Swiss National Bank Trims Holdings in Boot Barn Holdings, Inc. $BOOT

Swiss National Bank reduced its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 58,400 shares of the company’s stock after selling 800 shares during the period. Swiss National Bank’s holdings in Boot Barn were worth $8,877,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of BOOT. Nuveen LLC acquired a new stake in shares of Boot Barn during the first quarter worth about $38,387,000. Westwood Holdings Group Inc. acquired a new stake in Boot Barn during the 2nd quarter worth approximately $34,790,000. Fiera Capital Corp acquired a new stake in Boot Barn during the 2nd quarter worth approximately $33,686,000. Invesco Ltd. grew its stake in shares of Boot Barn by 24.8% in the 1st quarter. Invesco Ltd. now owns 903,453 shares of the company’s stock valued at $97,058,000 after purchasing an additional 179,710 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Boot Barn by 42.1% in the first quarter. Ameriprise Financial Inc. now owns 503,619 shares of the company’s stock valued at $54,110,000 after purchasing an additional 149,115 shares during the period.

Insider Activity at Boot Barn

In other news, Chairman Peter Starrett sold 6,498 shares of the firm’s 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 completion of the transaction, the chairman directly owned 9,599 shares of the company’s stock, valued at $1,823,810. This trade represents a 40.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.66% of the stock is owned by corporate insiders.

Boot Barn Stock Down 0.1%

Shares of BOOT stock opened at $193.82 on Friday. The stock has a market cap of $5.91 billion, a P/E ratio of 28.67, a P/E/G 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 business has a fifty day simple moving average of $181.07 and a 200-day simple moving average of $172.42.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data 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 net margin of 10.05% and a return on equity of 18.41%. The business had revenue of $505.40 million for the quarter, compared to analyst estimates of $493.70 million. During the same period in the previous year, the firm earned $0.95 EPS. The business’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. FY 2026 guidance at 6.750-7.150 EPS. On average, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BOOT. UBS Group increased 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. JPMorgan Chase & Co. upped their price objective 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. Zacks Research raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. TD Cowen boosted 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. Finally, BTIG Research increased their price target on shares of Boot Barn from $218.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $195.75.

About Boot Barn

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.