Decker Retirement Planning Inc. Buys Shares of 19,741 Boot Barn Holdings, Inc. $BOOT

Key Points

• Decker Retirement Planning Inc. bought 19,741 shares of Boot Barn (NYSE:BOOT) in Q4, a new stake worth about $3.48 million that represents roughly 1.7% of its portfolio and about 0.06% of Boot Barn's shares.
• Several large institutions materially increased their Boot Barn positions—most notably Invesco (+46.3% to 917,406 shares), Balyasny (+2,547.7% to 471,192), Congress Asset Management (+11.1% to 622,413) and Ameriprise (+24.2% to 579,680)—indicating growing institutional interest.
• Analysts are mostly positive with a consensus "Moderate Buy" and a average price target of $217; Boot Barn reported Q results that met EPS ($2.79) and beat revenue estimates ($705.6M) and set FY2026 EPS guidance of 7.25–7.35.

Decker Retirement Planning Inc. bought a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,741 shares of the company's stock, valued at approximately $3,484,000. Boot Barn comprises about 1.7% of Decker Retirement Planning Inc.'s portfolio, making the stock its 20th biggest holding. Decker Retirement Planning Inc. owned approximately 0.06% of Boot Barn as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Invesco Ltd. increased its holdings in shares of Boot Barn by 46.3% in the third quarter. Invesco Ltd. now owns 917,406 shares of the company's stock valued at $152,033,000 after purchasing an additional 290,493 shares during the last quarter. Congress Asset Management Co. increased its holdings in shares of Boot Barn by 11.1% in the fourth quarter. Congress Asset Management Co. now owns 622,413 shares of the company's stock valued at $109,837,000 after purchasing an additional 62,350 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Boot Barn by 24.2% in the third quarter. Ameriprise Financial Inc. now owns 579,680 shares of the company's stock valued at $96,065,000 after purchasing an additional 112,918 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Boot Barn by 2,547.7% in the third quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company's stock valued at $78,086,000 after purchasing an additional 453,396 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of Boot Barn by 25.1% in the second quarter. Raymond James Financial Inc. now owns 413,387 shares of the company's stock valued at $62,835,000 after purchasing an additional 82,938 shares during the last quarter.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Citigroup increased their price objective on Boot Barn from $230.00 to $232.00 and gave the stock a "buy" rating in a research report on Thursday, February 5th. Stephens upgraded Boot Barn from an "equal weight" rating to an "overweight" rating and set a $237.00 price objective for the company in a research report on Friday, February 6th. Zacks Research lowered Boot Barn from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 12th. UBS Group increased their price objective on Boot Barn from $265.00 to $267.00 and gave the stock a "buy" rating in a research report on Thursday, February 5th. Finally, Piper Sandler increased their price objective on Boot Barn from $229.00 to $230.00 and gave the stock an "overweight" rating in a research report on Thursday, February 5th. Thirteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Boot Barn has an average rating of "Moderate Buy" and a consensus price target of $217.00.

Boot Barn Trading Up 1.8%

NYSE:BOOT opened at $159.19 on Wednesday. The firm has a market cap of $4.84 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 0.95 and a beta of 1.75. The stock has a fifty day moving average price of $172.19 and a 200 day moving average price of $181.48. Boot Barn Holdings, Inc. has a 12-month low of $86.17 and a 12-month high of $210.25.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $2.79 earnings per share for the quarter, meeting analysts' consensus estimates of $2.79. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The company had revenue of $705.64 million for the quarter, compared to analysts' expectations of $700.71 million. During the same period last year, the firm earned $2.43 earnings per share. Boot Barn's quarterly revenue was up 16.0% on a year-over-year basis. 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. Equities analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Boot Barn 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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