Kennedy Capital Management LLC Sells 124,076 Shares of Boot Barn Holdings, Inc. $BOOT

Kennedy Capital Management LLC trimmed its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 51.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,072 shares of the company’s stock after selling 124,076 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.39% of Boot Barn worth $17,947,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC bought a new stake in shares of Boot Barn in the 1st quarter valued at about $38,387,000. Westwood Holdings Group Inc. bought a new stake in shares of Boot Barn in the second quarter valued at about $34,790,000. Fiera Capital Corp acquired a new position in Boot Barn during the 2nd quarter worth approximately $33,686,000. Invesco Ltd. grew its position in Boot Barn by 24.8% in the first quarter. Invesco Ltd. now owns 903,453 shares of the company’s stock valued at $97,058,000 after purchasing an additional 179,710 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Boot Barn by 4,784.7% in the second quarter. Fisher Asset Management LLC now owns 165,494 shares of the company’s stock valued at $25,155,000 after acquiring an additional 162,106 shares during the last quarter.

Boot Barn Trading Up 3.7%

Shares of NYSE BOOT opened at $201.17 on Thursday. The firm has a market cap of $6.13 billion, a P/E ratio of 29.76, a price-to-earnings-growth ratio of 1.58 and a beta of 1.59. The business’s 50 day moving average is $182.59 and its 200-day moving average is $173.43. Boot Barn Holdings, Inc. has a 1-year low of $86.17 and a 1-year high of $205.31.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.37 EPS for the quarter, beating 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 return on equity of 18.11% and a net margin of 10.05%.The company’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the prior year, the firm posted $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. Analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Wall Street Analysts Forecast Growth

BOOT has been the subject of several recent analyst reports. Cowen reissued a “buy” rating on shares of Boot Barn in a report on Thursday, October 30th. Seaport Res Ptn cut shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Zacks Research upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Boot Barn in a report on Wednesday, October 8th. Finally, TD Cowen raised their price target on Boot Barn from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $195.75.

Insider Activity

In related news, Director Gene Eddie Burt sold 1,200 shares of the firm’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 transaction, the director directly owned 3,338 shares of the company’s stock, valued at approximately $638,926.58. This trade represents a 26.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Peter Starrett sold 6,498 shares of Boot Barn stock in a transaction dated 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 owned 9,599 shares of the company’s stock, valued at $1,823,810. This trade represents a 40.37% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.66% of the company’s stock.

About Boot Barn

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.