Landscape Capital Management L.L.C. Trims Position in Boot Barn Holdings, Inc. $BOOT

Landscape Capital Management L.L.C. lowered its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 32.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 41,888 shares of the company’s stock after selling 20,388 shares during the quarter. Landscape Capital Management L.L.C. owned approximately 0.14% of Boot Barn worth $6,942,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Invesco Ltd. lifted its stake in shares of Boot Barn by 46.3% during the 3rd quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock worth $152,033,000 after purchasing an additional 290,493 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Boot Barn by 2.9% during the second quarter. Geode Capital Management LLC now owns 726,936 shares of the company’s stock worth $110,508,000 after purchasing an additional 20,549 shares during the last quarter. Marshall Wace LLP grew its position in shares of Boot Barn by 63.3% in the second quarter. Marshall Wace LLP now owns 655,923 shares of the company’s stock valued at $99,700,000 after purchasing an additional 254,296 shares during the period. Franklin Resources Inc. increased its stake in Boot Barn by 20.3% in the second quarter. Franklin Resources Inc. now owns 578,654 shares of the company’s stock valued at $87,955,000 after purchasing an additional 97,635 shares during the last quarter. Finally, Congress Asset Management Co. increased its stake in Boot Barn by 22.0% in the third quarter. Congress Asset Management Co. now owns 560,063 shares of the company’s stock valued at $92,814,000 after purchasing an additional 100,910 shares during the last quarter.

Boot Barn Trading Down 1.4%

Shares of Boot Barn stock traded down $2.28 during trading hours on Friday, reaching $165.07. The stock had a trading volume of 33,668 shares, compared to its average volume of 645,168. The firm has a 50 day simple moving average of $188.38 and a two-hundred day simple moving average of $185.53. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 23.38, a P/E/G ratio of 1.20 and a beta of 1.66. 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 issued its earnings results on Wednesday, February 4th. The company reported $2.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.79. The business had revenue of $705.64 million during the quarter, compared to analysts’ expectations of $700.71 million. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.43 EPS. Boot Barn has set its FY 2026 guidance at 7.250-7.350 EPS and its Q4 2026 guidance at 1.350-1.450 EPS. Sell-side analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BOOT. Jefferies Financial Group raised their price target on Boot Barn from $180.00 to $195.00 and gave the stock a “hold” rating in a research note on Monday, January 12th. Stephens raised shares of Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 price objective for the company in a research note on Friday, February 6th. UBS Group increased their price objective on shares of Boot Barn from $265.00 to $267.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Citigroup boosted their target price on shares of Boot Barn from $230.00 to $232.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, Zacks Research raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.00.

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.