Summit Creek Advisors LLC Sells 24,667 Shares of Boot Barn Holdings, Inc. $BOOT

Summit Creek Advisors LLC lessened its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 19.7% in the third quarter, Holdings Channel reports. The fund owned 100,370 shares of the company’s stock after selling 24,667 shares during the quarter. Boot Barn comprises 2.4% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. Summit Creek Advisors LLC’s holdings in Boot Barn were worth $16,633,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BOOT. ORG Partners LLC bought a new stake in shares of Boot Barn during the 3rd quarter valued at about $25,000. Bessemer Group Inc. lifted 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 purchasing an additional 106 shares during the period. Maseco LLP purchased a new position in shares of Boot Barn in the second quarter worth approximately $40,000. Salomon & Ludwin LLC bought a new stake in Boot Barn during the third quarter valued at approximately $42,000. Finally, Independence Bank of Kentucky bought a new stake in Boot Barn during the third quarter valued at approximately $46,000.

Boot Barn Stock Performance

BOOT opened at $195.83 on Monday. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 28.97, a price-to-earnings-growth ratio of 1.59 and a beta of 1.61. The firm’s fifty day moving average is $189.34 and its 200 day moving average is $179.55. Boot Barn Holdings, Inc. has a fifty-two week low of $86.17 and a fifty-two week high of $210.25.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.11. Boot Barn had a return on equity of 18.11% and a net margin of 10.05%.The business had revenue of $505.40 million during the quarter, compared to analyst estimates of $493.70 million. During the same quarter in the prior year, the business posted $0.95 EPS. Boot Barn’s revenue for the quarter 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 and its FY 2026 guidance at 6.750-7.150 EPS. On average, equities research analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BOOT has been the topic of several recent research reports. Zacks Research downgraded shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Cowen reaffirmed a “buy” rating on shares of Boot Barn in a report on Thursday, October 30th. Piper Sandler reiterated an “overweight” rating and set a $220.00 target price (up from $218.00) on shares of Boot Barn in a research report on Thursday, October 30th. TD Cowen boosted their price target on Boot Barn from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, BTIG Research raised their price objective on Boot Barn from $218.00 to $226.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $199.31.

Insider Activity

In other Boot Barn news, Director Gene Eddie Burt sold 1,200 shares of the company’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 transaction, the director directly owned 3,338 shares in the company, valued at $638,926.58. This represents a 26.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Peter Starrett sold 6,498 shares of Boot Barn stock in a transaction that occurred 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 sale, the chairman owned 9,599 shares in the company, valued at approximately $1,823,810. The trade was a 40.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.66% of the company’s stock.

Boot Barn Company Profile

Boot Barn, Inc is a leading specialty retailer focused on western and work-related footwear, apparel and accessories. The company operates full-price and outlet retail stores under the Boot Barn and BootBarn.com brands, offering a wide assortment of cowboy boots, work boots, casual and fashion footwear, western and work apparel, hats, belts and related accessories. In addition to its brick-and-mortar network, Boot Barn maintains an e-commerce platform to serve customers seeking ranch-and-rodeo style clothing and rugged workwear from coast to coast.

Founded in 1978 in Southern California, Boot Barn began as a single store catering to ranchers, farmworkers and western enthusiasts.