Parallel Advisors LLC Raises Holdings in Boot Barn Holdings, Inc. $BOOT

Parallel Advisors LLC grew its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 512.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 533 shares of the company’s stock after purchasing an additional 446 shares during the period. Parallel Advisors LLC’s holdings in Boot Barn were worth $81,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in shares of Boot Barn during the first quarter valued at about $29,000. Golden State Wealth Management LLC grew its position in shares of Boot Barn by 263.6% during the first 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 position in shares of Boot Barn by 210.8% during the first 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. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Boot Barn during the first quarter valued at about $44,000. Finally, Bayforest Capital Ltd purchased a new position in shares of Boot Barn during the first quarter valued at about $48,000.

Wall Street Analysts Forecast Growth

BOOT has been the subject of a number of research analyst reports. Cowen restated a “buy” rating on shares of Boot Barn in a research report on Monday, July 28th. BTIG Research increased their price target on shares of Boot Barn from $200.00 to $218.00 and gave the company a “buy” rating in a report on Friday, August 1st. Jefferies Financial Group downgraded shares of Boot Barn from a “buy” rating to a “hold” rating and lowered their price target for the company from $187.00 to $175.00 in a report on Wednesday, July 23rd. Piper Sandler increased their price target on shares of Boot Barn from $184.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Finally, KeyCorp increased their price target on shares of Boot Barn from $195.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Boot Barn currently has an average rating of “Moderate Buy” and a consensus target price of $182.54.

Boot Barn Stock Performance

Boot Barn stock opened at $168.16 on Thursday. The company has a 50 day moving average price of $174.33 and a 200-day moving average price of $146.40. Boot Barn Holdings, Inc. has a fifty-two week low of $86.17 and a fifty-two week high of $191.31. The company has a market capitalization of $5.14 billion, a PE ratio of 26.52, a P/E/G ratio of 1.74 and a beta of 1.62.

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

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.