Congress Asset Management Co. Increases Stock Holdings in Boot Barn Holdings, Inc. $BOOT

Congress Asset Management Co. increased its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 622,413 shares of the company’s stock after buying an additional 62,350 shares during the quarter. Congress Asset Management Co. owned 2.04% of Boot Barn worth $109,837,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of BOOT. SG Americas Securities LLC lifted its stake in Boot Barn by 65.3% during the 4th quarter. SG Americas Securities LLC now owns 9,486 shares of the company’s stock valued at $1,674,000 after acquiring an additional 3,747 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Boot Barn in the 4th quarter worth $207,000. Union Bancaire Privee UBP SA raised its holdings in shares of Boot Barn by 69.6% in the fourth quarter. Union Bancaire Privee UBP SA now owns 3,325 shares of the company’s stock valued at $593,000 after purchasing an additional 1,365 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Boot Barn by 5.6% in the fourth quarter. GAMMA Investing LLC now owns 1,505 shares of the company’s stock valued at $266,000 after purchasing an additional 80 shares during the last quarter. Finally, Tudor Investment Corp ET AL lifted its position in shares of Boot Barn by 18.5% during the third quarter. Tudor Investment Corp ET AL now owns 37,717 shares of the company’s stock valued at $6,250,000 after purchasing an additional 5,890 shares in the last quarter.

Analyst Ratings Changes

BOOT has been the subject of a number of recent analyst reports. Stephens raised shares of Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 price objective for the company in a research report on Friday, February 6th. BTIG Research restated a “buy” rating and issued a $235.00 target price on shares of Boot Barn in a research note on Thursday, February 5th. Citigroup upped their target price on Boot Barn from $230.00 to $232.00 and gave the company a “buy” rating in a report on Thursday, February 5th. UBS Group increased their price target on Boot Barn from $265.00 to $267.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Finally, Zacks Research cut Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $217.00.

Boot Barn Stock Up 2.2%

BOOT opened at $161.44 on Tuesday. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month high of $210.25. The company’s 50-day moving average price is $183.65 and its two-hundred day moving average price is $184.70. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 1.12 and a beta of 1.66.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $2.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.79. The company had revenue of $705.64 million during the quarter, compared to analyst estimates of $700.71 million. Boot Barn had a net margin of 10.10% and a return on equity of 18.28%. Boot Barn’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.43 EPS. Boot Barn has set its FY 2026 guidance at 7.250-7.350 EPS and its Q4 2026 guidance at 1.350-1.450 EPS. As a group, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Boot Barn Company Profile

Boot Barn, Inc is a leading specialty retailer focused on western and work-related footwear, apparel and accessories. The company operates full-price and outlet retail stores under the Boot Barn and BootBarn.com brands, offering a wide assortment of cowboy boots, work boots, casual and fashion footwear, western and work apparel, hats, belts and related accessories. In addition to its brick-and-mortar network, Boot Barn maintains an e-commerce platform to serve customers seeking ranch-and-rodeo style clothing and rugged workwear from coast to coast.

Founded in 1978 in Southern California, Boot Barn began as a single store catering to ranchers, farmworkers and western enthusiasts.