Blair William & Co. IL Cuts Stake in Boot Barn Holdings, Inc. $BOOT

Blair William & Co. IL lowered its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 49.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,044 shares of the company’s stock after selling 3,035 shares during the period. Blair William & Co. IL’s holdings in Boot Barn were worth $463,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BOOT. Golden State Wealth Management LLC boosted its position in Boot Barn by 263.6% during the first quarter. Golden State Wealth Management LLC now owns 280 shares of the company’s stock valued at $30,000 after purchasing an additional 203 shares in the last quarter. Maseco LLP bought a new stake in Boot Barn during the second quarter valued at about $40,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Boot Barn during the first quarter valued at about $44,000. Bayforest Capital Ltd bought a new stake in Boot Barn during the first quarter valued at about $48,000. Finally, Parallel Advisors LLC boosted its position in Boot Barn by 512.6% during the second quarter. Parallel Advisors LLC now owns 533 shares of the company’s stock valued at $81,000 after purchasing an additional 446 shares in the last quarter.

Boot Barn Stock Down 1.2%

Boot Barn stock opened at $184.75 on Friday. Boot Barn Holdings, Inc. has a 52 week low of $86.17 and a 52 week high of $191.31. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of 29.14, a price-to-earnings-growth ratio of 1.88 and a beta of 1.61. The stock has a 50-day moving average price of $174.58 and a 200 day moving average price of $154.25.

Boot Barn (NYSE:BOOT) last released its earnings results on Thursday, July 31st. The company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.19. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.The firm had revenue of $504.07 million during the quarter, compared to the consensus estimate of $489.49 million. During the same quarter in the previous year, the company posted $1.26 earnings per share. The company’s revenue was up 19.1% compared to the same quarter last year. Boot Barn has set its Q2 2026 guidance at 1.190-1.270 EPS. FY 2026 guidance at 5.800-6.700 EPS. Research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on BOOT. KeyCorp raised their price objective on Boot Barn from $195.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. raised their price objective on Boot Barn from $207.00 to $247.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Piper Sandler raised their price objective on Boot Barn from $184.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. BTIG Research raised their price objective on Boot Barn from $200.00 to $218.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Jefferies Financial Group downgraded Boot Barn from a “buy” rating to a “hold” rating and lowered their price target for the stock from $187.00 to $175.00 in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $182.54.

Boot Barn Profile

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.