Bell Asset Management Ltd Makes New $2.73 Million Investment in Boot Barn Holdings, Inc. $BOOT

Bell Asset Management Ltd bought a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 16,496 shares of the company’s stock, valued at approximately $2,734,000. Bell Asset Management Ltd owned approximately 0.05% of Boot Barn at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Campbell Newman Asset Management Inc. lifted its position in shares of Boot Barn by 0.5% in the third quarter. Campbell Newman Asset Management Inc. now owns 12,944 shares of the company’s stock worth $2,145,000 after purchasing an additional 60 shares in the last quarter. Park Avenue Securities LLC grew its position in Boot Barn by 2.4% during the third quarter. Park Avenue Securities LLC now owns 2,826 shares of the company’s stock valued at $468,000 after purchasing an additional 66 shares in the last quarter. Koshinski Asset Management Inc. grew its position in Boot Barn by 5.3% during the third quarter. Koshinski Asset Management Inc. now owns 1,538 shares of the company’s stock valued at $255,000 after purchasing an additional 78 shares in the last quarter. Amalgamated Bank increased its stake in Boot Barn by 0.9% in the 3rd quarter. Amalgamated Bank now owns 8,755 shares of the company’s stock valued at $1,451,000 after buying an additional 79 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in Boot Barn by 9.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 928 shares of the company’s stock valued at $154,000 after buying an additional 80 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Weiss Ratings lowered shares of Boot Barn from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Piper Sandler lifted their price objective on Boot Barn from $229.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Citigroup boosted their target price on Boot Barn from $230.00 to $232.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Jefferies Financial Group raised their price target on Boot Barn from $180.00 to $195.00 and gave the stock a “hold” rating in a research note on Monday, January 12th. Finally, BTIG Research reissued a “buy” rating and issued a $235.00 price target on shares of Boot Barn in a research note on Thursday, February 5th. One investment 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 company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $217.00.

Boot Barn Stock Performance

BOOT opened at $178.63 on Monday. The firm has a market cap of $5.43 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 1.27 and a beta of 1.66. The business has a 50 day moving average price of $188.90 and a 200 day moving average price of $185.75. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month high of $210.25.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $2.79 EPS for the quarter, meeting the consensus estimate of $2.79. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The company had revenue of $705.64 million for the quarter, compared to the consensus estimate of $700.71 million. During the same quarter last year, the company posted $2.43 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. 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, analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Boot Barn 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.