Tributary Capital Management LLC Has $20.44 Million Stock Holdings in Boot Barn Holdings, Inc. $BOOT

Tributary Capital Management LLC lessened its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 21.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 134,488 shares of the company’s stock after selling 36,388 shares during the period. Boot Barn comprises approximately 1.8% of Tributary Capital Management LLC’s holdings, making the stock its 18th biggest holding. Tributary Capital Management LLC owned about 0.44% of Boot Barn worth $20,442,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Maseco LLP acquired a new stake in shares of Boot Barn in the 2nd quarter valued at $40,000. Golden State Wealth Management LLC boosted its stake in shares of Boot Barn by 263.6% in the 1st 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. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Boot Barn in the 1st quarter valued at $44,000. Bayforest Capital Ltd acquired a new stake in shares of Boot Barn in the 1st quarter valued at $48,000. Finally, Parallel Advisors LLC raised its holdings in shares of 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 buying an additional 446 shares during the last quarter.

Boot Barn Trading Down 1.3%

Shares of NYSE:BOOT opened at $189.53 on Thursday. The stock has a market capitalization of $5.79 billion, a P/E ratio of 29.89, a P/E/G ratio of 1.93 and a beta of 1.61. The business has a 50-day moving average price of $175.87 and a two-hundred day moving average price of $156.05. Boot Barn Holdings, Inc. has a 1-year low of $86.17 and a 1-year high of $194.81.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.19. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.The company had revenue of $504.07 million during the quarter, compared to analysts’ expectations of $489.49 million. During the same period in the prior year, the business posted $1.26 EPS. Boot Barn’s revenue was up 19.1% on a year-over-year basis. Boot Barn has set its Q2 2026 guidance at 1.190-1.270 EPS. FY 2026 guidance at 5.800-6.700 EPS. As a group, equities analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. KeyCorp lifted their price target on Boot Barn from $195.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Boot Barn in a report on Wednesday, October 8th. Piper Sandler lifted their price target on Boot Barn from $184.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, July 28th. BTIG Research lifted their price target on Boot Barn from $200.00 to $218.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, Jefferies Financial Group cut Boot Barn from a “buy” rating to a “hold” rating and cut their price target for the company from $187.00 to $175.00 in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Boot Barn has an average rating of “Moderate Buy” and a consensus target price of $182.54.

About Boot Barn

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.