Verus Capital Partners LLC Takes Position in Boot Barn Holdings, Inc. $BOOT

Verus Capital Partners LLC purchased a new position in Boot Barn Holdings, Inc. during the 2nd quarter, acquiring 1,750 shares valued at approximately $266,000. Other institutional investors also made changes to their positions. Boot Barn's stock opened at $178.65, with a market cap of $5.45 billion. The company reported strong earnings and revenue growth, with analysts setting new price targets and ratings. Chairman Peter Starrett sold 6,498 shares. Boot Barn operates specialty retail stores in the U.S.

Verus Capital Partners LLC purchased a new position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,750 shares of the company's stock, valued at approximately $266,000.

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Other institutional investors and hedge funds have also made changes to their positions in the company. Bessemer Group Inc. raised its position in shares of 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. Maseco LLP purchased a new position in Boot Barn during the second quarter worth $40,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Boot Barn in the first quarter valued at $44,000. Bayforest Capital Ltd purchased a new position in shares of Boot Barn during the 1st quarter worth about $48,000. Finally, Parallel Advisors LLC grew its holdings in 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 purchasing an additional 446 shares during the last quarter.

Boot Barn Stock Down 2.9%

Shares of NYSE:BOOT opened at $178.65 on Thursday. The business's 50 day moving average is $181.03 and its 200 day moving average is $166.71. The stock has a market cap of $5.45 billion, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 1.94 and a beta of 1.67. Boot Barn Holdings, Inc. has a 52-week low of $86.17 and a 52-week high of $205.31.

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Boot Barn (NYSE:BOOT - Get Free Report) last issued its earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.11. Boot Barn had a return on equity of 18.41% and a net margin of 10.05%.The business had revenue of $505.40 million during the quarter, compared to analysts' expectations of $493.70 million. During the same period in the prior year, the business 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 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on BOOT shares. Weiss Ratings restated a "hold (c+)" rating on shares of Boot Barn in a research report on Wednesday, October 8th. BTIG Research raised their price target on Boot Barn from $218.00 to $226.00 and gave the stock a "buy" rating in a research note on Thursday, October 30th. TD Cowen upped their price objective on Boot Barn from $210.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. increased their target price on Boot Barn from $276.00 to $282.00 and gave the stock an "overweight" rating in a research note on Thursday, November 6th. Finally, Zacks Research raised shares of Boot Barn from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $195.75.

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Insiders Place Their Bets

In other news, 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 value 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 approximately $1,823,810. The trade was a 40.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.66% of the stock is currently owned by corporate insiders.

Boot Barn Company Profile

(Free Report)

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.

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