Osterweis Capital Management Inc. Takes $13.31 Million Position in Boot Barn Holdings, Inc. $BOOT

Osterweis Capital Management Inc. purchased a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 81,015 shares of the company’s stock, valued at approximately $13,308,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BOOT. Los Angeles Capital Management LLC acquired a new stake in Boot Barn in the fourth quarter valued at $29,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Boot Barn during the 2nd quarter worth $33,000. Quantbot Technologies LP acquired a new position in shares of Boot Barn during the 2nd quarter worth $46,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Boot Barn during the 3rd quarter worth $49,000. Finally, Danske Bank A S increased its holdings in shares of Boot Barn by 200.0% in the 4th quarter. Danske Bank A S now owns 300 shares of the company’s stock valued at $53,000 after purchasing an additional 200 shares in the last quarter.

Boot Barn Stock Down 2.1%

BOOT opened at $162.07 on Tuesday. The firm has a market cap of $4.91 billion, a P/E ratio of 20.52, a PEG ratio of 1.07 and a beta of 1.71. The business’s fifty day simple moving average is $161.26 and its 200 day simple moving average is $165.29. Boot Barn Holdings, Inc. has a 52 week low of $133.18 and a 52 week high of $210.25.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.60. The company had revenue of $593.51 million during the quarter, compared to the consensus estimate of $583.15 million. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.Boot Barn’s revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.74 EPS. Boot Barn has set its FY 2027 guidance at 8.800-9.230 EPS and its Q2 2027 guidance at 1.550-1.650 EPS. As a group, equities analysts expect that Boot Barn Holdings, Inc. will post 9.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on BOOT shares. Robert W. Baird set a $212.00 price objective on shares of Boot Barn in a research note on Thursday, July 30th. Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. BTIG Research reduced their price target on shares of Boot Barn from $235.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Stephens lifted their price target on shares of Boot Barn from $196.00 to $207.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Finally, Piper Sandler decreased their price target on Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $219.55.

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.