Cornerstone Investment Partners LLC Purchases New Position in Boot Barn Holdings, Inc. $BOOT

Cornerstone Investment Partners LLC acquired a new position in Boot Barn Holdings, Inc. (NYSE:BOOT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,570 shares of the company’s stock, valued at approximately $239,000.

Several other hedge funds have also modified their holdings of the company. Verdence Capital Advisors LLC grew its holdings in shares of Boot Barn by 3.4% in the second quarter. Verdence Capital Advisors LLC now owns 2,270 shares of the company’s stock valued at $345,000 after purchasing an additional 74 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Boot Barn by 6.7% during the second quarter. Nisa Investment Advisors LLC now owns 1,582 shares of the company’s stock valued at $240,000 after purchasing an additional 99 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Boot Barn by 134.2% in the 2nd quarter. Bessemer Group Inc. now owns 185 shares of the company’s stock worth $28,000 after buying an additional 106 shares in the last quarter. Xponance Inc. grew its stake in shares of Boot Barn by 5.5% in the 1st quarter. Xponance Inc. now owns 2,292 shares of the company’s stock worth $246,000 after buying an additional 120 shares in the last quarter. Finally, Intrust Bank NA increased its holdings in shares of Boot Barn by 3.4% in the 1st quarter. Intrust Bank NA now owns 4,702 shares of the company’s stock worth $505,000 after buying an additional 153 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Zacks Research raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Seaport Res Ptn lowered Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. JPMorgan Chase & Co. lifted their target price on Boot Barn from $276.00 to $282.00 and gave the stock an “overweight” rating in a report on Thursday. KeyCorp increased 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. Finally, UBS Group lifted their price objective on shares of Boot Barn from $241.00 to $248.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $195.75.

Insider Buying and Selling

In related news, Chairman Peter Starrett sold 6,498 shares of Boot Barn stock in a transaction dated Monday, November 3rd. The shares were 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 in the company, valued at $1,823,810. This trade represents a 40.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.66% of the stock is owned by corporate insiders.

Boot Barn Stock Performance

Shares of NYSE BOOT opened at $182.72 on Friday. Boot Barn Holdings, Inc. has a fifty-two week low of $86.17 and a fifty-two week high of $205.31. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 1.94 and a beta of 1.67. The business’s 50 day moving average price is $180.66 and its 200-day moving average price is $163.81.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.26 by $0.11. Boot Barn had a return on equity of 18.41% and a net margin of 10.05%.The company had revenue of $505.40 million for the quarter, compared to the consensus estimate of $493.70 million. During the same quarter in the prior year, the company posted $0.95 EPS. Boot Barn’s quarterly 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. FY 2026 guidance at 6.750-7.150 EPS. Sell-side analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

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.