Amundi Trims Position in Boot Barn Holdings, Inc. $BOOT

Amundi cut its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 6.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 26,248 shares of the company’s stock after selling 1,742 shares during the quarter. Amundi’s holdings in Boot Barn were worth $2,566,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in shares of Boot Barn during the first quarter valued at approximately $29,000. Golden State Wealth Management LLC increased its stake in shares of Boot Barn by 263.6% during the first quarter. Golden State Wealth Management LLC now owns 280 shares of the company’s stock valued at $30,000 after buying an additional 203 shares during the period. Versant Capital Management Inc increased its stake in shares of Boot Barn by 210.8% during the first quarter. Versant Capital Management Inc now owns 317 shares of the company’s stock valued at $34,000 after buying an additional 215 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Boot Barn during the first quarter valued at approximately $44,000. Finally, Bayforest Capital Ltd purchased a new position in shares of Boot Barn during the first quarter valued at approximately $48,000.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BOOT. Citigroup lifted their price target on Boot Barn from $137.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, May 16th. KeyCorp lifted their price target on Boot Barn from $195.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Cowen restated a “buy” rating on shares of Boot Barn in a research report on Monday, July 28th. BTIG Research boosted 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. Finally, Jefferies Financial Group downgraded Boot Barn from a “buy” rating to a “hold” rating and dropped their target price for the stock from $187.00 to $175.00 in a report on Wednesday, July 23rd. 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’s stock. According to data from MarketBeat.com, Boot Barn presently has an average rating of “Moderate Buy” and an average price target of $182.54.

Boot Barn Stock Performance

Boot Barn stock opened at $188.38 on Friday. The stock has a market cap of $5.76 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 1.86 and a beta of 1.62. Boot Barn Holdings, Inc. has a one year low of $86.17 and a one year high of $191.31. The stock has a fifty day moving average of $172.75 and a 200 day moving average of $142.79.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.19. The company had revenue of $504.07 million during the quarter, compared to analysts’ expectations of $489.49 million. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.Boot Barn’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same quarter in the prior 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. As a group, sell-side analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Boot Barn Company 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.