Assetmark Inc. Raises Stock Position in Boot Barn Holdings, Inc. $BOOT

Assetmark Inc. raised its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 2,687.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,058 shares of the company’s stock after buying an additional 8,733 shares during the period. Assetmark Inc.’s holdings in Boot Barn were worth $1,377,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new position in Boot Barn in the 1st quarter valued at approximately $38,387,000. Invesco Ltd. increased its position in shares of Boot Barn by 24.8% in the first quarter. Invesco Ltd. now owns 903,453 shares of the company’s stock valued at $97,058,000 after buying an additional 179,710 shares in the last quarter. Stephens Investment Management Group LLC increased its position in shares of Boot Barn by 51.4% in the first quarter. Stephens Investment Management Group LLC now owns 465,787 shares of the company’s stock valued at $50,039,000 after buying an additional 158,195 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Boot Barn by 42.1% in the first quarter. Ameriprise Financial Inc. now owns 503,619 shares of the company’s stock valued at $54,110,000 after buying an additional 149,115 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Boot Barn in the first quarter valued at $13,539,000.

Insider Transactions at Boot Barn

In related news, Chairman Peter Starrett sold 6,498 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were 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 directly owned 9,599 shares of the company’s stock, valued at approximately $1,823,810. This represents a 40.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.66% of the stock is currently owned by corporate insiders.

Boot Barn Trading Up 1.5%

BOOT stock opened at $187.52 on Thursday. The stock has a 50-day moving average price of $180.53 and a two-hundred day moving average price of $163.68. Boot Barn Holdings, Inc. has a 12-month low of $86.17 and a 12-month high of $205.31. The company has a market cap of $5.73 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 1.94 and a beta of 1.61.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Cowen reissued a “buy” rating on shares of Boot Barn in a research note on Thursday, October 30th. TD Cowen lifted their price target on shares of Boot Barn from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Piper Sandler reiterated an “overweight” rating and set a $220.00 price target (up from $218.00) on shares of Boot Barn in a report on Thursday, October 30th. Seaport Res Ptn cut shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Finally, BTIG Research lifted their price objective on Boot Barn from $218.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Boot Barn has an average rating of “Moderate Buy” and an average target price of $195.25.

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.