Sei Investments Co. Has $9.53 Million Stock Position in Boot Barn Holdings, Inc. $BOOT

Sei Investments Co. raised its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 8.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 65,130 shares of the company’s stock after purchasing an additional 4,834 shares during the period. Sei Investments Co. owned 0.21% of Boot Barn worth $9,533,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC bought a new position in Boot Barn during the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd bought a new position in Boot Barn in the third quarter worth approximately $49,000. Danske Bank A S lifted 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 worth $53,000 after purchasing an additional 200 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in shares of Boot Barn by 284.1% in the fourth quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock valued at $60,000 after buying an additional 250 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in Boot Barn during the 3rd quarter valued at about $60,000.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BOOT shares. UBS Group set a $225.00 price objective on shares of Boot Barn in a report on Wednesday, June 17th. Citigroup reissued a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. TD Cowen reduced their target price on shares of Boot Barn from $225.00 to $190.00 and set a “buy” rating for the company in a research note on Thursday. Piper Sandler reduced their price target on Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Finally, BTIG Research decreased their target price on shares of Boot Barn from $235.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $222.27.

More Boot Barn News

Here are the key news stories impacting Boot Barn this week:

• Positive Sentiment: Boot Barn reported fiscal Q1 earnings of $2.29 per share, well above the $1.69 analyst consensus, while revenue increased 17.7% year over year to $593.5 million and exceeded estimates. Store expansion and e-commerce momentum supported the results. Boot Barn Q1 Earnings and Revenues Top Estimates
• Positive Sentiment: Management raised its fiscal 2027 outlook, projecting approximately $2.6 billion in sales and EPS of $8.80 to $9.23. The updated EPS range includes an estimated $0.46 benefit from tariff refunds, while analysts cited store growth, digital sales and the refund as key drivers of the beat. Boot Barn Fiscal 2027 Outlook
• Neutral Sentiment: Boot Barn continues expanding its store base, including a planned location in a Gilroy, California, shopping center previously occupied by Old Navy. The expansion supports long-term revenue growth but also increases operating costs and does not immediately resolve valuation concerns. Boot Barn Gilroy Store Expansion
• Negative Sentiment: July sales have slowed, raising concerns that demand could moderate after the first-quarter beat. Reports also indicate that quarterly revenue guidance fell short of expectations, making investors less confident in the pace of growth during the next quarter. Boot Barn Beats Q1 Estimates but July Sales Slow
• Negative Sentiment: The tariff refund is a nonrecurring benefit, meaning part of the EPS outlook increase may not represent ongoing operating improvement. In addition, TD Cowen lowered its price target from $225 to $190, retaining a Buy rating but signaling reduced valuation upside and greater caution. TD Cowen Lowers Boot Barn Price Target

Boot Barn Stock Down 3.6%

Shares of BOOT opened at $148.89 on Friday. The firm has a fifty day simple moving average of $162.76 and a two-hundred day simple moving average of $168.04. The stock has a market capitalization of $4.51 billion, a P/E ratio of 18.85, a PEG ratio of 0.97 and a beta of 1.69. Boot Barn Holdings, Inc. has a twelve month low of $133.18 and a twelve month high of $210.25.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.60. The company had revenue of $593.51 million for 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. Sell-side analysts expect that Boot Barn Holdings, Inc. will post 9.16 EPS 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.