Summit Creek Advisors LLC Sells 24,667 Shares of Boot Barn Holdings, Inc. $BOOT

Summit Creek Advisors LLC lessened its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 19.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,370 shares of the company’s stock after selling 24,667 shares during the period. Boot Barn comprises approximately 2.4% of Summit Creek Advisors LLC’s holdings, making the stock its 14th largest holding. Summit Creek Advisors LLC owned about 0.33% of Boot Barn worth $16,633,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BOOT. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Boot Barn by 3.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 51,755 shares of the company’s stock valued at $7,867,000 after purchasing an additional 1,666 shares during the period. Whittier Trust Co. lifted its position in Boot Barn by 2.6% during the second quarter. Whittier Trust Co. now owns 102,538 shares of the company’s stock valued at $15,586,000 after buying an additional 2,613 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Boot Barn by 512.6% during the 2nd quarter. Parallel Advisors LLC now owns 533 shares of the company’s stock valued at $81,000 after buying an additional 446 shares in the last quarter. Truist Financial Corp purchased a new stake in shares of Boot Barn in the 2nd quarter worth about $227,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Boot Barn in the 2nd quarter worth about $239,000.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. The Goldman Sachs Group began coverage on shares of Boot Barn in a research note on Thursday, December 11th. They set a “buy” rating and a $225.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on shares of Boot Barn from $276.00 to $282.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Boot Barn in a research note on Wednesday, October 8th. TD Cowen raised their price objective on Boot Barn from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Piper Sandler reiterated an “overweight” rating and set a $220.00 price objective (up previously from $218.00) on shares of Boot Barn in a research note on Thursday, October 30th. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $199.31.

Boot Barn Trading Up 1.8%

Shares of BOOT opened at $195.83 on Monday. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 28.97, a P/E/G ratio of 1.59 and a beta of 1.61. The business’s fifty day simple moving average is $189.34 and its two-hundred day simple moving average is $179.55. Boot Barn Holdings, Inc. has a 12 month low of $86.17 and a 12 month high of $210.25.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.11. Boot Barn had a return on equity of 18.11% and a net margin of 10.05%.The firm had revenue of $505.40 million during the quarter, compared to analysts’ expectations of $493.70 million. During the same quarter in the previous year, the business earned $0.95 earnings per share. The company’s revenue was up 18.7% on a year-over-year basis. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS and its FY 2026 guidance at 6.750-7.150 EPS. As a group, research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Insider Activity

In other news, Director Gene Eddie Burt sold 1,200 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $191.41, for a total transaction of $229,692.00. Following the sale, the director owned 3,338 shares of the company’s stock, valued at $638,926.58. This trade represents a 26.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Peter Starrett sold 6,498 shares of Boot Barn stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $190.00, for a total transaction of $1,234,620.00. Following the completion of the sale, the chairman owned 9,599 shares of the company’s stock, valued at $1,823,810. This represents a 40.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.66% of the stock is currently owned by corporate insiders.

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.