Baird Financial Group Inc. Sells 3,248 Shares of Boot Barn Holdings, Inc. $BOOT

Baird Financial Group Inc. reduced its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 7.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,178 shares of the company’s stock after selling 3,248 shares during the period. Baird Financial Group Inc. owned approximately 0.14% of Boot Barn worth $6,411,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BOOT. Quantbot Technologies LP grew its position in Boot Barn by 1,851.5% during the 2nd quarter. Quantbot Technologies LP now owns 43,323 shares of the company’s stock valued at $6,585,000 after purchasing an additional 41,103 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Boot Barn by 4,784.7% during the second quarter. Fisher Asset Management LLC now owns 165,494 shares of the company’s stock valued at $25,155,000 after buying an additional 162,106 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Boot Barn by 198.7% during the second quarter. New York State Common Retirement Fund now owns 76,368 shares of the company’s stock valued at $11,608,000 after buying an additional 50,805 shares during the last quarter. Norges Bank bought a new stake in shares of Boot Barn during the second quarter valued at approximately $3,911,000. Finally, Quadrature Capital Ltd purchased a new position in Boot Barn in the 2nd quarter worth approximately $671,000.

Wall Street Analysts Forecast Growth

Several analysts have commented on BOOT shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Boot Barn in a research note on Wednesday, October 8th. Piper Sandler reaffirmed an “overweight” rating and set a $220.00 price target (up from $218.00) on shares of Boot Barn in a report on Thursday, October 30th. TD Cowen lifted their price objective on Boot Barn from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. UBS Group boosted their target price on Boot Barn from $241.00 to $248.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of Boot Barn from $276.00 to $282.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. One 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 company’s stock. Based on data from MarketBeat.com, Boot Barn currently has an average rating of “Moderate Buy” and a consensus price target of $195.75.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, Director Gene Eddie Burt sold 1,200 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was 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 in the company, valued at $638,926.58. This represents a 26.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Peter Starrett sold 6,498 shares of the firm’s stock in a transaction dated 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 completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.66% of the company’s stock.

Boot Barn Stock Up 2.3%

NYSE BOOT opened at $202.20 on Wednesday. The company has a 50-day moving average price of $185.18 and a 200-day moving average price of $174.67. Boot Barn Holdings, Inc. has a 52 week low of $86.17 and a 52 week high of $205.31. The firm has a market capitalization of $6.16 billion, a P/E ratio of 29.91, a PEG ratio of 1.61 and a beta of 1.59.

Boot Barn (NYSE:BOOT) last announced 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 net margin of 10.05% and a return on equity of 18.11%. The company 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 earnings per share. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. 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. As a group, equities research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS 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.