Creative Planning Has $1.74 Million Stake in Boot Barn Holdings, Inc. $BOOT

Creative Planning increased its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 27.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,458 shares of the company’s stock after purchasing an additional 2,482 shares during the period. Creative Planning’s holdings in Boot Barn were worth $1,742,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. boosted its position in shares of Boot Barn by 134.2% during the second quarter. Bessemer Group Inc. now owns 185 shares of the company’s stock worth $28,000 after buying an additional 106 shares during the period. Maseco LLP bought a new stake in Boot Barn in the 2nd quarter valued at approximately $40,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Boot Barn in the 1st quarter valued at approximately $44,000. Bayforest Capital Ltd acquired a new position in Boot Barn during the 1st quarter worth approximately $48,000. Finally, Parallel Advisors LLC grew its stake in shares of 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 acquiring an additional 446 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Boot Barn in a research report on Wednesday, October 8th. Piper Sandler reiterated an “overweight” rating and issued a $220.00 price target (up from $218.00) on shares of Boot Barn in a research note on Thursday, October 30th. TD Cowen increased their price objective on shares of Boot Barn from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. raised their price objective on Boot Barn from $276.00 to $282.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Finally, UBS Group upped their target price on Boot Barn from $241.00 to $248.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Boot Barn has an average rating of “Moderate Buy” and an average price target of $195.75.

Insiders Place Their Bets

In other Boot Barn news, Chairman Peter Starrett sold 6,498 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $190.00, for a total transaction of $1,234,620.00. Following the completion of the sale, the chairman owned 9,599 shares of the company’s stock, valued at $1,823,810. This trade represents a 40.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.66% of the company’s stock.

Boot Barn Stock Performance

Shares of BOOT stock opened at $194.27 on Thursday. Boot Barn Holdings, Inc. has a 52-week low of $86.17 and a 52-week high of $205.31. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 1.94 and a beta of 1.67. The firm’s 50-day moving average is $180.41 and its 200-day moving average is $171.59.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.11. The business had revenue of $505.40 million during the quarter, compared to analysts’ expectations of $493.70 million. Boot Barn had a return on equity of 18.41% and a net margin of 10.05%.Boot Barn’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the company posted $0.95 earnings per share. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS. FY 2026 guidance at 6.750-7.150 EPS. Sell-side analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Boot Barn Company Profile

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.