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

WCM Investment Management LLC lessened its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 27.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 159,791 shares of the company’s stock after selling 61,445 shares during the quarter. WCM Investment Management LLC owned approximately 0.52% of Boot Barn worth $24,696,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Maseco LLP bought a new stake in shares of Boot Barn during the second quarter worth $40,000. Golden State Wealth Management LLC grew its stake 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 worth $30,000 after buying an additional 203 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Boot Barn during the first quarter worth $44,000. Bayforest Capital Ltd bought a new stake in shares of Boot Barn during the first quarter worth $48,000. Finally, Parallel Advisors LLC grew its stake in shares of Boot Barn by 512.6% during the second quarter. Parallel Advisors LLC now owns 533 shares of the company’s stock worth $81,000 after buying an additional 446 shares during the last quarter.

Boot Barn Stock Up 4.3%

Shares of Boot Barn stock opened at $187.74 on Thursday. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 29.61, a P/E/G ratio of 1.81 and a beta of 1.61. The company’s fifty day moving average is $173.83 and its 200 day moving average is $153.19. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month high of $191.31.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. BTIG Research boosted their target price on shares of Boot Barn from $200.00 to $218.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. JPMorgan Chase & Co. boosted their price objective on shares of Boot Barn from $207.00 to $247.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Piper Sandler boosted their price objective on shares of Boot Barn from $184.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Cowen reissued a “buy” rating on shares of Boot Barn in a research note on Monday, July 28th. Finally, Jefferies Financial Group cut shares of Boot Barn from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $187.00 to $175.00 in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $182.54.

About Boot Barn

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.