Gilder Gagnon Howe & Co. LLC Sells 6,663 Shares of Boot Barn Holdings, Inc. $BOOT

Gilder Gagnon Howe & Co. LLC trimmed its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 456,256 shares of the company’s stock after selling 6,663 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned approximately 1.49% of Boot Barn worth $69,351,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. grew its holdings in Boot Barn by 3.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 51,755 shares of the company’s stock valued at $7,867,000 after purchasing an additional 1,666 shares during the period. Whittier Trust Co. raised its stake in shares of Boot Barn by 2.6% in the second quarter. Whittier Trust Co. now owns 102,538 shares of the company’s stock worth $15,586,000 after buying an additional 2,613 shares during the period. Parallel Advisors LLC lifted its position in shares of Boot Barn by 512.6% during the 2nd quarter. Parallel Advisors LLC now owns 533 shares of the company’s stock valued at $81,000 after buying an additional 446 shares in the last quarter. Jump Financial LLC bought a new position in shares of Boot Barn during the 1st quarter valued at approximately $5,363,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Boot Barn during the 2nd quarter valued at approximately $239,000.

Insider Activity

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

Boot Barn Stock Performance

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

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. The company had revenue of $505.40 million for the quarter, compared to the consensus estimate of $493.70 million. Boot Barn had a net margin of 10.05% and a return on equity of 18.11%. Boot Barn’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the previous year, the firm 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 predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on BOOT shares. TD Cowen raised their target price 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. BTIG Research increased their price objective on shares of Boot Barn from $218.00 to $226.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Boot Barn in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on shares of Boot Barn from $276.00 to $282.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $220.00 price target (up previously from $218.00) on shares of Boot Barn in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Boot Barn presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.00.

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.