Kornitzer Capital Management Inc. KS Sells 12,885 Shares of Boot Barn Holdings, Inc. $BOOT

Key Points

• Kornitzer Capital Management cut its Boot Barn stake by 30.6%, selling 12,885 shares in Q4 and now holds 29,160 shares worth about $5.15 million.
• Several institutions increased exposure to BOOT—most notably Goldman Sachs, which boosted its position to 323,664 shares (~$34.8M), while RBC, AQR and others also added shares.
• Analyst sentiment is broadly positive with a consensus “Moderate Buy” (12 Buys, 2 Holds) and a $224.25 average target; Boot Barn beat revenue estimates for the quarter and set FY2026 EPS guidance of 7.25–7.35.

Kornitzer Capital Management Inc. KS reduced its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 30.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,160 shares of the company's stock after selling 12,885 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.10% of Boot Barn worth $5,146,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BOOT. Royal Bank of Canada boosted its stake in shares of Boot Barn by 50.3% during the 1st quarter. Royal Bank of Canada now owns 34,676 shares of the company's stock worth $3,725,000 after acquiring an additional 11,598 shares during the period. AQR Capital Management LLC boosted its stake in Boot Barn by 198.0% in the 1st quarter. AQR Capital Management LLC now owns 8,906 shares of the company's stock valued at $957,000 after purchasing an additional 5,917 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Boot Barn by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company's stock valued at $1,894,000 after purchasing an additional 779 shares during the period. Goldman Sachs Group Inc. boosted its stake in Boot Barn by 23.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company's stock valued at $34,771,000 after purchasing an additional 61,719 shares during the period. Finally, United Services Automobile Association bought a new stake in Boot Barn in the 1st quarter valued at $209,000.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BOOT shares. UBS Group boosted their price target on Boot Barn from $265.00 to $267.00 and gave the company a "buy" rating in a research note on Thursday, February 5th. Jefferies Financial Group upgraded Boot Barn from a "hold" rating to a "buy" rating and set a $195.00 price target for the company in a research note on Monday, April 6th. Weiss Ratings downgraded Boot Barn from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, March 4th. Zacks Research downgraded Boot Barn from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 12th. Finally, Citigroup boosted their price target on Boot Barn from $230.00 to $232.00 and gave the company a "buy" rating in a research note on Thursday, February 5th. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Boot Barn has an average rating of "Moderate Buy" and a consensus price target of $224.25.

Boot Barn Stock Performance

NYSE:BOOT opened at $171.44 on Friday. The stock has a fifty day moving average price of $165.51 and a 200-day moving average price of $181.13. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 1.04 and a beta of 1.73. Boot Barn Holdings, Inc. has a fifty-two week low of $108.32 and a fifty-two week high of $210.25.

Boot Barn (NYSE:BOOT - Get Free Report) last released its earnings results on Wednesday, February 4th. The company reported $2.79 earnings per share for the quarter, meeting analysts' consensus estimates of $2.79. The firm had revenue of $705.64 million during the quarter, compared to the consensus estimate of $700.71 million. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The company's revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.43 EPS. 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. Research analysts predict that Boot Barn Holdings, Inc. will post 7.33 EPS for the current fiscal year.

About Boot Barn

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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