Fisher Asset Management LLC Purchases 162,106 Shares of Boot Barn Holdings, Inc. $BOOT

Fisher Asset Management LLC increased its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 4,784.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 165,494 shares of the company’s stock after buying an additional 162,106 shares during the quarter. Fisher Asset Management LLC owned 0.54% of Boot Barn worth $25,155,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. New York State Common Retirement Fund increased its holdings in shares of Boot Barn by 198.7% in the second quarter. New York State Common Retirement Fund now owns 76,368 shares of the company’s stock worth $11,608,000 after acquiring an additional 50,805 shares in the last quarter. Norges Bank acquired a new position in shares of Boot Barn in the 2nd quarter valued at approximately $3,911,000. Quadrature Capital Ltd bought a new stake in Boot Barn during the 2nd quarter worth approximately $671,000. State Board of Administration of Florida Retirement System increased its stake in Boot Barn by 56.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 6,636 shares of the company’s stock worth $1,009,000 after purchasing an additional 2,395 shares in the last quarter. Finally, Choreo LLC acquired a new stake in Boot Barn during the 2nd quarter worth approximately $294,000.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Boot Barn from $276.00 to $282.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Boot Barn in a research note on Wednesday, October 8th. Cowen reissued a “buy” rating on shares of Boot Barn in a research note on Thursday, October 30th. UBS Group boosted their price target on Boot Barn from $241.00 to $248.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Piper Sandler reiterated an “overweight” rating and set a $220.00 price objective (up from $218.00) 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 assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.75.

Insider Activity at Boot Barn

In other news, Chairman Peter Starrett sold 6,498 shares of the company’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 transaction of $1,234,620.00. Following the sale, the chairman owned 9,599 shares in the company, valued at $1,823,810. This represents a 40.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, 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 directly owned 3,338 shares of the company’s stock, valued at approximately $638,926.58. The trade was a 26.44% decrease in their position. The SEC filing for this sale provides additional information. 0.66% of the stock is owned by insiders.

Boot Barn Price Performance

Shares of NYSE:BOOT opened at $194.75 on Wednesday. The company’s 50-day moving average price is $181.93 and its two-hundred day moving average price is $173.24. 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 capitalization of $5.94 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 1.58 and a beta of 1.59.

Boot Barn (NYSE:BOOT) last released 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 return on equity of 18.11% and a net margin of 10.05%.The business had revenue of $505.40 million for the quarter, compared to the consensus estimate of $493.70 million. During the same quarter in the previous year, the business earned $0.95 earnings per share. Boot Barn’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 and its FY 2026 guidance at 6.750-7.150 EPS. On average, analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share 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.