Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 21,523 Boot Barn Holdings, Inc. $BOOT

Posted by Francis Steltz on Aug 29th, 2026

Connor Clark & Lunn Investment Management Ltd. bought a new position in Boot Barn Holdings, Inc. (NYSE:BOOT – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 21,523 shares of the company’s stock, valued at approximately $3,536,000.

Several other hedge funds have also modified their holdings of BOOT. Royal Bank of Canada raised its position in Boot Barn by 50.3% in the 1st quarter. Royal Bank of Canada now owns 34,676 shares of the company’s stock worth $3,725,000 after purchasing an additional 11,598 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Boot Barn by 198.0% during the first quarter. AQR Capital Management LLC now owns 8,906 shares of the company’s stock valued at $957,000 after acquiring an additional 5,917 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Boot Barn by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company’s stock valued at $1,894,000 after acquiring an additional 779 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Boot Barn by 23.6% in the first quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company’s stock worth $34,771,000 after purchasing an additional 61,719 shares during the period. Finally, United Services Automobile Association acquired a new stake in Boot Barn in the first quarter worth about $209,000.

Analysts Set New Price Targets

A number of research analysts have issued reports on BOOT shares. Citigroup restated a “buy” rating on shares of Boot Barn in a research report on Monday, May 4th. Stephens lifted their target price on shares of Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. BTIG Research cut their price target on Boot Barn from $235.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. UBS Group set a $225.00 price target on Boot Barn in a research report on Wednesday, June 17th. Finally, Zacks Research upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $219.55.

Read Our Latest Analysis on Boot Barn

Boot Barn Stock Performance

NYSE BOOT opened at $155.41 on Friday. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 1.00 and a beta of 1.71. The business has a 50 day simple moving average of $160.34 and a 200 day simple moving average of $164.51. Boot Barn Holdings, Inc. has a 52-week low of $133.18 and a 52-week high of $210.25.

Boot Barn (NYSE:BOOT – Get Free Report) last released 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. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. The company had revenue of $593.51 million during the quarter, compared to analysts’ expectations of $583.15 million. During the same quarter in the prior year, the company earned $1.74 earnings per share. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. 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. On average, analysts predict that Boot Barn Holdings, Inc. will post 9.18 EPS for the current year.

About Boot Barn

(Free Report)

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.