Hook Mill Capital Partners LP Sells 74,817 Shares of Boot Barn Holdings, Inc. $BOOT

Hook Mill Capital Partners LP reduced its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 29.8% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 176,539 shares of the company’s stock after selling 74,817 shares during the quarter. Boot Barn accounts for about 2.6% of Hook Mill Capital Partners LP’s investment portfolio, making the stock its 17th largest position. Hook Mill Capital Partners LP owned 0.58% of Boot Barn worth $26,834,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of BOOT. Bessemer Group Inc. lifted its position in Boot Barn by 134.2% during the second quarter. Bessemer Group Inc. now owns 185 shares of the company’s stock valued at $28,000 after purchasing an additional 106 shares during the last quarter. Maseco LLP bought a new position in Boot Barn in the second quarter valued at $40,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Boot Barn during the first quarter worth about $44,000. Bayforest Capital Ltd purchased a new position in shares of Boot Barn in the 1st quarter worth about $48,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Boot Barn by 202.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 427 shares of the company’s stock valued at $65,000 after buying an additional 286 shares in the last quarter.

Insider Activity

In other news, Chairman Peter Starrett sold 6,498 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $190.00, for a total value of $1,234,620.00. Following the sale, the chairman directly owned 9,599 shares of the company’s stock, valued at $1,823,810. The trade was a 40.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gene Eddie Burt sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $191.41, for a total value of $229,692.00. Following the transaction, the director directly owned 3,338 shares of the company’s stock, valued at approximately $638,926.58. This trade represents a 26.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.66% of the company’s stock.

Boot Barn Trading Down 1.9%

Shares of BOOT opened at $203.94 on Friday. The firm’s 50-day moving average price is $187.29 and its 200-day moving average price is $175.40. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 1.69 and a beta of 1.59. Boot Barn Holdings, Inc. has a 1-year low of $86.17 and a 1-year high of $210.25.

Boot Barn (NYSE:BOOT) last released its earnings results on Wednesday, October 29th. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. The company had revenue of $505.40 million during the quarter, compared to analysts’ expectations of $493.70 million. Boot Barn had a return on equity of 18.11% and a net margin of 10.05%.The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 EPS. 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. On average, research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on BOOT. TD Cowen lifted their price target on shares of Boot Barn from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Piper Sandler reiterated an “overweight” rating and issued a $220.00 price objective (up previously from $218.00) on shares of Boot Barn in a report on Thursday, October 30th. JPMorgan Chase & Co. raised their price target on Boot Barn from $276.00 to $282.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Cowen reissued a “buy” rating on shares of Boot Barn in a research note on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Boot Barn in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Boot Barn currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.00.

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.