Wedge Capital Management L L P NC Takes Position in Boot Barn Holdings, Inc. $BOOT

Key Points

• Wedge Capital opened a new Q4 position of 176,305 shares in Boot Barn (~$31.11M), representing about 0.58% ownership, as several other institutions (Invesco, Marshall Wace, Congress, Ameriprise, Balyasny) also materially increased their stakes.
• Boot Barn reported Q results of $2.79 EPS (in line with estimates) and revenue of $705.64M, up 16% year‑over‑year, and set FY2026 guidance of $7.25–$7.35 EPS with Q4 guidance of $1.35–$1.45.
• Wall Street is broadly positive with 12 Buy vs. 3 Hold ratings and an average target of $217; the stock has a market cap of about $4.55B and a one‑year trading range of $86.17–$210.25.

Wedge Capital Management L L P NC acquired a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 176,305 shares of the company's stock, valued at approximately $31,113,000. Wedge Capital Management L L P NC owned 0.58% of Boot Barn as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Invesco Ltd. raised its stake in shares of Boot Barn by 46.3% in the 3rd 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 period. Marshall Wace LLP raised its position in Boot Barn by 63.3% in the 2nd quarter. Marshall Wace LLP now owns 655,923 shares of the company's stock valued at $99,700,000 after buying an additional 254,296 shares during the last quarter. Congress Asset Management Co. lifted its stake in Boot Barn by 11.1% in the 4th quarter. Congress Asset Management Co. now owns 622,413 shares of the company's stock valued at $109,837,000 after acquiring an additional 62,350 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Boot Barn by 24.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 579,680 shares of the company's stock worth $96,065,000 after acquiring an additional 112,918 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in shares of Boot Barn by 2,547.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company's stock worth $78,086,000 after acquiring an additional 453,396 shares in the last quarter.

Boot Barn Trading Down 2.2%

NYSE:BOOT opened at $149.42 on Friday. The stock has a market capitalization of $4.55 billion, a PE ratio of 20.99, a P/E/G ratio of 1.09 and a beta of 1.66. Boot Barn Holdings, Inc. has a 1-year low of $86.17 and a 1-year high of $210.25. The firm has a fifty day simple moving average of $180.76 and a 200 day simple moving average of $183.85.

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 (EPS) for the quarter, hitting the consensus estimate of $2.79. Boot Barn had a net margin of 10.10% and a return on equity of 18.28%. The firm had revenue of $705.64 million for the quarter, compared to analyst estimates of $700.71 million. During the same period in the prior year, the firm posted $2.43 earnings per share. The company's quarterly revenue was up 16.0% compared to the same quarter last year. 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. On average, equities analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BOOT. Citigroup lifted their price objective on shares of Boot Barn from $230.00 to $232.00 and gave the company a "buy" rating in a report on Thursday, February 5th. Zacks Research downgraded shares of Boot Barn from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 12th. Piper Sandler boosted their price target on shares of Boot Barn from $229.00 to $230.00 and gave the stock an "overweight" rating in a research report on Thursday, February 5th. Stephens upgraded shares of Boot Barn from an "equal weight" rating to an "overweight" rating and set a $237.00 price objective for the company in a research note on Friday, February 6th. Finally, The Goldman Sachs Group began coverage on Boot Barn in a report on Thursday, December 11th. They issued a "buy" rating and a $225.00 price objective for the company. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $217.00.

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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