Bailard Inc. Purchases New Shares in Boot Barn Holdings, Inc. $BOOT

Bailard Inc. purchased a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,740 shares of the company’s stock, valued at approximately $264,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. grew its stake 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 in the last quarter. Whittier Trust Co. raised its stake in Boot Barn by 2.6% during the second quarter. Whittier Trust Co. now owns 102,538 shares of the company’s stock valued at $15,586,000 after buying an additional 2,613 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Boot Barn by 512.6% during the 2nd quarter. Parallel Advisors LLC now owns 533 shares of the company’s stock worth $81,000 after buying an additional 446 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Boot Barn in the 1st quarter worth approximately $5,363,000. Finally, Raymond James Financial Inc. grew its position in shares of Boot Barn by 18.2% in the 1st quarter. Raymond James Financial Inc. now owns 330,449 shares of the company’s stock worth $35,500,000 after acquiring an additional 50,907 shares in the last quarter.

Insider Transactions at Boot Barn

In related news, Chairman Peter Starrett sold 6,498 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $190.00, for a total value of $1,234,620.00. Following the sale, the chairman directly owned 9,599 shares in the company, valued at $1,823,810. This trade represents a 40.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

BOOT has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Boot Barn in a research note on Wednesday, October 8th. Piper Sandler restated an “overweight” rating and issued a $220.00 price target (up from $218.00) on shares of Boot Barn in a research report on Thursday, October 30th. BTIG Research lifted their price target on shares of Boot Barn from $218.00 to $226.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Seaport Res Ptn downgraded shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Finally, Cowen reissued a “buy” rating on shares of Boot Barn in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $195.75.

Boot Barn Stock Performance

Boot Barn stock opened at $172.88 on Friday. Boot Barn Holdings, Inc. has a one year low of $86.17 and a one year high of $205.31. The company has a 50-day simple moving average of $180.59 and a 200-day simple moving average of $167.72. The firm has a market capitalization of $5.27 billion, a P/E ratio of 25.57, a P/E/G ratio of 1.94 and a beta of 1.67.

Boot Barn (NYSE:BOOT) last posted its earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. Boot Barn had a net margin of 10.05% and a return on equity of 18.41%. The firm had revenue of $505.40 million during the quarter, compared to analyst estimates of $493.70 million. During the same period in the previous year, the business posted $0.95 EPS. Boot Barn’s revenue was up 18.7% on a year-over-year basis. 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, sell-side analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

About Boot Barn

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.