KLP Kapitalforvaltning AS Acquires 500 Shares of Boot Barn Holdings, Inc. $BOOT

KLP Kapitalforvaltning AS increased its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 8.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,300 shares of the company’s stock after purchasing an additional 500 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Boot Barn were worth $958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Boot Barn Trading Up 4.3%

NYSE:BOOT opened at $187.74 on Thursday. Boot Barn Holdings, Inc. has a 12-month low of $86.17 and a 12-month high of $191.31. The stock has a 50-day moving average price of $173.83 and a 200 day moving average price of $153.19. The stock has a market capitalization of $5.74 billion, a P/E ratio of 29.61, a P/E/G ratio of 1.81 and a beta of 1.61.

Boot Barn (NYSE:BOOT) last released its 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. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.The firm had revenue of $504.07 million during the quarter, compared to analysts’ expectations of $489.49 million. During the same quarter last year, the business posted $1.26 earnings per share. The firm’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, research analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BOOT has been the subject of a number of research reports. Piper Sandler upped their price objective on Boot Barn from $184.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. BTIG Research upped their price objective on Boot Barn from $200.00 to $218.00 and gave the company a “buy” rating in a research report on Friday, August 1st. KeyCorp upped their price objective on Boot Barn from $195.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Boot Barn in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group cut Boot Barn from a “buy” rating to a “hold” rating and reduced their price objective for the company from $187.00 to $175.00 in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Boot Barn presently has a consensus rating of “Moderate Buy” and an average price target of $182.54.

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.