Stock Up 40% in a Year, $706 Million in Quarterly Sales: Why Boot Barn’s Trimmed Stake Deserves a Look

9 hours ago 1

Jonathan Ponciano, The Motley Fool

Sat, February 14, 2026 astatine 11:58 AM CST 4 min read

Ranger Investment Management disclosed connected February 13, 2026, that it sold 99,800 shares of Boot Barn Holdings (NYSE:BOOT), an estimated $18.62 cardinal transaction based connected quarterly mean pricing.

According to a recent SEC filing, Ranger Investment Management, L.P. reduced its holding successful Boot Barn Holdings (NYSE:BOOT) by 99,800 shares during the 4th fourth of 2025. The estimated worth of this stock merchantability is $18.62 million, based connected the quarter’s mean closing price. The fund’s quarter-end presumption worth successful Boot Barn Holdings decreased by $15.63 million, a fig that incorporates some trading and terms question effects.

Ranger Investment Management, L.P. executed a sell, leaving Boot Barn Holdings astatine 1.02% of 13F AUM post-transaction.
Top holdings aft this filing:
- NASDAQ: PEGA: $54.40 cardinal (3.7% of AUM)
- NASDAQ: LGND: $51.05 cardinal (3.5% of AUM)
- NASDAQ: ADMA: $41.97 cardinal (2.9% of AUM)
- NYSE: AGX: $36.62 cardinal (2.5% of AUM)
- NYSE: EE: $34.24 cardinal (2.3% of AUM)
As of February 12, 2026, Boot Barn Holdings shares were priced astatine $186.00, up 41.1% implicit the past twelvemonth and outperforming the S&P 500 by 28.16 percent points.

Metric

Value

Price (as of marketplace adjacent February 12, 2026)	$186.00
Market Capitalization	$5.72 billion
Revenue (TTM)	$2.17 billion
Net Income (TTM)	$218.98 million

Boot Barn offers occidental and work-related footwear, apparel, and accessories, including boots, shirts, jackets, hats, belts, handbags, jewelry, and flame-resistant clothing.
The institution operates a specialty retail exemplary with gross generated done carnal stores and e-commerce platforms focused connected manner and workwear products.
It serves men, women, and children successful the United States, targeting consumers seeking western, work, and outdoor apparel and accessories.

Boot Barn Holdings is simply a starring U.S. specialty retailer successful the occidental and workwear apparel segment, operating implicit 500 stores crossed 49 states and aggregate e-commerce platforms. The institution leverages a differentiated merchandise assortment and omni-channel strategy to seizure request from some agrarian and municipality customers seeking durable, lifestyle-focused merchandise. Its standard and focused merchandising supply a competitory borderline successful the fragmented apparel retail market.

When a banal has outpaced the marketplace by much than 28 percent points successful a year, trimming a presumption tin look similar subject alternatively than doubt.

Boot Barn conscionable delivered 16% quarterly gross maturation to $705.6 million, with same-store income up 5.7% and e-commerce comps surging 19.6%. Net income roseate to $85.8 million, oregon $2.79 per diluted share, and guidance present calls for up to $2.25 cardinal successful full-year income and arsenic overmuch arsenic $7.35 successful diluted EPS.

There’s crushed to beryllium bullish. Cash stands astatine astir $200 million, with thing drawn connected the $250 cardinal revolver, and the institution plans connected opening 70 stores this fiscal twelvemonth arsenic it continues to repurchase shares.

Post-sale, the presumption represents conscionable 1% of 13F assets, humble compared with larger allocations to bundle and biotech names similar Pegasystems and Ligand. In that context, this portfolio looks to thin toward growth-oriented, mid-cap operators.

At $186 per stock and up 41% twelvemonth implicit year, valuation hazard is existent with Boot Barn, but the operating motor remains strong. Long-term investors should absorption connected portion economics, exclusive marque penetration, and whether 500-plus stores is simply a midpoint, not a ceiling.

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