Cornerstone Investment Partners LLC Buys Shares of 1,570 Boot Barn Holdings, Inc. $BOOT

Cornerstone Investment Partners LLC bought a new position in Boot Barn Holdings, Inc. (NYSE:BOOT) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,570 shares of the company’s stock, valued at approximately $239,000.

Several other institutional investors have also recently made changes to their positions in BOOT. Xponance Inc. lifted its stake in Boot Barn by 5.5% in the first quarter. Xponance Inc. now owns 2,292 shares of the company’s stock worth $246,000 after acquiring an additional 120 shares during the period. Emerald Mutual Fund Advisers Trust lifted its position in shares of Boot Barn by 27.1% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 87,593 shares of the company’s stock worth $9,410,000 after purchasing an additional 18,657 shares during the period. Schechter Investment Advisors LLC boosted its stake in shares of Boot Barn by 32.9% during the first quarter. Schechter Investment Advisors LLC now owns 14,114 shares of the company’s stock valued at $1,516,000 after purchasing an additional 3,490 shares in the last quarter. Stephens Investment Management Group LLC increased its holdings in Boot Barn by 51.4% during the first quarter. Stephens Investment Management Group LLC now owns 465,787 shares of the company’s stock valued at $50,039,000 after buying an additional 158,195 shares during the period. Finally, Whittier Trust Co. increased its holdings in Boot Barn by 1.9% during the first quarter. Whittier Trust Co. now owns 99,925 shares of the company’s stock valued at $10,735,000 after buying an additional 1,909 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BOOT. KeyCorp increased their target price on Boot Barn from $195.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. TD Cowen raised their price objective on Boot Barn from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Jefferies Financial Group lowered Boot Barn from a “buy” rating to a “hold” rating and cut their target price for the company from $187.00 to $175.00 in a research note on Wednesday, July 23rd. Piper Sandler reissued an “overweight” rating and set a $220.00 price target (up from $218.00) on shares of Boot Barn in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Boot Barn from $276.00 to $282.00 and gave the company an “overweight” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Boot Barn presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.75.

Boot Barn Price Performance

Shares of NYSE:BOOT opened at $182.72 on Friday. The business’s 50-day moving average is $180.66 and its 200 day moving average is $163.81. Boot Barn Holdings, Inc. has a 1 year low of $86.17 and a 1 year high of $205.31. The firm has a market capitalization of $5.58 billion, a P/E ratio of 27.03, a P/E/G ratio of 1.94 and a beta of 1.67.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.11. Boot Barn had a return on equity of 18.41% and a net margin of 10.05%.The business had revenue of $505.40 million for the quarter, compared to analyst estimates of $493.70 million. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The company’s 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. FY 2026 guidance at 6.750-7.150 EPS. On average, analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Insider Transactions at Boot Barn

In other Boot Barn news, Chairman Peter Starrett sold 6,498 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $190.00, for a total transaction of $1,234,620.00. Following the transaction, the chairman owned 9,599 shares in the company, valued at approximately $1,823,810. This represents a 40.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.