GatePass Capital LLC Buys New Holdings in Boot Barn Holdings, Inc. $BOOT

GatePass Capital LLC purchased a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,028 shares of the company’s stock, valued at approximately $1,662,000. Boot Barn comprises about 1.0% of GatePass Capital LLC’s holdings, making the stock its 24th biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of BOOT. Amalgamated Bank increased its stake in shares of Boot Barn by 0.9% in the third quarter. Amalgamated Bank now owns 8,755 shares of the company’s stock worth $1,451,000 after acquiring an additional 79 shares during the period. Evergreen Capital Management LLC boosted its holdings in Boot Barn by 10.6% in the third quarter. Evergreen Capital Management LLC now owns 3,372 shares of the company’s stock valued at $559,000 after purchasing an additional 323 shares during the last quarter. Forum Financial Management LP acquired a new stake in Boot Barn during the 3rd quarter worth about $204,000. ORG Partners LLC purchased a new position in shares of Boot Barn during the 3rd quarter valued at about $25,000. Finally, Campbell Newman Asset Management Inc. lifted its holdings in shares of Boot Barn by 0.5% in the 3rd quarter. Campbell Newman Asset Management Inc. now owns 12,944 shares of the company’s stock valued at $2,145,000 after buying an additional 60 shares during the period.

Analyst Upgrades and Downgrades

Several analysts recently commented on BOOT shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Boot Barn in a report on Wednesday, October 8th. Seaport Res Ptn lowered Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. TD Cowen lifted their target price on shares of Boot Barn from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, October 30th. UBS Group boosted their target price on shares of Boot Barn from $248.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Finally, Piper Sandler raised their price target on shares of Boot Barn from $220.00 to $229.00 and gave the company an “overweight” rating in a research report on Friday. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.08.

Boot Barn Stock Performance

Boot Barn stock opened at $192.35 on Friday. The stock has a market capitalization of $5.86 billion, a P/E ratio of 28.45, a P/E/G ratio of 1.46 and a beta of 1.61. The company’s fifty day moving average price is $189.89 and its 200 day moving average price is $180.71. Boot Barn Holdings, Inc. has a 1 year low of $86.17 and a 1 year high of $210.25.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data 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. The business had revenue of $505.40 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm posted $0.95 earnings per share. 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 predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Insider Buying and Selling

In related news, Chairman Peter Starrett sold 6,498 shares of the business’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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gene Eddie Burt sold 1,200 shares of the firm’s stock in a transaction 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 transaction, 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 disclosure for this sale is available in the SEC filing. Insiders own 0.66% of the company’s stock.

Boot Barn 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.