Boot Barn Holdings, Inc. $BOOT Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 56.9% during the third quarter, Holdings Channel reports. The institutional investor owned 5,088 shares of the company’s stock after selling 6,713 shares during the quarter. State of Alaska Department of Revenue’s holdings in Boot Barn were worth $612,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BOOT. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Boot Barn during the third quarter worth about $17,145,000. ZWJ Investment Counsel Inc. acquired a new stake in shares of Boot Barn in the 3rd quarter worth about $242,000. Fortitude Family Office LLC lifted its position in Boot Barn by 2,076.5% in the 3rd quarter. Fortitude Family Office LLC now owns 370 shares of the company’s stock valued at $45,000 after acquiring an additional 353 shares in the last quarter. GK Wealth Management LLC bought a new position in Boot Barn in the 3rd quarter valued at about $66,000. Finally, Wedmont Private Capital bought a new position in Boot Barn in the 3rd quarter valued at about $228,000.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BOOT. Craig Hallum cut their price target on Boot Barn from $235.00 to $224.00 and set a “buy” rating for the company in a research note on Tuesday, September 29th. Stephens boosted their price objective on Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Zacks Research raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. BTIG Research restated a “buy” rating and issued a $215.00 target price on shares of Boot Barn in a report on Tuesday, September 15th. Finally, Citigroup dropped their target price on Boot Barn from $205.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $204.77.

Key Headlines Impacting Boot Barn

Here are the key news stories impacting Boot Barn this week:

• Positive Sentiment: Boot Barn’s strong fiscal second-quarter outlook could support investor confidence, particularly if results exceed expectations or management reaffirms its fiscal 2027 guidance. How Investors May Respond To Boot Barn Holdings Strong Q2 Outlook
• Positive Sentiment: UBS maintained its Buy rating, indicating that the firm continues to see longer-term upside despite recent pressure on the stock. UBS Sticks to Its Buy Rating for Boot Barn
• Positive Sentiment: Analysts’ consensus price target of $204.77 remains substantially above the current share price, suggesting considerable potential upside if Boot Barn delivers on its growth outlook. Boot Barn Consensus Price Target
• Neutral Sentiment: Boot Barn is scheduled to report earnings on Wednesday. Investors will focus on fiscal Q2 EPS, comparable-store sales, margins and whether management reiterates fiscal 2027 guidance. Boot Barn Set to Post Earnings
• Neutral Sentiment: The company opened a new store in San Carlos, California, providing incremental expansion but with limited immediate impact on companywide earnings. Boot Barn Opens in San Carlos
• Negative Sentiment: Analysts are becoming more cautious: fair-value estimates have been trimmed, while TD Cowen reduced its price target from $190 to $160, although it retained a Buy rating. Boot Barn Fair Value Trim
• Negative Sentiment: Some coverage argues the stock may already reflect much of its expected recovery after a 66% rise, increasing the risk of profit-taking and making strong upcoming results necessary to justify further gains. Is Boot Barn Fully Priced

Boot Barn Trading Down 3.8%

Shares of NYSE:BOOT opened at $115.27 on Friday. The stock has a market cap of $3.49 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 0.77 and a beta of 1.76. The stock’s fifty day simple moving average is $135.25 and its two-hundred day simple moving average is $151.92. Boot Barn Holdings, Inc. has a 1-year low of $110.53 and a 1-year high of $210.25.

Boot Barn (NYSE:BOOT) last posted its earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.60. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. The firm had revenue of $593.51 million during the quarter, compared to analyst estimates of $583.15 million. During the same quarter in the prior year, the business posted $1.74 EPS. The business’s revenue was up 17.7% compared to the same quarter last year. Boot Barn has set its FY 2027 guidance at 8.800-9.230 EPS and its Q2 2027 guidance at 1.550-1.650 EPS. On average, sell-side analysts forecast that Boot Barn Holdings, Inc. will post 9.19 earnings per share for the current fiscal year.

Boot Barn Company Profile

Boot Barn Holdings, Inc is a specialty retailer focused on Western and work-related apparel, footwear and accessories. The company sells products including cowboy boots, work boots, jeans, shirts, hats, outerwear, belts and other accessories from a range of national and private-label brands.

Boot Barn serves customers through a network of retail stores across the United States, as well as through its e-commerce platform. Its merchandise is marketed to Western lifestyle customers, workers who need durable clothing and footwear, and consumers participating in activities such as rodeo, riding and outdoor recreation.

The company traces its beginnings to 1978 and is headquartered in Irvine, California.