Tabor Asset Management LP Makes New Investment in Boot Barn Holdings, Inc. $BOOT

Tabor Asset Management LP bought a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) during the 2nd quarter, Holdings Channel reports. The firm bought 15,856 shares of the company’s stock, valued at approximately $2,410,000. Boot Barn accounts for about 1.6% of Tabor Asset Management LP’s portfolio, making the stock its 24th largest holding.

Several other hedge funds have also recently modified their holdings of BOOT. Nuveen LLC acquired a new position in Boot Barn in the 1st quarter valued at $38,387,000. Invesco Ltd. boosted its holdings in shares of 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 acquiring an additional 179,710 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in shares of Boot Barn by 51.4% during the first quarter. Stephens Investment Management Group LLC now owns 465,787 shares of the company’s stock worth $50,039,000 after acquiring an additional 158,195 shares during the period. Ameriprise Financial Inc. lifted its position in Boot Barn by 42.1% in the first quarter. Ameriprise Financial Inc. now owns 503,619 shares of the company’s stock valued at $54,110,000 after purchasing an additional 149,115 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Boot Barn in the first quarter valued at about $13,539,000.

Insider Activity at Boot Barn

In other news, Chairman Peter Starrett sold 6,498 shares of the business’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 value of $1,234,620.00. Following the completion of the transaction, the chairman owned 9,599 shares of the company’s stock, valued at $1,823,810. The trade was a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.66% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BOOT. Jefferies Financial Group downgraded Boot Barn from a “buy” rating to a “hold” rating and decreased their price target for the company from $187.00 to $175.00 in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. increased 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. Piper Sandler reissued an “overweight” rating and set a $220.00 price objective (up previously from $218.00) on shares of Boot Barn in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Boot Barn in a report on Wednesday, October 8th. Finally, UBS Group boosted their price target on Boot Barn from $241.00 to $248.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $195.75.

Boot Barn Stock Up 2.2%

NYSE BOOT opened at $186.75 on Friday. Boot Barn Holdings, Inc. has a fifty-two week low of $86.17 and a fifty-two week high of $205.31. The business has a fifty day moving average of $180.84 and a 200-day moving average of $164.49. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 1.94 and a beta of 1.67.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.37 EPS 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 firm had revenue of $505.40 million during the quarter, compared to analysts’ expectations of $493.70 million. During the same quarter last year, the business posted $0.95 EPS. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS. FY 2026 guidance at 6.750-7.150 EPS. As a group, analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

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.