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

State of Alaska Department of Revenue cut its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 56.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Boot Barn in the second quarter valued at about $840,629,000. Wellington Management Group LLP raised its position in shares of Boot Barn by 12.2% during the second quarter. Wellington Management Group LLP now owns 773,749 shares of the company’s stock worth $127,104,000 after acquiring an additional 84,250 shares during the last quarter. Congress Asset Management Co. raised its position in shares of Boot Barn by 0.9% during the third quarter. Congress Asset Management Co. now owns 804,659 shares of the company’s stock worth $96,937,000 after acquiring an additional 7,040 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Boot Barn by 114.6% in the first quarter. Bank of America Corp DE now owns 655,374 shares of the company’s stock worth $95,921,000 after acquiring an additional 349,985 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Boot Barn by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 645,342 shares of the company’s stock worth $94,440,000 after acquiring an additional 9,816 shares during the period.

Boot Barn News Roundup

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 Stock Down 3.8%

Shares of BOOT stock opened at $115.27 on Friday. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 0.77 and a beta of 1.76. Boot Barn Holdings, Inc. has a 52 week low of $110.53 and a 52 week high of $210.25. The firm has a 50 day moving average of $135.25 and a 200-day moving average of $151.92.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Wednesday, July 29th. The company reported $2.29 earnings per share for the quarter, beating 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 company had revenue of $593.51 million during the quarter, compared to analyst estimates of $583.15 million. During the same quarter in the previous year, the business posted $1.74 EPS. Boot Barn’s revenue for the quarter 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. Analysts anticipate that Boot Barn Holdings, Inc. will post 9.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BOOT has been the topic of several analyst reports. Citigroup reduced 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. Weiss Ratings raised shares of Boot Barn from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Stephens raised their price target on shares of Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. BTIG Research restated a “buy” rating and set a $215.00 price target on shares of Boot Barn in a report on Tuesday, September 15th. Finally, Needham & Company LLC initiated coverage on shares of Boot Barn in a research report on Friday, October 16th. They issued a “buy” rating and a $150.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Boot Barn currently has a consensus rating of “Buy” and an average target price of $204.77.

Boot Barn 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.