Aberdeen Group plc Sells 13,022 Shares of Boot Barn Holdings, Inc. $BOOT

Aberdeen Group plc trimmed its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 8.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 147,705 shares of the company’s stock after selling 13,022 shares during the quarter. Aberdeen Group plc’s holdings in Boot Barn were worth $24,501,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assetmark Inc. increased its position in shares of Boot Barn by 4.3% during the third quarter. Assetmark Inc. now owns 9,449 shares of the company’s stock worth $1,566,000 after purchasing an additional 391 shares in the last quarter. Public Sector Pension Investment Board grew its stake in Boot Barn by 14.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 119,177 shares of the company’s stock worth $19,750,000 after buying an additional 14,836 shares during the last quarter. Azzad Asset Management Inc. ADV increased its position in Boot Barn by 0.5% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 21,919 shares of the company’s stock valued at $3,632,000 after buying an additional 104 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Boot Barn by 9.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 928 shares of the company’s stock valued at $154,000 after buying an additional 80 shares in the last quarter. Finally, Alps Advisors Inc. purchased a new stake in Boot Barn in the third quarter valued at about $428,000.

Boot Barn Stock Performance

NYSE:BOOT opened at $197.32 on Wednesday. The firm’s fifty day moving average is $189.88 and its two-hundred day moving average is $183.55. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 1.33 and a beta of 1.67. Boot Barn Holdings, Inc. has a one year low of $86.17 and a one year high of $210.25.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $2.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.79. The business had revenue of $705.64 million during the quarter, compared to analysts’ expectations of $700.71 million. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous 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. As a group, equities research analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Insider Activity at Boot Barn

In related news, Director Gene Eddie Burt sold 1,200 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $191.41, for a total transaction of $229,692.00. Following the sale, the director directly owned 3,338 shares of the company’s stock, valued at approximately $638,926.58. This represents a 26.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.66% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Zacks Research upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Citigroup upped their price target on shares of Boot Barn from $230.00 to $232.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. TD Cowen reaffirmed a “buy” rating on shares of Boot Barn in a report on Thursday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of Boot Barn from $276.00 to $282.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Finally, UBS Group raised their target price on Boot Barn from $265.00 to $267.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Boot Barn has a consensus rating of “Moderate Buy” and an average target price of $217.00.

Boot Barn Company 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.