Oppenheimer Asset Management Inc. Sells 1,314 Shares of Boot Barn Holdings, Inc. $BOOT

Oppenheimer Asset Management Inc. reduced its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 8.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,417 shares of the company’s stock after selling 1,314 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Boot Barn were worth $2,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of BOOT. Golden State Wealth Management LLC lifted its holdings in shares of Boot Barn by 263.6% during the first quarter. Golden State Wealth Management LLC now owns 280 shares of the company’s stock valued at $30,000 after purchasing an additional 203 shares in the last quarter. Maseco LLP bought a new position in Boot Barn in the second quarter valued at about $40,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Boot Barn in the first quarter valued at about $44,000. Bayforest Capital Ltd bought a new position in Boot Barn in the first quarter valued at about $48,000. Finally, Parallel Advisors LLC lifted its holdings in Boot Barn by 512.6% in the second quarter. Parallel Advisors LLC now owns 533 shares of the company’s stock valued at $81,000 after acquiring an additional 446 shares during the period.

Boot Barn Stock Down 2.6%

NYSE BOOT opened at $193.44 on Thursday. The stock’s 50-day moving average price is $179.08 and its 200-day moving average price is $160.33. Boot Barn Holdings, Inc. has a 52 week low of $86.17 and a 52 week high of $204.71. The company has a market capitalization of $5.91 billion, a P/E ratio of 30.51, a price-to-earnings-growth ratio of 1.98 and a beta of 1.61.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.24 by $0.13. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.During the same period in the prior year, the company earned $0.95 EPS. Boot Barn’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. Research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Wall Street Analysts Forecast Growth

BOOT has been the topic of a number of recent research reports. Cowen reissued a “buy” rating on shares of Boot Barn in a report on Monday, July 28th. KeyCorp increased their target price on Boot Barn from $195.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Piper Sandler increased their target price on Boot Barn from $184.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Seaport Res Ptn downgraded Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Jefferies Financial Group downgraded Boot Barn from a “buy” rating to a “hold” rating and lowered their target price for the company from $187.00 to $175.00 in a report on Wednesday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $182.55.

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.