Fox Run Management L.L.C. Reduces Holdings in Boot Barn Holdings, Inc. $BOOT

Fox Run Management L.L.C. reduced its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 75.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 4,384 shares of the company’s stock after selling 13,424 shares during the quarter. Fox Run Management L.L.C.’s holdings in Boot Barn were worth $727,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. TD Asset Management Inc purchased a new stake in shares of Boot Barn in the 3rd quarter valued at about $1,160,000. Koshinski Asset Management Inc. lifted its stake in Boot Barn by 5.3% in the third quarter. Koshinski Asset Management Inc. now owns 1,538 shares of the company’s stock valued at $255,000 after buying an additional 78 shares during the last quarter. Alliance Wealth Advisors LLC UT acquired a new stake in shares of Boot Barn in the third quarter valued at approximately $607,000. OneDigital Investment Advisors LLC acquired a new stake in shares of Boot Barn in the third quarter valued at approximately $203,000. Finally, Mitsubishi UFJ Asset Management UK Ltd. grew its position in shares of Boot Barn by 33.3% during the third quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 4,000 shares of the company’s stock worth $663,000 after acquiring an additional 1,000 shares during the last quarter.

Boot Barn Stock Down 4.3%

NYSE BOOT opened at $188.79 on Friday. The stock has a market capitalization of $5.74 billion, a P/E ratio of 26.51, a P/E/G ratio of 1.40 and a beta of 1.67. Boot Barn Holdings, Inc. has a 52-week low of $86.17 and a 52-week high of $210.25. The firm has a 50-day moving average price of $189.33 and a 200 day moving average price of $184.89.

Boot Barn (NYSE:BOOT) last released its earnings results on Wednesday, February 4th. The company reported $2.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.79. The company had revenue of $705.64 million for 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 firm’s quarterly revenue 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. On average, equities research analysts expect that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Analyst Ratings Changes

BOOT has been the subject of several research reports. Zacks Research upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. BTIG Research restated a “buy” rating and issued a $235.00 price objective on shares of Boot Barn in a research note on Thursday, February 5th. UBS Group increased their target price on shares of Boot Barn from $265.00 to $267.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Piper Sandler boosted their price target on Boot Barn from $229.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Finally, Citigroup upped their price objective on Boot Barn from $230.00 to $232.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $217.00.

Insiders Place Their Bets

In other Boot Barn news, Director Gene Eddie Burt sold 1,200 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $191.41, for a total value of $229,692.00. Following the completion of the transaction, the director owned 3,338 shares in the company, valued at approximately $638,926.58. This represents a 26.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.66% of the stock is owned by corporate insiders.

About Boot Barn

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.