Boot Barn Holdings, Inc. $BOOT Shares Sold by North Star Investment Management Corp.

Key Points

• North Star Investment Management Corp. reduced its stake in Boot Barn by 8% in Q2, currently holding 45,900 shares valued at approximately $6.98 million.
• Boot Barn reported Q2 earnings of $1.74 per share, surpassing estimates of $1.55, and experienced a revenue increase of 19.1% year-over-year, totaling $504.07 million.
• Recent analyst ratings show a consensus of a "Moderate Buy" with an average price target of $182.54, reflecting optimism from multiple brokerages regarding Boot Barn's potential performance.

North Star Investment Management Corp. decreased its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 8.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,900 shares of the company's stock after selling 4,000 shares during the quarter. North Star Investment Management Corp. owned 0.15% of Boot Barn worth $6,977,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its holdings in Boot Barn by 2,727.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,805 shares of the company's stock worth $1,186,000 after purchasing an additional 7,529 shares during the period. Maseco LLP acquired a new position in shares of Boot Barn during the second quarter valued at approximately $40,000. GAMMA Investing LLC raised its holdings in shares of Boot Barn by 252.4% during the second quarter. GAMMA Investing LLC now owns 1,378 shares of the company's stock valued at $209,000 after acquiring an additional 987 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of Boot Barn by 40.6% during the second quarter. Park Avenue Securities LLC now owns 2,760 shares of the company's stock valued at $420,000 after acquiring an additional 797 shares during the last quarter. Finally, Sowell Financial Services LLC acquired a new position in shares of Boot Barn during the second quarter valued at approximately $341,000.

Boot Barn Price Performance

BOOT stock opened at $168.16 on Thursday. The business has a 50 day simple moving average of $174.33 and a 200-day simple moving average of $146.40. The firm has a market capitalization of $5.14 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 1.74 and a beta of 1.62. Boot Barn Holdings, Inc. has a 1 year low of $86.17 and a 1 year high of $191.31.

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. The business had revenue of $504.07 million during the quarter, compared to analyst estimates of $489.49 million. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.The business's revenue was up 19.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.26 earnings per share. Boot Barn has set its Q2 2026 guidance at 1.190-1.270 EPS. FY 2026 guidance at 5.800-6.700 EPS. On average, equities research analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BOOT. BTIG Research increased their target price on Boot Barn from $200.00 to $218.00 and gave the company a "buy" rating in a report on Friday, August 1st. Jefferies Financial Group cut Boot Barn from a "buy" rating to a "hold" rating and reduced their target price for the company from $187.00 to $175.00 in a report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their target price on Boot Barn from $207.00 to $247.00 and gave the company an "overweight" rating in a report on Monday, July 28th. KeyCorp increased their target price on Boot Barn from $195.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Cowen reissued a "buy" rating on shares of Boot Barn in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.