Peter Starrett Sells 6,498 Shares of Boot Barn (NYSE:BOOT) Stock

Boot Barn Holdings, Inc. (NYSE:BOOT) Chairman Peter Starrett sold 6,498 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $190.00, for a total transaction of $1,234,620.00. Following the completion of the sale, the chairman directly owned 9,599 shares in the company, valued at approximately $1,823,810. This represents a 40.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Boot Barn Price Performance

BOOT stock traded down $6.00 during trading hours on Tuesday, reaching $185.17. The stock had a trading volume of 732,930 shares, compared to its average volume of 805,255. The stock has a market capitalization of $5.66 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 1.94 and a beta of 1.61. The stock has a 50-day simple moving average of $180.10 and a 200 day simple moving average of $162.85. Boot Barn Holdings, Inc. has a fifty-two week low of $86.17 and a fifty-two week high of $205.31.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.11. The company had revenue of $505.40 million for the quarter, compared to analyst estimates of $493.70 million. Boot Barn had a net margin of 10.05% and a return on equity of 18.41%. The company’s revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 earnings per share. 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 forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BOOT. Nuveen LLC acquired a new position in shares of Boot Barn in the 1st quarter worth approximately $38,387,000. Marshall Wace LLP lifted its position in shares of Boot Barn by 63.3% during the 2nd quarter. Marshall Wace LLP now owns 655,923 shares of the company’s stock valued at $99,700,000 after acquiring an additional 254,296 shares during the period. Westwood Holdings Group Inc. acquired a new position in shares of Boot Barn during the 2nd quarter valued at $34,790,000. Fiera Capital Corp acquired a new position in shares of Boot Barn during the 2nd quarter valued at $33,686,000. Finally, Principal Financial Group Inc. lifted its position in shares of Boot Barn by 132.4% during the 3rd quarter. Principal Financial Group Inc. now owns 352,816 shares of the company’s stock valued at $58,469,000 after acquiring an additional 201,026 shares during the period.

Analyst Ratings Changes

BOOT has been the topic of a number of analyst reports. UBS Group increased their price objective on shares of Boot Barn from $241.00 to $248.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. TD Cowen raised their price target on shares of Boot Barn from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. KeyCorp raised their price target on shares of Boot Barn from $195.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Zacks Research upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Finally, BTIG Research raised their price target on shares of Boot Barn from $218.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. One research 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 company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $195.25.

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.