Norden Group LLC Makes New Investment in Boot Barn Holdings, Inc. $BOOT

Norden Group LLC acquired a new position in Boot Barn Holdings, Inc. (NYSE:BOOT) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 3,104 shares of the company’s stock, valued at approximately $514,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in shares of Boot Barn by 2.9% during the second quarter. Geode Capital Management LLC now owns 726,936 shares of the company’s stock valued at $110,508,000 after purchasing an additional 20,549 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Boot Barn by 63.3% in the second quarter. Marshall Wace LLP now owns 655,923 shares of the company’s stock worth $99,700,000 after buying an additional 254,296 shares during the period. Franklin Resources Inc. increased its position in shares of Boot Barn by 20.3% in the second 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 in the last quarter. Congress Asset Management Co. raised its holdings in shares of Boot Barn by 22.0% during the third quarter. Congress Asset Management Co. now owns 560,063 shares of the company’s stock valued at $92,814,000 after acquiring an additional 100,910 shares during the period. Finally, Stephens Investment Management Group LLC lifted its position in shares of Boot Barn by 13.4% in the 2nd quarter. Stephens Investment Management Group LLC now owns 528,103 shares of the company’s stock valued at $80,272,000 after acquiring an additional 62,316 shares in the last quarter.

Boot Barn Stock Performance

Shares of BOOT opened at $186.38 on Friday. The firm has a market cap of $5.68 billion, a PE ratio of 27.57, a PEG ratio of 1.54 and a beta of 1.59. The firm’s 50 day moving average price is $190.69 and its 200 day moving average price is $177.48. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month high of $210.25.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.37 EPS for the quarter, topping 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 company had revenue of $505.40 million for the quarter, compared to analyst estimates of $493.70 million. During the same quarter in the prior year, the business posted $0.95 EPS. Boot Barn’s quarterly 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. On average, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Gene Eddie Burt sold 1,200 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $191.41, for a total transaction of $229,692.00. Following the transaction, the director owned 3,338 shares of the company’s stock, valued at approximately $638,926.58. This represents a 26.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $1,234,620.00. Following the completion of the sale, the chairman owned 9,599 shares of the company’s stock, valued at approximately $1,823,810. This trade represents a 40.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BOOT shares. Cowen reissued a “buy” rating on shares of Boot Barn in a research note on Thursday, October 30th. Zacks Research raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Boot Barn in a research report on Wednesday, October 8th. Seaport Res Ptn downgraded Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Finally, The Goldman Sachs Group started coverage on shares of Boot Barn in a report on Thursday, December 11th. They set a “buy” rating and a $225.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.