Boot Barn Holdings, Inc. $BOOT Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP reduced its stake in Boot Barn Holdings by 43.6%, selling 942,396 shares, and now owns approximately 1.22 million shares worth $130.92 million.
• Boot Barn's stock has seen positive analyst activity, with multiple brokerages raising their price targets, with JPMorgan Chase & Co. increasing their target to $247.00.
• The company's latest earnings report exceeded expectations, with $1.74 EPS compared to estimates of $1.55, and a revenue increase of 19.1% year-over-year, leading to guidance for Q2 2026 between $1.190-1.270 EPS.

Wellington Management Group LLP lowered its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 43.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,218,656 shares of the company's stock after selling 942,396 shares during the quarter. Wellington Management Group LLP owned 3.98% of Boot Barn worth $130,920,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BOOT. Opal Wealth Advisors LLC purchased a new stake in shares of Boot Barn in the 1st quarter worth $29,000. Golden State Wealth Management LLC lifted its holdings in shares of Boot Barn by 263.6% in the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the company's stock worth $30,000 after buying an additional 203 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Boot Barn by 210.8% in the 1st quarter. Versant Capital Management Inc now owns 317 shares of the company's stock worth $34,000 after buying an additional 215 shares during the period. Bayforest Capital Ltd purchased a new stake in shares of Boot Barn in the 1st quarter worth $48,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Boot Barn by 20.6% in the 1st quarter. First Horizon Advisors Inc. now owns 1,321 shares of the company's stock worth $142,000 after buying an additional 226 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BOOT shares. JPMorgan Chase & Co. upped their target price on Boot Barn from $207.00 to $247.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. UBS Group upped their target price on Boot Barn from $156.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Cowen reiterated a "buy" rating on shares of Boot Barn in a report on Monday, July 28th. Bank of America boosted their price target on Boot Barn from $160.00 to $173.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, BTIG Research boosted their price target on Boot Barn from $200.00 to $218.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Boot Barn has an average rating of "Moderate Buy" and an average target price of $182.54.

Boot Barn Trading Up 2.5%

Shares of BOOT traded up $4.1520 during trading hours on Friday, hitting $173.5020. The company had a trading volume of 409,841 shares, compared to its average volume of 693,476. The company has a market capitalization of $5.30 billion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 1.76 and a beta of 1.76. Boot Barn Holdings, Inc. has a one year low of $86.17 and a one year high of $183.60. The company's fifty day moving average price is $166.49 and its two-hundred day moving average price is $138.31.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.19. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.The company had revenue of $504.07 million for the quarter, compared to analyst estimates of $489.49 million. During the same period in the prior year, the company posted $1.26 EPS. 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. Analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Boot Barn declared that its Board of Directors has initiated a stock buyback plan on Wednesday, May 14th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 4.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Boot Barn Company 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.