GAMMA Investing LLC Purchases 987 Shares of Boot Barn Holdings, Inc. $BOOT

GAMMA Investing LLC grew its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 252.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,378 shares of the company’s stock after acquiring an additional 987 shares during the quarter. GAMMA Investing LLC’s holdings in Boot Barn were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Invesco Ltd. boosted its stake in Boot Barn by 24.8% during the 1st quarter. Invesco Ltd. now owns 903,453 shares of the company’s stock valued at $97,058,000 after purchasing an additional 179,710 shares during the last quarter. Artemis Investment Management LLP boosted its stake in Boot Barn by 206.5% during the 1st quarter. Artemis Investment Management LLP now owns 734,023 shares of the company’s stock valued at $78,856,000 after purchasing an additional 494,523 shares during the last quarter. American Century Companies Inc. boosted its stake in Boot Barn by 15.3% during the 1st quarter. American Century Companies Inc. now owns 569,390 shares of the company’s stock valued at $61,170,000 after purchasing an additional 75,413 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Boot Barn by 42.1% during the 1st quarter. Ameriprise Financial Inc. now owns 503,619 shares of the company’s stock valued at $54,110,000 after purchasing an additional 149,115 shares during the last quarter. Finally, Stephens Investment Management Group LLC boosted its stake in Boot Barn by 51.4% during the 1st quarter. Stephens Investment Management Group LLC now owns 465,787 shares of the company’s stock valued at $50,039,000 after purchasing an additional 158,195 shares during the last quarter.

Boot Barn Trading Down 0.5%

NYSE:BOOT opened at $169.24 on Monday. The stock has a market capitalization of $5.17 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 1.72 and a beta of 1.62. The firm’s 50 day moving average is $174.32 and its 200 day moving average is $147.97. Boot Barn Holdings, Inc. has a 12 month low of $86.17 and a 12 month high of $191.31.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.19. The company had revenue of $504.07 million for the quarter, compared to analysts’ expectations of $489.49 million. Boot Barn had a net margin of 9.81% and a return on equity of 17.73%. Boot Barn’s revenue was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Research analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BOOT shares. BTIG Research lifted their price target on Boot Barn from $200.00 to $218.00 and gave the company a “buy” rating in a research note on Friday, August 1st. JPMorgan Chase & Co. lifted their price target on Boot Barn from $207.00 to $247.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Piper Sandler increased their price objective on shares of Boot Barn from $184.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Cowen restated a “buy” rating on shares of Boot Barn in a research note on Monday, July 28th. Finally, KeyCorp increased their price target on Boot Barn from $195.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $182.54.

About Boot Barn

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.