Boot Barn Holdings, Inc. $BOOT Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. trimmed its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 32.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,888 shares of the company’s stock after selling 20,388 shares during the period. Landscape Capital Management L.L.C.’s holdings in Boot Barn were worth $6,942,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in shares of Boot Barn by 132.4% during the third quarter. Principal Financial Group Inc. now owns 352,816 shares of the company’s stock worth $58,469,000 after purchasing an additional 201,026 shares in the last quarter. Federated Hermes Inc. acquired a new stake in shares of Boot Barn in the third quarter valued at about $13,407,000. GatePass Capital LLC purchased a new stake in shares of Boot Barn during the 3rd quarter valued at about $1,662,000. Alliance Wealth Advisors LLC UT purchased a new stake in shares of Boot Barn during the 3rd quarter valued at about $607,000. Finally, Fisher Asset Management LLC lifted its position in Boot Barn by 4,784.7% during the 2nd quarter. Fisher Asset Management LLC now owns 165,494 shares of the company’s stock worth $25,155,000 after acquiring an additional 162,106 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Zacks Research upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Jefferies Financial Group boosted their target price on shares of Boot Barn from $180.00 to $195.00 and gave the stock a “hold” rating in a research report on Monday, January 12th. Stephens raised shares of Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 price target for the company in a report on Friday, February 6th. Citigroup boosted their price objective on shares of Boot Barn from $230.00 to $232.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, The Goldman Sachs Group began coverage on shares of Boot Barn in a research report on Thursday, December 11th. They issued a “buy” rating and a $225.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Boot Barn currently has an average rating of “Moderate Buy” and a consensus price target of $217.00.

Boot Barn Trading Down 1.4%

BOOT stock traded down $2.28 during midday trading on Friday, hitting $165.07. 33,668 shares of the company’s stock were exchanged, compared to its average volume of 645,168. The firm has a 50 day moving average price of $188.38 and a 200-day moving average price of $185.53. Boot Barn Holdings, Inc. has a 12-month low of $86.17 and a 12-month high of $210.25. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 1.20 and a beta of 1.66.

Boot Barn (NYSE:BOOT) last released its earnings results on Wednesday, February 4th. The company reported $2.79 EPS for the quarter, meeting the consensus estimate of $2.79. The company had revenue of $705.64 million during the quarter, compared to analysts’ expectations of $700.71 million. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The business’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.43 EPS. Boot Barn has set its FY 2026 guidance at 7.250-7.350 EPS and its Q4 2026 guidance at 1.350-1.450 EPS. On average, sell-side analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Boot Barn 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.