Quantbot Technologies LP Reduces Stake in Boot Barn Holdings, Inc. $BOOT

Quantbot Technologies LP lowered its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 78.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,265 shares of the company’s stock after selling 34,058 shares during the period. Quantbot Technologies LP’s holdings in Boot Barn were worth $1,535,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Campbell Newman Asset Management Inc. grew its stake in shares of Boot Barn by 0.5% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 12,944 shares of the company’s stock valued at $2,145,000 after purchasing an additional 60 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of Boot Barn by 2.4% in the third quarter. Park Avenue Securities LLC now owns 2,826 shares of the company’s stock worth $468,000 after buying an additional 66 shares during the last quarter. Koshinski Asset Management Inc. grew its position in Boot Barn by 5.3% during the third quarter. Koshinski Asset Management Inc. now owns 1,538 shares of the company’s stock valued at $255,000 after buying an additional 78 shares during the period. Amalgamated Bank grew its position in Boot Barn by 0.9% during the third quarter. Amalgamated Bank now owns 8,755 shares of the company’s stock valued at $1,451,000 after buying an additional 79 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in Boot Barn by 9.4% during the third quarter. Smartleaf Asset Management LLC now owns 928 shares of the company’s stock valued at $154,000 after buying an additional 80 shares during the last quarter.

Boot Barn Stock Up 0.4%

NYSE:BOOT opened at $185.03 on Friday. The business’s 50-day simple moving average is $189.06 and its two-hundred day simple moving average is $185.41. 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 $5.63 billion, a PE ratio of 25.99, a P/E/G ratio of 1.31 and a beta of 1.66.

Boot Barn (NYSE:BOOT) last released its earnings results on Wednesday, February 4th. The company reported $2.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.79. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The firm had revenue of $705.64 million during the quarter, compared to analysts’ expectations of $700.71 million. During the same quarter last year, the business posted $2.43 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. 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. Sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BOOT has been the topic of several analyst reports. Weiss Ratings upgraded shares of Boot Barn from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. UBS Group lifted their target price on Boot Barn from $265.00 to $267.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Stephens raised 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. Piper Sandler raised their price objective on Boot Barn from $229.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Finally, JPMorgan Chase & Co. lifted their price objective on Boot Barn from $276.00 to $282.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $217.00.

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.