Alliance Wealth Advisors LLC UT Buys Shares of 3,665 Boot Barn Holdings, Inc. $BOOT

Alliance Wealth Advisors LLC UT purchased a new position in Boot Barn Holdings, Inc. (NYSE:BOOT) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,665 shares of the company’s stock, valued at approximately $607,000.

A number of other institutional investors have also made changes to their positions in BOOT. Geode Capital Management LLC lifted its stake in Boot Barn by 2.9% in the second quarter. Geode Capital Management LLC now owns 726,936 shares of the company’s stock valued at $110,508,000 after buying an additional 20,549 shares during the period. Marshall Wace LLP raised its position in shares of Boot Barn by 63.3% in the 2nd quarter. Marshall Wace LLP now owns 655,923 shares of the company’s stock valued at $99,700,000 after acquiring an additional 254,296 shares during the period. Franklin Resources Inc. boosted its stake in Boot Barn by 20.3% during the 2nd quarter. Franklin Resources Inc. now owns 578,654 shares of the company’s stock worth $87,955,000 after acquiring an additional 97,635 shares during the last quarter. Congress Asset Management Co. boosted its stake in 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 acquiring an additional 100,910 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Boot Barn by 25.1% during the second quarter. Raymond James Financial Inc. now owns 413,387 shares of the company’s stock valued at $62,835,000 after purchasing an additional 82,938 shares during the period.

Boot Barn Stock Performance

Shares of Boot Barn stock opened at $199.98 on Monday. The firm has a market cap of $6.08 billion, a PE ratio of 28.09, a P/E/G ratio of 1.42 and a beta of 1.67. The business’s 50 day simple moving average is $189.51 and its 200 day simple moving average is $184.15. Boot Barn Holdings, Inc. has a 52-week low of $86.17 and a 52-week high of $210.25.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Wednesday, February 4th. The company reported $2.79 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.79. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The firm had revenue of $705.64 million during the quarter, compared to the consensus estimate of $700.71 million. During the same quarter in the prior year, the firm posted $2.43 EPS. The business’s revenue was up 16.0% on a year-over-year basis. Boot Barn has set its FY 2026 guidance at 7.250-7.350 EPS and its Q4 2026 guidance at 1.350-1.450 EPS. As a group, equities research analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BOOT shares. Citigroup increased their target price on shares of Boot Barn from $230.00 to $232.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. TD Cowen restated a “buy” rating on shares of Boot Barn in a research report on Thursday, October 30th. Piper Sandler lifted their target price on Boot Barn from $229.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. increased their price target on Boot Barn from $276.00 to $282.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Finally, Weiss Ratings raised Boot Barn from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $217.00.

Insider Transactions 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 transaction of $229,692.00. Following the sale, the director directly 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 sale was disclosed in a filing with the SEC, which is available through this link. 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.