Boot Barn Holdings, Inc. $BOOT Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP lowered its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 9.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,136 shares of the company’s stock after selling 2,327 shares during the quarter. Advantage Alpha Capital Partners LP owned 0.08% of Boot Barn worth $3,517,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BOOT. Nuveen LLC purchased a new stake in Boot Barn in the 1st quarter valued at about $38,387,000. Westwood Holdings Group Inc. acquired a new stake in shares of Boot Barn during the second quarter valued at about $34,790,000. Fiera Capital Corp purchased a new stake in shares of Boot Barn in the 2nd quarter valued at approximately $33,686,000. Invesco Ltd. lifted its holdings in shares of Boot Barn by 24.8% in the 1st quarter. Invesco Ltd. now owns 903,453 shares of the company’s stock worth $97,058,000 after acquiring an additional 179,710 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Boot Barn by 42.1% in the 1st quarter. Ameriprise Financial Inc. now owns 503,619 shares of the company’s stock worth $54,110,000 after acquiring an additional 149,115 shares during the last quarter.

Insiders Place Their Bets

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

Boot Barn Trading Down 0.8%

Shares of NYSE BOOT opened at $194.27 on Friday. The stock has a market cap of $5.92 billion, a P/E ratio of 28.74, a PEG ratio of 1.94 and a beta of 1.67. The business’s fifty day simple moving average is $180.71 and its 200-day simple moving average is $171.75. Boot Barn Holdings, Inc. has a 12-month low of $86.17 and a 12-month high of $205.31.

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BOOT shares. UBS Group lifted their target price on shares of Boot Barn from $241.00 to $248.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Boot Barn in a research report on Wednesday, October 8th. TD Cowen boosted their price objective on Boot Barn from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Seaport Res Ptn lowered Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Finally, Cowen restated a “buy” rating on shares of Boot Barn in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $195.75.

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.