Skylands Capital LLC Trims Position in Boot Barn Holdings, Inc. $BOOT

Skylands Capital LLC cut its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 66.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,614 shares of the company’s stock after selling 7,060 shares during the period. Skylands Capital LLC’s holdings in Boot Barn were worth $599,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Royal Bank of Canada increased its holdings in Boot Barn by 50.3% during the 1st quarter. Royal Bank of Canada now owns 34,676 shares of the company’s stock worth $3,725,000 after acquiring an additional 11,598 shares during the period. AQR Capital Management LLC increased its holdings in shares of Boot Barn by 198.0% in the first quarter. AQR Capital Management LLC now owns 8,906 shares of the company’s stock worth $957,000 after purchasing an additional 5,917 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Boot Barn by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company’s stock valued at $1,894,000 after buying an additional 779 shares during the period. Goldman Sachs Group Inc. grew its position in Boot Barn by 23.6% during the first quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company’s stock worth $34,771,000 after buying an additional 61,719 shares in the last quarter. Finally, United Services Automobile Association bought a new position in Boot Barn in the 1st quarter worth about $209,000.

Insider Activity at Boot Barn

In related news, Director Gene Eddie Burt sold 1,200 shares of Boot Barn stock in a transaction on Monday, December 1st. The shares were sold at an average price of $191.41, for a total value of $229,692.00. Following the transaction, the director owned 3,338 shares in the company, valued at $638,926.58. This trade represents a 26.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on BOOT shares. Jefferies Financial Group raised their price target on Boot Barn from $180.00 to $195.00 and gave the company a “hold” rating in a report on Monday, January 12th. Citigroup raised their target price on shares of Boot Barn from $230.00 to $232.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. BTIG Research reiterated a “buy” rating and set a $235.00 target price on shares of Boot Barn in a research report on Thursday, February 5th. Piper Sandler increased their price target on shares of Boot Barn from $229.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Finally, TD Cowen restated a “buy” rating on shares of Boot Barn in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.00.

Boot Barn Price Performance

NYSE:BOOT opened at $194.57 on Wednesday. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 1.45 and a beta of 1.67. The business has a 50 day moving average of $190.92 and a 200 day moving average of $183.01. Boot Barn Holdings, Inc. has a 1-year low of $86.17 and a 1-year high of $210.25.

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