Kennedy Capital Management LLC Grows Holdings in Boot Barn Holdings, Inc. $BOOT

Kennedy Capital Management LLC lifted its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 17.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,763 shares of the company’s stock after acquiring an additional 20,691 shares during the quarter. Kennedy Capital Management LLC owned 0.46% of Boot Barn worth $22,996,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of BOOT. ORG Partners LLC acquired a new position in Boot Barn in the 3rd quarter worth about $25,000. Parkside Financial Bank & Trust grew its holdings in Boot Barn by 164.4% in the third quarter. Parkside Financial Bank & Trust now owns 193 shares of the company’s stock valued at $32,000 after purchasing an additional 120 shares during the period. Salomon & Ludwin LLC purchased a new stake in shares of Boot Barn in the third quarter valued at approximately $42,000. Independence Bank of Kentucky acquired a new position in shares of Boot Barn during the 3rd quarter worth approximately $46,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of Boot Barn during the 3rd quarter worth approximately $60,000.

Wall Street Analysts Forecast Growth

BOOT has been the topic of a number of research analyst reports. Jefferies Financial Group lifted their price target on shares of Boot Barn from $180.00 to $195.00 and gave the company a “hold” rating in a research note on Monday, January 12th. Weiss Ratings cut shares of Boot Barn from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 4th. The Goldman Sachs Group began coverage on shares of Boot Barn in a report on Thursday, December 11th. They set a “buy” rating and a $225.00 price objective on the stock. Zacks Research upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. Finally, UBS Group upped their price target on shares of Boot Barn from $265.00 to $267.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $217.00.

Boot Barn Stock Performance

Shares of NYSE:BOOT traded down $2.15 during midday trading on Friday, hitting $165.21. The company’s stock had a trading volume of 33,668 shares, compared to its average volume of 645,168. The company has a market cap of $5.03 billion, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 1.20 and a beta of 1.66. Boot Barn Holdings, Inc. has a 12-month low of $86.17 and a 12-month high of $210.25. The business’s 50 day simple moving average is $188.38 and its 200 day simple moving average is $185.53.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $2.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.79. The company had revenue of $705.64 million during the quarter, compared to analysts’ expectations of $700.71 million. Boot Barn had a net margin of 10.10% and a return on equity of 18.28%. Boot Barn’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.43 EPS. 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, sell-side analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

About Boot Barn

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.