Boot Barn Holdings, Inc. $BOOT Stock: Moody Aldrich Partners LLC Increases Holdings

Key Points

• Moody Aldrich Partners increased its Boot Barn stake by 72.1% in the third quarter, adding 14,573 shares and bringing its total position to 34,797 shares valued at approximately $4.2 million.
• Boot Barn reported strong fiscal Q2 results, with revenue rising 15.1% year over year to $581.8 million and EPS increasing 26.3% to $1.73, beating analyst expectations. The board also authorized an additional $400 million share-repurchase program.
• Despite the solid quarter, Boot Barn lowered its full-year outlook, while analysts reduced several price targets. The stock opened at $113.32, well below its 52-week high of $210.25, although its consensus analyst rating remained “Buy.”

Moody Aldrich Partners LLC increased its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 72.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,797 shares of the company's stock after buying an additional 14,573 shares during the quarter. Moody Aldrich Partners LLC owned about 0.11% of Boot Barn worth $4,192,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BOOT. Park Avenue Securities LLC grew its position in Boot Barn by 5.7% in the third quarter. Park Avenue Securities LLC now owns 2,851 shares of the company's stock worth $343,000 after acquiring an additional 154 shares during the period. Signaturefd LLC raised its position in Boot Barn by 183.3% in the third quarter. Signaturefd LLC now owns 255 shares of the company's stock valued at $31,000 after purchasing an additional 165 shares during the period. Simplicity Wealth LLC raised its position in Boot Barn by 136.6% in the third quarter. Simplicity Wealth LLC now owns 8,559 shares of the company's stock valued at $1,031,000 after purchasing an additional 4,941 shares during the period. Sowell Financial Services LLC raised its position in Boot Barn by 6.2% in the third quarter. Sowell Financial Services LLC now owns 2,858 shares of the company's stock valued at $344,000 after purchasing an additional 166 shares during the period. Finally, Evergreen Capital Management LLC lifted its stake in shares of Boot Barn by 5.3% in the 3rd quarter. Evergreen Capital Management LLC now owns 4,459 shares of the company's stock valued at $537,000 after purchasing an additional 225 shares during the last quarter.

Trending Headlines about Boot Barn

Here are the key news stories impacting Boot Barn this week:

• Positive Sentiment: Boot Barn reported fiscal Q2 revenue of approximately $581.8 million, up 15.1% year over year, while diluted EPS rose 26.3% to $1.73 and exceeded the consensus estimate of $1.63. Gross profit increased 17.6% to $216.5 million, and operating cash flow grew 55% to $39.9 million. Boot Barn Q2 2027 earnings results
• Positive Sentiment: The board authorized an additional $400 million under Boot Barn’s share-repurchase program. Buybacks could support per-share earnings and signal management confidence in the company’s long-term value. Boot Barn announces results and additional repurchase authorization
• Neutral Sentiment: Management’s earnings call followed the quarterly release, giving investors additional commentary on demand, store expansion, margins and the revised outlook. Boot Barn Q2 2027 earnings call transcript
• Negative Sentiment: Boot Barn cut its fiscal-year outlook despite the quarterly profit and sales gains. The reduced forecast raises concerns about slowing demand, potential margin pressure or a more cautious consumer, and makes the narrow revenue beat less meaningful. Boot Barn cuts fiscal-year outlook

Analyst Upgrades and Downgrades

BOOT has been the subject of a number of recent analyst reports. Robert W. Baird cut their price objective on Boot Barn from $212.00 to $160.00 and set an "outperform" rating for the company in a research report on Tuesday, September 29th. TD Cowen reduced their price objective on shares of Boot Barn from $190.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, October 23rd. Craig Hallum decreased their target price on shares of Boot Barn from $235.00 to $224.00 and set a "buy" rating on the stock in a research report on Tuesday, September 29th. Needham & Company LLC initiated coverage on shares of Boot Barn in a research note on Friday, October 16th. They set a "buy" rating and a $150.00 target price for the company. Finally, Weiss Ratings lowered shares of Boot Barn from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $204.77.

Boot Barn Stock Up 1.5%

Shares of NYSE BOOT opened at $113.32 on Thursday. The business's 50 day moving average is $132.49 and its two-hundred day moving average is $159.01. Boot Barn Holdings, Inc. has a 52-week low of $110.53 and a 52-week high of $210.25. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 0.74 and a beta of 1.76.

Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.63 by $0.10. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%. The business had revenue of $581.81 million during the quarter, compared to analyst estimates of $580.80 million. During the same period last year, the business posted $1.37 earnings per share. The company's quarterly revenue was up 15.1% on a year-over-year basis. Analysts anticipate that Boot Barn Holdings, Inc. will post 9.19 EPS for the current fiscal year.

About Boot Barn

Boot Barn Holdings, Inc is a specialty retailer focused on Western and work-related apparel, footwear and accessories. The company sells products including cowboy boots, work boots, jeans, shirts, hats, outerwear, belts and other accessories from a range of national and private-label brands.

Boot Barn serves customers through a network of retail stores across the United States, as well as through its e-commerce platform. Its merchandise is marketed to Western lifestyle customers, workers who need durable clothing and footwear, and consumers participating in activities such as rodeo, riding and outdoor recreation.

The company traces its beginnings to 1978 and is headquartered in Irvine, California.

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