First Horizon Advisors Inc. Lowers Holdings in Boot Barn Holdings, Inc. $BOOT

First Horizon Advisors Inc. reduced its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 48.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 683 shares of the company’s stock after selling 638 shares during the quarter. First Horizon Advisors Inc.’s holdings in Boot Barn were worth $104,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in BOOT. Xponance Inc. increased its stake in shares of Boot Barn by 5.5% during the first quarter. Xponance Inc. now owns 2,292 shares of the company’s stock worth $246,000 after acquiring an additional 120 shares during the period. Schechter Investment Advisors LLC increased its position in Boot Barn by 32.9% during the 1st quarter. Schechter Investment Advisors LLC now owns 14,114 shares of the company’s stock worth $1,516,000 after purchasing an additional 3,490 shares during the period. Stephens Investment Management Group LLC raised its stake in shares of Boot Barn by 51.4% during the 1st quarter. Stephens Investment Management Group LLC now owns 465,787 shares of the company’s stock worth $50,039,000 after buying an additional 158,195 shares in the last quarter. Whittier Trust Co. raised its stake in shares of Boot Barn by 1.9% during the 1st quarter. Whittier Trust Co. now owns 99,925 shares of the company’s stock worth $10,735,000 after buying an additional 1,909 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Boot Barn by 5.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 50,089 shares of the company’s stock valued at $5,381,000 after buying an additional 2,550 shares during the period.

Insider Activity at Boot Barn

In related news, Chairman Peter Starrett sold 6,498 shares of Boot Barn stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $190.00, for a total transaction of $1,234,620.00. Following the completion of the sale, the chairman owned 9,599 shares in the company, valued at approximately $1,823,810. This trade represents a 40.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by insiders.

Analyst Ratings Changes

BOOT has been the subject of several research analyst reports. Jefferies Financial Group cut Boot Barn from a “buy” rating to a “hold” rating and cut their price objective for the stock from $187.00 to $175.00 in a research report on Wednesday, July 23rd. TD Cowen increased their target price on shares of Boot Barn from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, October 30th. BTIG Research boosted their price target on Boot Barn from $218.00 to $226.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. KeyCorp upped their price target on Boot Barn from $195.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, Zacks Research raised Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $195.75.

Boot Barn Price Performance

BOOT stock opened at $186.75 on Monday. The company’s 50 day simple moving average is $180.84 and its 200-day simple moving average is $165.46. Boot Barn Holdings, Inc. has a 12 month low of $86.17 and a 12 month high of $205.31. The firm has a market capitalization of $5.69 billion, a PE ratio of 27.63, a P/E/G ratio of 1.94 and a beta of 1.67.

Boot Barn (NYSE:BOOT) last posted its earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. The firm had revenue of $505.40 million for the quarter, compared to analyst estimates of $493.70 million. Boot Barn had a return on equity of 18.41% and a net margin of 10.05%.Boot Barn’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 EPS. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS. FY 2026 guidance at 6.750-7.150 EPS. As a group, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current 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.