Cwm LLC Buys 955 Shares of Boot Barn Holdings, Inc. $BOOT

Cwm LLC grew its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 368.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,214 shares of the company’s stock after purchasing an additional 955 shares during the quarter. Cwm LLC’s holdings in Boot Barn were worth $185,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Nuveen LLC bought a new position in Boot Barn during the first quarter worth about $38,387,000. Invesco Ltd. increased its position in Boot Barn by 24.8% during the first quarter. Invesco Ltd. now owns 903,453 shares of the company’s stock worth $97,058,000 after acquiring an additional 179,710 shares during the period. 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 worth $50,039,000 after acquiring an additional 158,195 shares during the period. 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 worth $54,110,000 after acquiring an additional 149,115 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new position in Boot Barn during the first quarter worth about $13,539,000.

Boot Barn Trading Down 2.6%

Shares of Boot Barn stock opened at $193.44 on Thursday. The firm has a market capitalization of $5.91 billion, a PE ratio of 30.51, a price-to-earnings-growth ratio of 1.98 and a beta of 1.61. The firm’s 50 day moving average is $179.08 and its 200 day moving average is $160.33. Boot Barn Holdings, Inc. has a 1 year low of $86.17 and a 1 year high of $204.71.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.13. Boot Barn had a net margin of 9.81% and a return on equity of 17.73%. The firm’s revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 EPS. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS. FY 2026 guidance at 6.750-7.150 EPS. As a group, research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Boot Barn from $207.00 to $247.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. BTIG Research raised their target price 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Boot Barn in a report on Wednesday, October 8th. Seaport Res Ptn lowered shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Jefferies Financial Group lowered shares of Boot Barn from a “buy” rating to a “hold” rating and decreased their target price for the company from $187.00 to $175.00 in a report on Wednesday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $182.55.

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.