Tabor Asset Management LP Invests $2.41 Million in Boot Barn Holdings, Inc. $BOOT

Tabor Asset Management LP acquired a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,856 shares of the company’s stock, valued at approximately $2,410,000. Boot Barn makes up about 1.6% of Tabor Asset Management LP’s portfolio, making the stock its 24th largest holding. Tabor Asset Management LP owned approximately 0.05% of Boot Barn at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nuveen LLC purchased a new stake in Boot Barn during the 1st quarter worth about $38,387,000. Invesco Ltd. grew its position in shares of Boot Barn by 24.8% during the first quarter. Invesco Ltd. now owns 903,453 shares of the company’s stock worth $97,058,000 after buying an additional 179,710 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in shares of Boot Barn by 51.4% during the first quarter. Stephens Investment Management Group LLC now owns 465,787 shares of the company’s stock worth $50,039,000 after buying an additional 158,195 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Boot Barn by 42.1% during the first quarter. Ameriprise Financial Inc. now owns 503,619 shares of the company’s stock worth $54,110,000 after buying an additional 149,115 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Boot Barn in the first quarter valued at approximately $13,539,000.

Insider Activity at Boot Barn

In related news, Chairman Peter Starrett sold 6,498 shares of the stock in a transaction on 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 represents a 40.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.66% of the stock is owned by insiders.

Boot Barn Stock Performance

Boot Barn stock opened at $186.75 on Friday. The company has a market capitalization of $5.71 billion, a P/E ratio of 27.63, a PEG ratio of 1.94 and a beta of 1.67. Boot Barn Holdings, Inc. has a fifty-two week low of $86.17 and a fifty-two week high of $205.31. The stock has a 50-day simple moving average of $180.84 and a 200-day simple moving average of $164.49.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.37 EPS for the quarter, topping 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 analyst estimates of $493.70 million. During the same quarter in the previous year, the company posted $0.95 earnings per share. The firm’s revenue was up 18.7% compared to the same quarter last year. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS. FY 2026 guidance at 6.750-7.150 EPS. As a group, analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BOOT. KeyCorp increased their price objective on shares of Boot Barn from $195.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Boot Barn in a research note on Wednesday, October 8th. Cowen reissued a “buy” rating on shares of Boot Barn in a report on Thursday, October 30th. UBS Group lifted their price target on Boot Barn from $241.00 to $248.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Seaport Res Ptn cut Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. One 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 stock. According to data from MarketBeat.com, Boot Barn presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.75.

Boot Barn 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.