14,824 Shares in Boot Barn Holdings, Inc. $BOOT Purchased by Asset Management One Co. Ltd.

Key Points

• Asset Management One established a new Q4 position in Boot Barn (NYSE:BOOT) of 14,824 shares, worth about $2.64 million.
• Broad institutional buying: Balyasny, Invesco and Principal substantially increased stakes (Balyasny to 471,192 shares, Invesco to 917,406, Principal to 352,816) and Wedge Capital and Scopus opened large new positions valued at roughly $31.1M and $21.6M respectively.
• Boot Barn reported Q results with $2.79 EPS (in line with estimates) and revenue of $705.6M (+16% y/y), set FY2026 EPS guidance of 7.25–7.35, and trades around $163 with a consensus analyst target of $224.25 (Moderate Buy).

Asset Management One Co. Ltd. purchased a new position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,824 shares of the company's stock, valued at approximately $2,644,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BOOT. Balyasny Asset Management L.P. increased its stake in shares of Boot Barn by 2,547.7% during the third quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company's stock valued at $78,086,000 after purchasing an additional 453,396 shares in the last quarter. Invesco Ltd. increased its stake in shares of Boot Barn by 46.3% during the third quarter. Invesco Ltd. now owns 917,406 shares of the company's stock valued at $152,033,000 after purchasing an additional 290,493 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Boot Barn by 132.4% during the third quarter. Principal Financial Group Inc. now owns 352,816 shares of the company's stock valued at $58,469,000 after purchasing an additional 201,026 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in shares of Boot Barn during the fourth quarter valued at approximately $31,113,000. Finally, Scopus Asset Management L.P. bought a new position in shares of Boot Barn during the third quarter valued at approximately $21,573,000.

Boot Barn Stock Down 1.0%

NYSE:BOOT opened at $163.12 on Friday. The company's 50 day moving average price is $167.92 and its 200-day moving average price is $181.04. Boot Barn Holdings, Inc. has a 52 week low of $96.36 and a 52 week high of $210.25. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 1.00 and a beta of 1.75.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $2.79 EPS for the quarter, meeting analysts' consensus estimates of $2.79. Boot Barn had a net margin of 10.10% and a return on equity of 18.28%. The firm had revenue of $705.64 million for the quarter, compared to analysts' expectations of $700.71 million. During the same quarter in the prior year, the company posted $2.43 earnings per share. The business's revenue for the quarter was up 16.0% on a year-over-year basis. 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, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 7.33 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BOOT. Zacks Research downgraded shares of Boot Barn from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 12th. Weiss Ratings downgraded shares of Boot Barn from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, March 4th. Citigroup increased their price target on shares of Boot Barn from $230.00 to $232.00 and gave the company a "buy" rating in a report on Thursday, February 5th. Piper Sandler increased their price target on shares of Boot Barn from $229.00 to $230.00 and gave the company an "overweight" rating in a report on Thursday, February 5th. Finally, BTIG Research reiterated a "buy" rating and set a $235.00 price target on shares of Boot Barn in a report on Thursday, February 5th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $224.25.

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.

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