Westwood Holdings Group Inc. Invests $34.79 Million in Boot Barn Holdings, Inc. $BOOT

Westwood Holdings Group Inc. bought a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 228,879 shares of the company’s stock, valued at approximately $34,790,000.

Several other hedge funds have also recently added to or reduced their stakes in BOOT. Citigroup Inc. lifted its position in shares of Boot Barn by 26.9% during the 1st quarter. Citigroup Inc. now owns 84,710 shares of the company’s stock valued at $9,100,000 after acquiring an additional 17,955 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Boot Barn during the first quarter worth $237,000. Russell Investments Group Ltd. lifted its holdings in shares of Boot Barn by 81.3% during the first quarter. Russell Investments Group Ltd. now owns 126,723 shares of the company’s stock valued at $13,614,000 after purchasing an additional 56,815 shares during the last quarter. Aberdeen Group plc increased its stake in Boot Barn by 35.5% in the 1st quarter. Aberdeen Group plc now owns 199,638 shares of the company’s stock worth $21,447,000 after purchasing an additional 52,340 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Boot Barn by 15.3% in the 1st quarter. American Century Companies Inc. now owns 569,390 shares of the company’s stock worth $61,170,000 after purchasing an additional 75,413 shares in the last quarter.

Insiders Place Their Bets

In other Boot Barn news, Director Gene Eddie Burt sold 1,200 shares of the stock in a transaction on 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 $638,926.58. This represents a 26.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Peter Starrett sold 6,498 shares of the firm’s stock in a transaction dated 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 transaction, the chairman owned 9,599 shares in the company, valued at approximately $1,823,810. This trade represents a 40.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.66% of the company’s stock.

Boot Barn Stock Performance

Shares of NYSE BOOT opened at $203.94 on Monday. The business has a 50 day simple moving average of $187.29 and a 200 day simple moving average of $175.58. Boot Barn Holdings, Inc. has a 52 week low of $86.17 and a 52 week high of $210.25. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 1.66 and a beta of 1.59.

Boot Barn (NYSE:BOOT) last posted its earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. The firm had revenue of $505.40 million during the quarter, compared to analysts’ expectations of $493.70 million. Boot Barn had a net margin of 10.05% and a return on equity of 18.11%. The company’s revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.95 earnings per share. 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, analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. TD Cowen raised their target price on shares of Boot Barn from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Zacks Research raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Piper Sandler reissued an “overweight” rating and set a $220.00 target price (up from $218.00) on shares of Boot Barn in a research note on Thursday, October 30th. JPMorgan Chase & Co. raised their target price on Boot Barn from $276.00 to $282.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Finally, The Goldman Sachs Group initiated coverage on Boot Barn in a report on Thursday. They set a “buy” rating and a $225.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $198.00.

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.