,000. Finally, First Horizon Advisors Inc. grew its stake in Boot Barn by 20.6% during the 1st quarter. First Horizon Advisors Inc. now owns 1,321 shares of the company’s stock valued at $142,000 after purchasing an additional 226 shares in the last quarter.

Boot Barn Trading Down 1.8%

Shares of NYSE BOOT opened at $164.3230 on Wednesday. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 1.70 and a beta of 1.76. Boot Barn Holdings, Inc. has a 12-month low of $86.17 and a 12-month high of $183.60. The stock’s 50 day simple moving average is $165.90 and its 200 day simple moving average is $137.79.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.19. The business had revenue of $504.07 million for the quarter, compared to the consensus estimate of $489.49 million. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.The business’s revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS. Boot Barn has set its Q2 2026 guidance at 1.190-1.270 EPS. FY 2026 guidance at 5.800-6.700 EPS. As a group, equities analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Boot Barn announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 14th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to buy up to 4.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BOOT shares. Bank of America raised their price objective on Boot Barn from $160.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Citigroup lifted their target price on Boot Barn from $137.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. BTIG Research lifted their target price on Boot Barn from $200.00 to $218.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Craig Hallum upgraded Boot Barn from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research report on Wednesday, April 23rd. Finally, Robert W. Baird lifted their target price on Boot Barn from $140.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $182.54.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, insider Laurie Marie Grijalva sold 2,438 shares of Boot Barn stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $160.67, for a total transaction of $391,713.46. Following the sale, the insider owned 14,593 shares of the company’s stock, valued at $2,344,657.31. The trade was a 14.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael A. Love sold 4,154 shares of Boot Barn stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $155.34, for a total value of $645,282.36. Following the sale, the insider directly owned 2,112 shares in the company, valued at $328,078.08. The trade was a 66.29% decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

Boot Barn Profile

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.