Stephens Investment Management Group LLC Lowers Stake in Boot Barn Holdings, Inc. $BOOT

Stephens Investment Management Group LLC trimmed its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 12.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 464,985 shares of the company’s stock after selling 63,118 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Boot Barn were worth $77,057,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. ORG Partners LLC acquired a new stake in Boot Barn during the 3rd quarter worth approximately $25,000. Bessemer Group Inc. grew its stake in Boot Barn by 134.2% during the second quarter. Bessemer Group Inc. now owns 185 shares of the company’s stock worth $28,000 after buying an additional 106 shares during the period. Salomon & Ludwin LLC acquired a new stake in shares of Boot Barn in the third quarter worth $42,000. Maseco LLP purchased a new position in shares of Boot Barn in the 2nd quarter valued at $40,000. Finally, Independence Bank of Kentucky purchased a new position in shares of Boot Barn in the 3rd quarter valued at $46,000.

Wall Street Analysts Forecast Growth

BOOT has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Boot Barn in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on Boot Barn from $276.00 to $282.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. TD Cowen boosted their price target on Boot Barn from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Jefferies Financial Group upped their price target on Boot Barn from $180.00 to $195.00 and gave the stock a “hold” rating in a report on Monday. Finally, Zacks Research lowered shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Boot Barn has a consensus rating of “Moderate Buy” and an average target price of $206.08.

Boot Barn Stock Performance

NYSE:BOOT opened at $192.35 on Friday. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 1.42 and a beta of 1.61. Boot Barn Holdings, Inc. has a one year low of $86.17 and a one year high of $210.25. The business’s 50-day simple moving average is $189.89 and its 200 day simple moving average is $180.55.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.11. Boot Barn had a return on equity of 18.11% and a net margin of 10.05%.The company had revenue of $505.40 million for the quarter, compared to the consensus estimate of $493.70 million. During the same period in the previous year, the business earned $0.95 EPS. Boot Barn’s revenue for the quarter was up 18.7% compared to the same quarter last year. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS and its FY 2026 guidance at 6.750-7.150 EPS. On average, equities research analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, Chairman Peter Starrett sold 6,498 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $190.00, for a total transaction of $1,234,620.00. Following the transaction, the chairman directly owned 9,599 shares in the company, valued at $1,823,810. This represents a 40.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gene Eddie Burt sold 1,200 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $191.41, for a total transaction of $229,692.00. Following the transaction, the director directly owned 3,338 shares of the company’s stock, valued at approximately $638,926.58. This represents a 26.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.66% of the company’s stock.

Boot Barn Company 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.