Quantbot Technologies LP Sells 34,058 Shares of Boot Barn Holdings, Inc. $BOOT

Quantbot Technologies LP lowered its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 78.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,265 shares of the company’s stock after selling 34,058 shares during the quarter. Quantbot Technologies LP’s holdings in Boot Barn were worth $1,535,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BOOT. ORG Partners LLC purchased a new stake in shares of Boot Barn in the third quarter worth about $25,000. Bessemer Group Inc. grew its holdings in Boot Barn by 134.2% during the 2nd quarter. Bessemer Group Inc. now owns 185 shares of the company’s stock valued at $28,000 after buying an additional 106 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Boot Barn by 164.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 193 shares of the company’s stock worth $32,000 after acquiring an additional 120 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of Boot Barn during the 3rd quarter worth approximately $42,000. Finally, Independence Bank of Kentucky bought a new position in shares of Boot Barn during the 3rd quarter valued at approximately $46,000.

Wall Street Analyst Weigh In

BOOT has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on shares of Boot Barn from $276.00 to $282.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Jefferies Financial Group lifted their price objective on shares of Boot Barn from $180.00 to $195.00 and gave the stock a “hold” rating in a research note on Monday, January 12th. UBS Group boosted their target price 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. The Goldman Sachs Group began coverage on shares of Boot Barn in a report on Thursday, December 11th. They issued a “buy” rating and a $225.00 price target for the company. Finally, Piper Sandler boosted their price objective on Boot Barn from $229.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $217.00.

Boot Barn Trading Up 0.4%

Shares of NYSE:BOOT opened at $185.03 on Friday. Boot Barn Holdings, Inc. has a 12 month low of $86.17 and a 12 month high of $210.25. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 1.31 and a beta of 1.66. The firm’s 50-day moving average is $189.06 and its 200 day moving average is $185.41.

Boot Barn (NYSE:BOOT) last announced its earnings results on Wednesday, February 4th. The company reported $2.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.79. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The business had revenue of $705.64 million during the quarter, compared to analyst estimates of $700.71 million. During the same quarter in the previous year, the business earned $2.43 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. 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. As a group, equities analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

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.