Boot Barn Holdings, Inc. $BOOT Stock Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 86.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,027 shares of the company’s stock after selling 6,410 shares during the period. Sterling Capital Management LLC’s holdings in Boot Barn were worth $124,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CoreCap Advisors LLC lifted its position in Boot Barn by 85.8% in the third quarter. CoreCap Advisors LLC now owns 223 shares of the company’s stock valued at $27,000 after purchasing an additional 103 shares during the period. Pension & Wealth Management Advisors Inc. purchased a new stake in Boot Barn in the 3rd quarter valued at approximately $27,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Boot Barn in the 2nd quarter valued at approximately $33,000. Farther Finance Advisors LLC boosted its holdings in Boot Barn by 94.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 315 shares of the company’s stock valued at $38,000 after purchasing an additional 153 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its holdings in Boot Barn by 2,076.5% in the 3rd quarter. Fortitude Family Office LLC now owns 370 shares of the company’s stock valued at $45,000 after purchasing an additional 353 shares in the last quarter.

More Boot Barn News

Here are the key news stories impacting Boot Barn this week:

• Positive Sentiment: Boot Barn exceeded quarterly EPS expectations, with earnings of approximately $1.68 per share versus the $1.63 consensus estimate. Margin gains and year-over-year profit growth helped offset weaker-than-expected sales. BOOT Q2 Earnings Beat Estimates on Margin Gains, Sales Miss
• Positive Sentiment: The retailer raised its store expansion ambitions, planning to open 75 to 80 new locations in fiscal 2027. Management also highlighted Boot Barn Workforce, which generated about $100 million in commercial sales last fiscal year, supporting the longer-term growth narrative. Boot Barn outlines fiscal 2027 outlook
• Positive Sentiment: Boot Barn authorized an additional $400 million for share repurchases, potentially providing support for earnings per share and signaling confidence in the company’s financial position. Boot Barn announces results and share repurchase authorization
• Neutral Sentiment: Robert W. Baird maintained an “outperform” rating but reduced its price target from $160 to $145, while Zacks downgraded the stock to “hold.” The mixed analyst actions reflect stronger near-term profitability but more cautious growth expectations.
• Negative Sentiment: Fiscal third-quarter guidance calls for EPS of $3.03–$3.19 and revenue of $785 million–$802 million, below analyst expectations of $3.42 and $816.2 million, respectively.
• Negative Sentiment: Fiscal 2027 EPS guidance was reduced to $8.72–$9.00, below the $9.02 consensus. Although projected revenue of approximately $2.6 billion matches expectations, the lower profit outlook suggests pressure from sales trends, costs, or investment in expansion. Boot Barn posts higher profit and trims guidance

Analyst Upgrades and Downgrades

BOOT has been the subject of a number of analyst reports. The Goldman Sachs Group set a $203.00 target price on Boot Barn in a research note on Thursday. Stephens lifted their price target on Boot Barn from $196.00 to $207.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Robert W. Baird dropped their price objective on Boot Barn from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday. Citigroup dropped their price objective on Boot Barn from $205.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, October 13th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $187.00 price objective (down from $226.00) on shares of Boot Barn in a research report on Thursday. Thirteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $191.46.

Boot Barn Trading Down 0.4%

Shares of Boot Barn stock opened at $131.77 on Monday. Boot Barn Holdings, Inc. has a 12-month low of $110.53 and a 12-month high of $210.25. The stock has a market cap of $3.94 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 1.01 and a beta of 1.76. The company has a 50-day moving average of $131.15 and a two-hundred day moving average of $158.33.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.10. The company had revenue of $581.81 million during the quarter, compared to the consensus estimate of $580.80 million. Boot Barn had a net margin of 10.45% and a return on equity of 18.82%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period last year, the firm earned $1.37 EPS. On average, sell-side analysts forecast that Boot Barn Holdings, Inc. will post 8.91 EPS for the current fiscal year.

Boot Barn Profile

Boot Barn Holdings, Inc is a specialty retailer focused on Western and work-related apparel, footwear and accessories. The company sells products including cowboy boots, work boots, jeans, shirts, hats, outerwear, belts and other accessories from a range of national and private-label brands.

Boot Barn serves customers through a network of retail stores across the United States, as well as through its e-commerce platform. Its merchandise is marketed to Western lifestyle customers, workers who need durable clothing and footwear, and consumers participating in activities such as rodeo, riding and outdoor recreation.

The company traces its beginnings to 1978 and is headquartered in Irvine, California.