Acorn Financial Advisory Services Inc. ADV Sells 269 Shares of Boot Barn Holdings, Inc. $BOOT

Acorn Financial Advisory Services Inc. ADV trimmed its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 3.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,656 shares of the company’s stock after selling 269 shares during the quarter. Acorn Financial Advisory Services Inc. ADV’s holdings in Boot Barn were worth $1,012,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of BOOT. Park Avenue Securities LLC increased its stake in Boot Barn by 5.7% during the 1st quarter. Park Avenue Securities LLC now owns 1,963 shares of the company’s stock worth $211,000 after purchasing an additional 105 shares in the last quarter. SG Americas Securities LLC bought a new stake in Boot Barn during the 1st quarter worth approximately $916,000. Elevation Point Wealth Partners LLC increased its stake in Boot Barn by 35.3% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 3,163 shares of the company’s stock worth $340,000 after purchasing an additional 825 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in Boot Barn during the 1st quarter worth approximately $29,000. Finally, Oppenheimer Asset Management Inc. increased its stake in Boot Barn by 29.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 14,731 shares of the company’s stock worth $1,583,000 after purchasing an additional 3,341 shares in the last quarter.

Analyst Upgrades and Downgrades

BOOT has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Boot Barn in a research note on Wednesday, October 8th. Cowen reaffirmed a “buy” rating on shares of Boot Barn in a research report on Monday, July 28th. Piper Sandler upped their price target on Boot Barn from $184.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Jefferies Financial Group downgraded Boot Barn from a “buy” rating to a “hold” rating and reduced their price target for the stock from $187.00 to $175.00 in a research report on Wednesday, July 23rd. Finally, BTIG Research upped their price target on Boot Barn from $200.00 to $218.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Boot Barn currently has a consensus rating of “Moderate Buy” and an average price target of $182.54.

Boot Barn Trading Up 8.2%

NYSE BOOT opened at $177.30 on Tuesday. The company has a market cap of $5.42 billion, a PE ratio of 27.97, a PEG ratio of 1.65 and a beta of 1.61. Boot Barn Holdings, Inc. has a 12 month low of $86.17 and a 12 month high of $191.31. The stock has a 50 day moving average of $173.17 and a 200-day moving average of $152.77.

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

Boot Barn 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.