Boot Barn Holdings, Inc. $BOOT Stock: Sterling Capital Management LLC Reduces Position

Sterling Capital Management LLC reduced its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 86.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,027 shares of the company’s stock after selling 6,410 shares during the quarter. Sterling Capital Management LLC’s holdings in Boot Barn were worth $124,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BOOT. CoreCap Advisors LLC raised its holdings in shares of Boot Barn by 85.8% in the third quarter. CoreCap Advisors LLC now owns 223 shares of the company’s stock worth $27,000 after acquiring an additional 103 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Boot Barn by 8.7% in the third quarter. GAMMA Investing LLC now owns 1,578 shares of the company’s stock valued at $190,000 after acquiring an additional 126 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Boot Barn by 2.7% during the first quarter. PNC Financial Services Group Inc. now owns 5,044 shares of the company’s stock valued at $738,000 after acquiring an additional 131 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Boot Barn by 94.4% during the third quarter. Farther Finance Advisors LLC now owns 315 shares of the company’s stock valued at $38,000 after acquiring an additional 153 shares during the last quarter. Finally, Sowell Financial Services LLC boosted its stake in shares of Boot Barn by 6.2% during the third quarter. Sowell Financial Services LLC now owns 2,858 shares of the company’s stock valued at $344,000 after acquiring an additional 166 shares during the last quarter.

Trending Headlines about Boot Barn

Here are the key news stories impacting Boot Barn this week:

• Positive Sentiment: Boot Barn exceeded quarterly EPS expectations, with earnings of approximately $1.68 per share versus the $1.63 consensus estimate. Margin gains and year-over-year profit growth helped offset weaker-than-expected sales. BOOT Q2 Earnings Beat Estimates on Margin Gains, Sales Miss
• Positive Sentiment: The retailer raised its store expansion ambitions, planning to open 75 to 80 new locations in fiscal 2027. Management also highlighted Boot Barn Workforce, which generated about $100 million in commercial sales last fiscal year, supporting the longer-term growth narrative. Boot Barn outlines fiscal 2027 outlook
• Positive Sentiment: Boot Barn authorized an additional $400 million for share repurchases, potentially providing support for earnings per share and signaling confidence in the company’s financial position. Boot Barn announces results and share repurchase authorization
• Neutral Sentiment: Robert W. Baird maintained an “outperform” rating but reduced its price target from $160 to $145, while Zacks downgraded the stock to “hold.” The mixed analyst actions reflect stronger near-term profitability but more cautious growth expectations.
• Negative Sentiment: Fiscal third-quarter guidance calls for EPS of $3.03–$3.19 and revenue of $785 million–$802 million, below analyst expectations of $3.42 and $816.2 million, respectively.
• Negative Sentiment: Fiscal 2027 EPS guidance was reduced to $8.72–$9.00, below the $9.02 consensus. Although projected revenue of approximately $2.6 billion matches expectations, the lower profit outlook suggests pressure from sales trends, costs, or investment in expansion. Boot Barn posts higher profit and trims guidance

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Piper Sandler reissued an “overweight” rating and issued a $187.00 target price (down from $226.00) on shares of Boot Barn in a research note on Thursday. Zacks Research cut shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 27th. Weiss Ratings downgraded shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 23rd. TD Cowen cut their price objective on shares of Boot Barn from $160.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday. Finally, BTIG Research cut their price objective on shares of Boot Barn from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday. Thirteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Boot Barn presently has an average rating of “Moderate Buy” and an average target price of $191.46.

Boot Barn Trading Down 0.4%

Shares of NYSE:BOOT opened at $131.77 on Monday. The stock’s 50-day moving average price is $131.15 and its two-hundred day moving average price is $158.33. Boot Barn Holdings, Inc. has a 12-month low of $110.53 and a 12-month high of $210.25. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 1.01 and a beta of 1.76.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.63 by $0.10. Boot Barn had a return on equity of 18.82% and a net margin of 10.45%. The company had revenue of $581.81 million during the quarter, compared to analysts’ expectations of $580.80 million. During the same quarter in the previous year, the business earned $1.37 EPS. The firm’s revenue was up 15.1% on a year-over-year basis. As a group, research analysts forecast that Boot Barn Holdings, Inc. will post 8.91 earnings per share for the current fiscal year.

About Boot Barn

Boot Barn Holdings, Inc is a specialty retailer focused on Western and work-related apparel, footwear and accessories. The company sells products including cowboy boots, work boots, jeans, shirts, hats, outerwear, belts and other accessories from a range of national and private-label brands.

Boot Barn serves customers through a network of retail stores across the United States, as well as through its e-commerce platform. Its merchandise is marketed to Western lifestyle customers, workers who need durable clothing and footwear, and consumers participating in activities such as rodeo, riding and outdoor recreation.

The company traces its beginnings to 1978 and is headquartered in Irvine, California.