IFP Advisors Inc Purchases 681 Shares of Boot Barn Holdings, Inc. $BOOT

IFP Advisors Inc boosted its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 338.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 882 shares of the company’s stock after buying an additional 681 shares during the period. IFP Advisors Inc’s holdings in Boot Barn were worth $139,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. raised its holdings in shares of Boot Barn by 24.8% during the 1st quarter. Invesco Ltd. now owns 903,453 shares of the company’s stock worth $97,058,000 after acquiring an additional 179,710 shares in the last quarter. Artemis Investment Management LLP raised its stake 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 purchasing an additional 494,523 shares in the last quarter. American Century Companies Inc. lifted 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 purchasing an additional 75,413 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Boot Barn by 42.1% in the 1st quarter. Ameriprise Financial Inc. now owns 503,619 shares of the company’s stock worth $54,110,000 after buying an additional 149,115 shares in the last quarter. Finally, Stephens Investment Management Group LLC increased its holdings in shares of Boot Barn by 51.4% in the 1st quarter. Stephens Investment Management Group LLC now owns 465,787 shares of the company’s stock worth $50,039,000 after buying an additional 158,195 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages recently commented on BOOT. 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. Cowen reaffirmed a “buy” rating on shares of Boot Barn in a research note on Monday, July 28th. BTIG Research lifted their target price on Boot Barn from $200.00 to $218.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Piper Sandler increased their price target on Boot Barn from $184.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Finally, Jefferies Financial Group lowered shares of Boot Barn from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $187.00 to $175.00 in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and an average price target of $182.54.

Boot Barn Stock Performance

Shares of NYSE:BOOT opened at $184.75 on Friday. The firm has a market cap of $5.65 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 1.86 and a beta of 1.61. The firm’s 50 day simple moving average is $174.58 and its 200-day simple moving average is $154.52. Boot Barn Holdings, Inc. has a one year low of $86.17 and a one year high of $191.31.

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, beating analysts’ consensus estimates of $1.55 by $0.19. The firm had revenue of $504.07 million during the quarter, compared to analyst estimates of $489.49 million. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.Boot Barn’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 earnings per share. Boot Barn has set its Q2 2026 guidance at 1.190-1.270 EPS. FY 2026 guidance at 5.800-6.700 EPS. Equities research analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal 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.