Boot Barn Holdings, Inc. $BOOT Shares Sold by Blueshift Asset Management LLC

Blueshift Asset Management LLC lowered its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 50.3% in the 2nd quarter, Holdings Channel reports. The fund owned 7,975 shares of the company’s stock after selling 8,064 shares during the period. Blueshift Asset Management LLC’s holdings in Boot Barn were worth $1,212,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. increased its position in 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 acquiring an additional 1,666 shares during the period. Whittier Trust Co. boosted its position in Boot Barn by 2.6% during the 2nd quarter. Whittier Trust Co. now owns 102,538 shares of the company’s stock worth $15,586,000 after acquiring an additional 2,613 shares during the period. Parallel Advisors LLC grew its stake in shares of Boot Barn by 512.6% in the second quarter. Parallel Advisors LLC now owns 533 shares of the company’s stock worth $81,000 after purchasing an additional 446 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Boot Barn during the first quarter valued at $5,363,000. Finally, Raymond James Financial Inc. increased its holdings in shares of Boot Barn by 18.2% during the first quarter. Raymond James Financial Inc. now owns 330,449 shares of the company’s stock valued at $35,500,000 after purchasing an additional 50,907 shares during the period.

Boot Barn Stock Performance

NYSE BOOT opened at $195.47 on Tuesday. The firm’s 50 day moving average price is $181.47 and its two-hundred day moving average price is $172.97. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month high of $205.31. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 1.94 and a beta of 1.67.

Boot Barn (NYSE:BOOT) last released its earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.11. The company had revenue of $505.40 million for the quarter, compared to analysts’ expectations of $493.70 million. Boot Barn had a return on equity of 18.41% and a net margin of 10.05%.The business’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.95 EPS. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS. FY 2026 guidance at 6.750-7.150 EPS. On average, research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Gene Eddie Burt sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $191.41, for a total value of $229,692.00. Following the completion of the sale, the director directly owned 3,338 shares in the company, valued at approximately $638,926.58. The trade was a 26.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Peter Starrett sold 6,498 shares of the business’s stock in a transaction 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. The trade was 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 owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on BOOT shares. JPMorgan Chase & Co. raised their target price on shares of Boot Barn from $276.00 to $282.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Seaport Res Ptn lowered shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Piper Sandler reissued an “overweight” rating and set a $220.00 target price (up previously from $218.00) on shares of Boot Barn in a report on Thursday, October 30th. Zacks Research raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Finally, TD Cowen lifted their price target on Boot Barn from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $195.75.

Boot Barn Company 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.