Ranger Investment Management L.P. Trims Holdings in Boot Barn Holdings, Inc. $BOOT

Ranger Investment Management L.P. lowered its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 2.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 184,345 shares of the company’s stock after selling 4,825 shares during the quarter. Boot Barn accounts for about 2.1% of Ranger Investment Management L.P.’s investment portfolio, making the stock its 13th largest position. Ranger Investment Management L.P.’s holdings in Boot Barn were worth $30,550,000 at the end of the most recent reporting period.

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

Insider Activity at Boot Barn

In related news, Director Gene Eddie Burt sold 1,200 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $191.41, for a total transaction of $229,692.00. Following the completion of the transaction, the director owned 3,338 shares in the company, valued at $638,926.58. This represents a 26.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.66% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BOOT shares. BTIG Research reissued a “buy” rating and set a $235.00 price objective on shares of Boot Barn in a research note on Thursday. Zacks Research raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Piper Sandler boosted their price objective on shares of Boot Barn from $229.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday. TD Cowen restated a “buy” rating on shares of Boot Barn in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. lifted their price target on Boot Barn from $276.00 to $282.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $216.85.

Boot Barn Trading Up 8.5%

Shares of BOOT opened at $198.76 on Friday. The firm has a market cap of $6.06 billion, a P/E ratio of 27.36, a PEG ratio of 1.36 and a beta of 1.67. Boot Barn Holdings, Inc. has a 12 month low of $86.17 and a 12 month high of $210.25. The stock’s 50 day moving average is $190.56 and its two-hundred day moving average is $182.29.

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 analysts’ consensus estimates of $2.79. The firm had revenue of $705.64 million for the quarter, compared to analyst estimates of $700.71 million. Boot Barn had a return on equity of 18.73% and a net margin of 10.10%.The business’s revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.43 EPS. 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. Equities research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Boot Barn 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.