Aberdeen Group plc Grows Stake in Boot Barn Holdings, Inc. $BOOT

Key Points

• Aberdeen Group plc raised its stake in Boot Barn by 15.4% in Q4 to 170,443 shares (about 0.56% of the company) after buying 22,738 shares, while other institutions like Balyasny, Invesco and Marshall Wace also substantially increased positions, indicating rising institutional interest.
• Sell‑side analysts show a consensus of “Moderate Buy” (12 Buys, 3 Holds) with a consensus target price of $217, and several firms (Goldman Sachs, BTIG, UBS) maintaining or raising buy ratings and price targets.
• Boot Barn reported Q results with EPS $2.79 (in line) and revenue $705.6M (+16% YoY), and set FY 2026 guidance of EPS 7.25–7.35 and Q4 guidance of 1.35–1.45, reflecting continued growth momentum.

Aberdeen Group plc increased its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 170,443 shares of the company's stock after purchasing an additional 22,738 shares during the quarter. Aberdeen Group plc owned approximately 0.56% of Boot Barn worth $30,078,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Balyasny Asset Management L.P. grew its holdings 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 worth $78,086,000 after purchasing an additional 453,396 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Boot Barn by 46.3% in the 3rd 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 during the last quarter. Marshall Wace LLP lifted its holdings in shares of Boot Barn by 63.3% in the 2nd quarter. Marshall Wace LLP now owns 655,923 shares of the company's stock valued at $99,700,000 after purchasing an additional 254,296 shares during the last quarter. Westwood Holdings Group Inc. acquired a new stake in shares of Boot Barn in the 2nd quarter valued at about $34,790,000. Finally, Principal Financial Group Inc. boosted its position in shares of Boot Barn by 132.4% in the 3rd 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 during the period.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Weiss Ratings lowered Boot Barn from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, March 4th. The Goldman Sachs Group initiated coverage on Boot Barn in a report on Thursday, December 11th. They issued a "buy" rating and a $225.00 price objective for the company. Jefferies Financial Group lifted their target price on shares of Boot Barn from $180.00 to $195.00 and gave the company a "hold" rating in a report on Monday, January 12th. BTIG Research reiterated a "buy" rating and issued a $235.00 price target on shares of Boot Barn in a research report on Thursday, February 5th. Finally, UBS Group increased their price target 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. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $217.00.

Boot Barn Stock Up 0.1%

BOOT opened at $135.30 on Friday. Boot Barn Holdings, Inc. has a 52 week low of $86.17 and a 52 week high of $210.25. The business has a 50 day moving average price of $175.61 and a two-hundred day moving average price of $182.38. The company has a market cap of $4.12 billion, a PE ratio of 19.00, a P/E/G ratio of 0.82 and a beta of 1.75.

Boot Barn (NYSE:BOOT - Get Free Report) last released 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 business 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 18.28% and a net margin of 10.10%.The company's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.43 earnings per share. 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 expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal 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.

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