Artemis Investment Management LLP Trims Stock Position in Boot Barn Holdings, Inc. $BOOT

Key Points

• Artemis Investment Management cut its stake in Boot Barn by 29.1% in Q4, selling 50,588 shares and retaining 122,995 shares (about 0.40% ownership) valued at $21.7 million.
• Boot Barn reported Q4 results that met expectations (EPS $2.79; revenue $705.6M, +16% YoY), issued FY2026 guidance of 7.25–7.35 EPS, and carries a consensus analyst rating of Moderate Buy with a $224.25 target.

Artemis Investment Management LLP lowered its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 29.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 122,995 shares of the company's stock after selling 50,588 shares during the period. Artemis Investment Management LLP owned about 0.40% of Boot Barn worth $21,705,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BOOT. Campbell Newman Asset Management Inc. grew its position in shares of Boot Barn by 0.5% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 12,944 shares of the company's stock valued at $2,145,000 after acquiring an additional 60 shares during the period. Park Avenue Securities LLC boosted its holdings in Boot Barn by 2.4% in the 3rd quarter. Park Avenue Securities LLC now owns 2,826 shares of the company's stock worth $468,000 after buying an additional 66 shares during the last quarter. Koshinski Asset Management Inc. boosted its holdings in shares of Boot Barn by 5.3% during the 3rd quarter. Koshinski Asset Management Inc. now owns 1,538 shares of the company's stock worth $255,000 after purchasing an additional 78 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Boot Barn by 0.9% during the 3rd quarter. Amalgamated Bank now owns 8,755 shares of the company's stock worth $1,451,000 after purchasing an additional 79 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Boot Barn by 9.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 928 shares of the company's stock worth $154,000 after purchasing an additional 80 shares during the last quarter.

Boot Barn Price Performance

NYSE:BOOT opened at $171.44 on Friday. The firm has a market capitalization of $5.22 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 1.04 and a beta of 1.73. The business's fifty day moving average price is $165.51 and its 200 day moving average price is $181.10. Boot Barn Holdings, Inc. has a 12 month low of $108.32 and a 12 month high of $210.25.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Jefferies Financial Group raised shares of Boot Barn from a "hold" rating to a "buy" rating and set a $195.00 price target on the stock in a research report on Monday, April 6th. Weiss Ratings lowered shares of Boot Barn from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, March 4th. Zacks Research lowered Boot Barn from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 12th. Citigroup boosted their target price on Boot Barn from $230.00 to $232.00 and gave the company a "buy" rating in a research report on Thursday, February 5th. Finally, Piper Sandler boosted their target price on Boot Barn from $229.00 to $230.00 and gave the company an "overweight" rating in a research report on Thursday, February 5th. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Boot Barn has a consensus rating of "Moderate Buy" and a consensus target price of $224.25.

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.

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