Harbor Capital Advisors Inc. Sells 17,926 Shares of Boot Barn Holdings, Inc. $BOOT

Harbor Capital Advisors Inc. reduced its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 56.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,888 shares of the company’s stock after selling 17,926 shares during the period. Harbor Capital Advisors Inc.’s holdings in Boot Barn were worth $2,302,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BOOT. Geode Capital Management LLC grew its holdings in shares of Boot Barn by 2.9% in 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 boosted its position in Boot Barn by 63.3% during the second quarter. Marshall Wace LLP now owns 655,923 shares of the company’s stock valued at $99,700,000 after purchasing an additional 254,296 shares during the last quarter. Franklin Resources Inc. grew its stake in Boot Barn by 20.3% in 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. Congress Asset Management Co. increased its position in shares of Boot Barn by 22.0% during the 3rd quarter. Congress Asset Management Co. now owns 560,063 shares of the company’s stock worth $92,814,000 after purchasing an additional 100,910 shares during the last quarter. Finally, Stephens Investment Management Group LLC raised its stake in shares of Boot Barn by 13.4% during the 2nd quarter. Stephens Investment Management Group LLC now owns 528,103 shares of the company’s stock worth $80,272,000 after purchasing an additional 62,316 shares in the last quarter.

Boot Barn Stock Performance

Shares of BOOT stock opened at $189.28 on Friday. Boot Barn Holdings, Inc. has a 52 week low of $86.17 and a 52 week high of $210.25. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 1.54 and a beta of 1.59. The company has a 50-day simple moving average of $190.65 and a 200 day simple moving average of $177.35.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share 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 firm had revenue of $505.40 million for the quarter, compared to analysts’ expectations of $493.70 million. During the same period in the prior year, the firm earned $0.95 EPS. The business’s 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. Sell-side analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Insider Activity at Boot Barn

In other Boot Barn news, Director Gene Eddie Burt sold 1,200 shares of the business’s stock in a transaction dated 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. The trade was a 26.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Peter Starrett sold 6,498 shares of Boot Barn stock in a transaction dated 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 sale, the chairman directly 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.66% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on BOOT shares. TD Cowen raised their target price on shares of Boot Barn from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. BTIG Research boosted their price objective on shares of Boot Barn from $218.00 to $226.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Cowen reiterated a “buy” rating on shares of Boot Barn in a research note on Thursday, October 30th. The Goldman Sachs Group initiated coverage on Boot Barn in a report on Thursday, December 11th. They set a “buy” rating and a $225.00 price target for the company. Finally, Piper Sandler restated an “overweight” rating and issued a $220.00 price objective (up previously from $218.00) on shares of Boot Barn in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $198.00.

Boot Barn Company Profile

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.