Congress Asset Management Co. Purchases 100,910 Shares of Boot Barn Holdings, Inc. $BOOT

Congress Asset Management Co. boosted its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 22.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 560,063 shares of the company’s stock after buying an additional 100,910 shares during the period. Congress Asset Management Co. owned about 1.83% of Boot Barn worth $92,814,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BOOT. Geode Capital Management LLC boosted its position in shares of Boot Barn by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 726,936 shares of the company’s stock valued at $110,508,000 after acquiring an additional 20,549 shares in the last quarter. Marshall Wace LLP lifted its stake in Boot Barn by 63.3% during the second quarter. Marshall Wace LLP now owns 655,923 shares of the company’s stock worth $99,700,000 after purchasing an additional 254,296 shares during the period. Franklin Resources Inc. boosted its holdings in Boot Barn by 20.3% during the second quarter. Franklin Resources Inc. now owns 578,654 shares of the company’s stock valued at $87,955,000 after purchasing an additional 97,635 shares in the last quarter. Stephens Investment Management Group LLC grew its stake in shares of Boot Barn by 13.4% in the 2nd quarter. Stephens Investment Management Group LLC now owns 528,103 shares of the company’s stock valued at $80,272,000 after purchasing an additional 62,316 shares during the period. Finally, Ameriprise Financial Inc. raised 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 buying an additional 149,115 shares in the last quarter.

Insider Transactions at Boot Barn

In other news, Director Gene Eddie Burt sold 1,200 shares of Boot Barn stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $191.41, for a total transaction of $229,692.00. Following the completion of the sale, the director owned 3,338 shares in the company, valued at $638,926.58. The trade was a 26.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Peter Starrett sold 6,498 shares of the 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 completion of the transaction, the chairman owned 9,599 shares in the company, valued at $1,823,810. This represents a 40.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.66% of the stock is owned by company insiders.

Boot Barn Stock Performance

Shares of NYSE:BOOT opened at $190.70 on Friday. The business has a fifty day moving average of $190.20 and a 200-day moving average of $176.76. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month high of $210.25. The firm has a market cap of $5.81 billion, a PE ratio of 28.21, a price-to-earnings-growth ratio of 1.55 and a beta of 1.59.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.11. The firm had revenue of $505.40 million for the quarter, compared to analyst estimates of $493.70 million. Boot Barn had a net margin of 10.05% and a return on equity of 18.11%. The company’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 EPS. 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 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Boot Barn from $276.00 to $282.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Seaport Res Ptn downgraded shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Cowen reiterated a “buy” rating on shares of Boot Barn in a research report on Thursday, October 30th. Piper Sandler restated an “overweight” rating and issued a $220.00 price target (up from $218.00) on shares of Boot Barn in a research report on Thursday, October 30th. Finally, The Goldman Sachs Group began coverage on shares of Boot Barn in a research note on Thursday, December 11th. They set a “buy” rating and a $225.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $198.00.

About Boot Barn

Boot Barn, Inc is a leading specialty retailer focused on western and work-related footwear, apparel and accessories. The company operates full-price and outlet retail stores under the Boot Barn and BootBarn.com brands, offering a wide assortment of cowboy boots, work boots, casual and fashion footwear, western and work apparel, hats, belts and related accessories. In addition to its brick-and-mortar network, Boot Barn maintains an e-commerce platform to serve customers seeking ranch-and-rodeo style clothing and rugged workwear from coast to coast.

Founded in 1978 in Southern California, Boot Barn began as a single store catering to ranchers, farmworkers and western enthusiasts.