Boot Barn Holdings, Inc. $BOOT Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers decreased its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 11.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,334 shares of the company’s stock after selling 1,152 shares during the quarter. Cetera Investment Advisers’ holdings in Boot Barn were worth $1,419,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. increased its position in shares of Boot Barn by 134.2% in the second quarter. Bessemer Group Inc. now owns 185 shares of the company’s stock valued at $28,000 after buying an additional 106 shares in the last quarter. Maseco LLP acquired a new stake in Boot Barn in the 2nd quarter valued at $40,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Boot Barn in the 1st quarter worth $44,000. Bayforest Capital Ltd purchased a new stake in Boot Barn in the 1st quarter worth $48,000. Finally, Parallel Advisors LLC raised its position in Boot Barn by 512.6% during the second quarter. Parallel Advisors LLC now owns 533 shares of the company’s stock worth $81,000 after acquiring an additional 446 shares during the period.

Analyst Upgrades and Downgrades

BOOT has been the topic of several research analyst reports. Zacks Research upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. lifted their price objective on Boot Barn from $276.00 to $282.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Cowen reiterated a “buy” rating on shares of Boot Barn in a research note on Thursday, October 30th. Piper Sandler restated an “overweight” rating and issued a $220.00 target price (up previously from $218.00) on shares of Boot Barn in a research report on Thursday, October 30th. Finally, Seaport Res Ptn lowered Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. One 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $195.75.

Insider Transactions at Boot Barn

In other news, Director Gene Eddie Burt sold 1,200 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $191.41, for a total value of $229,692.00. Following the completion of the sale, the director owned 3,338 shares of the company’s stock, valued at $638,926.58. This represents a 26.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $1,234,620.00. Following the sale, the chairman directly owned 9,599 shares in the company, valued at approximately $1,823,810. The trade was a 40.37% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.66% of the company’s stock.

Boot Barn Stock Performance

NYSE:BOOT opened at $195.47 on Tuesday. Boot Barn Holdings, Inc. has a one year low of $86.17 and a one year high of $205.31. The stock has a market cap of $5.96 billion, a PE ratio of 28.92, a P/E/G ratio of 1.94 and a beta of 1.67. The stock has a 50 day moving average price of $181.47 and a 200 day moving average price of $172.97.

Boot Barn (NYSE:BOOT) last issued its earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.11. Boot Barn had a return on equity of 18.41% and a net margin of 10.05%.The company had revenue of $505.40 million during the quarter, compared to analysts’ expectations of $493.70 million. During the same period in the prior year, the business earned $0.95 EPS. The firm’s quarterly 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, analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Boot Barn 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.