Kornitzer Capital Management Inc. KS Sells 12,885 Shares of Boot Barn Holdings, Inc. $BOOT

Kornitzer Capital Management Inc. KS trimmed its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 30.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 29,160 shares of the company’s stock after selling 12,885 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Boot Barn were worth $5,146,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of BOOT. Royal Bank of Canada lifted its position in shares of Boot Barn by 50.3% during the 1st quarter. Royal Bank of Canada now owns 34,676 shares of the company’s stock valued at $3,725,000 after acquiring an additional 11,598 shares during the period. AQR Capital Management LLC raised its holdings in shares of Boot Barn by 198.0% during the 1st quarter. AQR Capital Management LLC now owns 8,906 shares of the company’s stock worth $957,000 after buying an additional 5,917 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Boot Barn by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company’s stock worth $1,894,000 after buying an additional 779 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Boot Barn by 23.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company’s stock worth $34,771,000 after buying an additional 61,719 shares in the last quarter. Finally, United Services Automobile Association acquired a new position in shares of Boot Barn during the 1st quarter worth $209,000.

Boot Barn Stock Down 0.0%

Shares of BOOT opened at $171.44 on Friday. Boot Barn Holdings, Inc. has a 12-month low of $108.32 and a 12-month high of $210.25. The business has a 50-day simple moving average of $165.51 and a two-hundred day simple moving average of $181.13. The stock has a market cap of $5.22 billion, a PE ratio of 24.08, a PEG ratio of 1.04 and a beta of 1.73.

Boot Barn (NYSE:BOOT) last issued its earnings results on Wednesday, February 4th. The company reported $2.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.79. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The business had revenue of $705.64 million during the quarter, compared to analysts’ expectations of $700.71 million. During the same quarter in the prior year, the firm earned $2.43 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. Boot Barn has set its FY 2026 guidance at 7.250-7.350 EPS and its Q4 2026 guidance at 1.350-1.450 EPS. On average, equities research analysts expect that Boot Barn Holdings, Inc. will post 7.33 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BOOT shares. Piper Sandler boosted their price target on Boot Barn from $229.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. BTIG Research reissued a “buy” rating and set a $235.00 price target on shares of Boot Barn in a report on Thursday, February 5th. Citigroup boosted their price target on Boot Barn from $230.00 to $232.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Stephens raised Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 price target for the company in a report on Friday, February 6th. Finally, Weiss Ratings cut Boot Barn from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 4th. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.25.

Boot Barn Company Profile

Boot Barn, Inc is a leading specialty retailer focused on western and work-related footwear, apparel and accessories. The company operates full-price and outlet retail stores under the Boot Barn and BootBarn.com brands, offering a wide assortment of cowboy boots, work boots, casual and fashion footwear, western and work apparel, hats, belts and related accessories. In addition to its brick-and-mortar network, Boot Barn maintains an e-commerce platform to serve customers seeking ranch-and-rodeo style clothing and rugged workwear from coast to coast.

Founded in 1978 in Southern California, Boot Barn began as a single store catering to ranchers, farmworkers and western enthusiasts.