Boot Barn Holdings, Inc. $BOOT Shares Sold by Advantage Alpha Capital Partners LP

Key Points

• Advantage Alpha Capital Partners LP reduced its stake in Boot Barn Holdings by 21.2%, owning 25,463 shares worth approximately $2.735 million following the sale of 6,852 shares in the last quarter.
• Boot Barn reported earnings per share (EPS) of $1.74 for the last quarter, exceeding analysts' expectations of $1.55, with a 19.1% increase in quarterly revenue year-over-year.
• The company has authorized a stock buyback program of up to $200 million, indicating a belief by the board that the shares are undervalued.

Advantage Alpha Capital Partners LP cut its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 21.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,463 shares of the company's stock after selling 6,852 shares during the quarter. Advantage Alpha Capital Partners LP owned 0.08% of Boot Barn worth $2,735,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers raised its holdings in shares of Boot Barn by 1.0% in the fourth quarter. Cetera Investment Advisers now owns 8,179 shares of the company's stock worth $1,242,000 after acquiring an additional 83 shares during the last quarter. Coldstream Capital Management Inc. grew its position in shares of Boot Barn by 7.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,367 shares of the company's stock valued at $208,000 after purchasing an additional 97 shares during the period. Park Avenue Securities LLC grew its position in shares of Boot Barn by 5.7% in the first quarter. Park Avenue Securities LLC now owns 1,963 shares of the company's stock valued at $211,000 after purchasing an additional 105 shares during the period. Xponance Inc. grew its position in shares of Boot Barn by 5.5% in the first quarter. Xponance Inc. now owns 2,292 shares of the company's stock valued at $246,000 after purchasing an additional 120 shares during the period. Finally, Intrust Bank NA grew its position in shares of Boot Barn by 3.4% in the first quarter. Intrust Bank NA now owns 4,702 shares of the company's stock valued at $505,000 after purchasing an additional 153 shares during the period.

Boot Barn Trading Up 0.6%

BOOT stock opened at $169.7560 on Friday. The stock has a 50-day moving average price of $166.17 and a two-hundred day moving average price of $138.17. Boot Barn Holdings, Inc. has a 12-month low of $86.17 and a 12-month high of $183.60. The company has a market cap of $5.19 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 1.71 and a beta of 1.76.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.19. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.The firm had revenue of $504.07 million during the quarter, compared to the consensus estimate of $489.49 million. During the same quarter in the previous year, the business earned $1.26 earnings per share. The firm's quarterly revenue was up 19.1% compared to the same quarter last year. Boot Barn has set its Q2 2026 guidance at 1.190-1.270 EPS. FY 2026 guidance at 5.800-6.700 EPS. Equities analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Boot Barn announced that its Board of Directors has authorized a stock buyback program on Wednesday, May 14th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to buy up to 4.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

BOOT has been the subject of a number of recent analyst reports. Piper Sandler lifted their price objective on Boot Barn from $184.00 to $185.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. BTIG Research lifted their price objective on Boot Barn from $200.00 to $218.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Robert W. Baird lifted their price objective on Boot Barn from $140.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Bank of America lifted their price objective on Boot Barn from $160.00 to $173.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, JPMorgan Chase & Co. lifted their price objective on Boot Barn from $207.00 to $247.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $182.54.

Boot Barn Profile

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.

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