WCM Investment Management LLC Sells 61,445 Shares of Boot Barn Holdings, Inc. $BOOT

WCM Investment Management LLC lowered its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 27.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 159,791 shares of the company’s stock after selling 61,445 shares during the quarter. WCM Investment Management LLC’s holdings in Boot Barn were worth $24,696,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BOOT. SG Americas Securities LLC acquired a new position in shares of Boot Barn during the first quarter valued at about $916,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Boot Barn by 29.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 14,731 shares of the company’s stock valued at $1,583,000 after purchasing an additional 3,341 shares during the period. Golden State Wealth Management LLC raised its holdings 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 purchasing an additional 203 shares during the period. Illinois Municipal Retirement Fund raised its holdings in shares of Boot Barn by 20.1% during the first quarter. Illinois Municipal Retirement Fund now owns 18,333 shares of the company’s stock valued at $1,970,000 after purchasing an additional 3,072 shares during the period. Finally, Artemis Investment Management LLP raised its holdings in shares of Boot Barn by 206.5% during the first quarter. Artemis Investment Management LLP now owns 734,023 shares of the company’s stock valued at $78,856,000 after purchasing an additional 494,523 shares during the period.

Boot Barn Price Performance

BOOT opened at $187.74 on Thursday. Boot Barn Holdings, Inc. has a fifty-two week low of $86.17 and a fifty-two week high of $191.31. The firm has a market capitalization of $5.74 billion, a PE ratio of 29.61, a P/E/G ratio of 1.81 and a beta of 1.61. The company’s 50-day moving average is $173.83 and its 200 day moving average is $153.19.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.19. Boot Barn had a net margin of 9.81% and a return on equity of 17.73%. The business had revenue of $504.07 million during the quarter, compared to the consensus estimate of $489.49 million. During the same period in the prior year, the firm posted $1.26 EPS. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. 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, analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Wall Street Analyst Weigh In

BOOT has been the topic of several research reports. KeyCorp upped their price objective on shares of Boot Barn from $195.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Cowen reiterated a “buy” rating on shares of Boot Barn in a report on Monday, July 28th. Piper Sandler upped their target price on shares of Boot Barn from $184.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Boot Barn in a report on Wednesday, October 8th. Finally, Jefferies Financial Group lowered shares of Boot Barn from a “buy” rating to a “hold” rating and lowered their target price for the stock from $187.00 to $175.00 in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.54.

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.