TimesSquare Capital Management LLC Sells 106,024 Shares of Boot Barn Holdings, Inc. $BOOT

TimesSquare Capital Management LLC cut its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 38.0% during the second quarter, Holdings Channel reports. The institutional investor owned 173,260 shares of the company’s stock after selling 106,024 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Boot Barn were worth $26,336,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in BOOT. Whittier Trust Co. of Nevada Inc. lifted its position in Boot Barn by 3.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 51,755 shares of the company’s stock worth $7,867,000 after purchasing an additional 1,666 shares during the period. Whittier Trust Co. boosted its position in shares of Boot Barn by 2.6% during the 2nd quarter. Whittier Trust Co. now owns 102,538 shares of the company’s stock valued at $15,586,000 after acquiring an additional 2,613 shares in the last quarter. Parallel Advisors LLC increased its stake in Boot Barn by 512.6% in the second quarter. Parallel Advisors LLC now owns 533 shares of the company’s stock valued at $81,000 after acquiring an additional 446 shares during the period. Jump Financial LLC acquired a new position in Boot Barn in the first quarter worth about $5,363,000. Finally, Magnetar Financial LLC bought a new position in Boot Barn during the first quarter worth about $5,994,000.

Boot Barn Stock Down 1.8%

Shares of NYSE:BOOT opened at $183.63 on Wednesday. The firm has a market cap of $5.60 billion, a P/E ratio of 27.16, a P/E/G ratio of 1.94 and a beta of 1.67. Boot Barn Holdings, Inc. has a 12 month low of $86.17 and a 12 month high of $205.31. The company’s 50-day moving average price is $181.05 and its two-hundred day moving average price is $166.63.

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

Insider Buying and Selling at Boot Barn

In other news, Chairman Peter Starrett sold 6,498 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $190.00, for a total transaction of $1,234,620.00. Following the transaction, the chairman owned 9,599 shares of the company’s stock, valued at $1,823,810. This represents a 40.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.66% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BOOT. JPMorgan Chase & Co. increased their target price on Boot Barn from $276.00 to $282.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. KeyCorp upped their price target on Boot Barn from $195.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Zacks Research upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. BTIG Research upped their target price on shares of Boot Barn from $218.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $220.00 price objective (up from $218.00) on shares of Boot Barn in a research note on Thursday, October 30th. One research 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $195.75.

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.