Boot Barn Holdings, Inc. $BOOT Stake Increased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS raised its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 18.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,240 shares of the company’s stock after acquiring an additional 8,655 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Boot Barn were worth $8,396,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC raised its stake in shares of Boot Barn by 3.4% in the 2nd quarter. Verdence Capital Advisors LLC now owns 2,270 shares of the company’s stock valued at $345,000 after purchasing an additional 74 shares in the last quarter. Xponance Inc. increased its holdings in Boot Barn by 5.5% in the first quarter. Xponance Inc. now owns 2,292 shares of the company’s stock valued at $246,000 after buying an additional 120 shares during the last quarter. Intrust Bank NA raised its stake in Boot Barn by 3.4% during the first quarter. Intrust Bank NA now owns 4,702 shares of the company’s stock valued at $505,000 after buying an additional 153 shares in the last quarter. Rafferty Asset Management LLC lifted its holdings in Boot Barn by 6.1% during the 1st quarter. Rafferty Asset Management LLC now owns 3,013 shares of the company’s stock worth $324,000 after buying an additional 174 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its position in shares of Boot Barn by 263.6% in the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the company’s stock worth $30,000 after acquiring an additional 203 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BOOT. JPMorgan Chase & Co. boosted their price target on Boot Barn from $207.00 to $247.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Jefferies Financial Group cut shares of Boot Barn from a “buy” rating to a “hold” rating and dropped their target price for the stock from $187.00 to $175.00 in a report on Wednesday, July 23rd. Piper Sandler raised their price target on shares of Boot Barn from $184.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Boot Barn in a research report on Friday. Finally, KeyCorp increased their price objective on shares of Boot Barn from $195.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $182.54.

Boot Barn Stock Performance

Boot Barn stock opened at $197.04 on Friday. Boot Barn Holdings, Inc. has a one year low of $86.17 and a one year high of $199.50. The company has a 50-day simple moving average of $177.21 and a 200-day simple moving average of $157.90. The firm has a market capitalization of $6.02 billion, a P/E ratio of 31.08, a P/E/G ratio of 1.98 and a beta of 1.61.

Boot Barn (NYSE:BOOT) last posted its earnings results on Thursday, July 31st. The company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.19. Boot Barn had a net margin of 9.81% and a return on equity of 17.73%. The firm had revenue of $504.07 million during the quarter, compared to analyst estimates of $489.49 million. During the same period in the previous year, the business posted $1.26 EPS. Boot Barn’s revenue was up 19.1% on a year-over-year basis. 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 forecast 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.