Does Boot Barn Holdings (BOOT) Have a Long Runway to Grow?

ClearBridge Investments, an investment management company, released its “ClearBridge Small Cap Growth Strategy” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. Equity markets made an exceptional recovery from steep declines in April with solid performances in May and June. The strategy modestly underperformed the Russell 2000 Growth Index in the quarter, as the market rally was driven by lower market capitalization, lower-quality non-earners, and a retail volume surge favoring momentum and the riskiest stocks. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its second-quarter 2025 investor letter, ClearBridge Small Cap Growth Strategy highlighted stocks such as Boot Barn Holdings, Inc. (NYSE:BOOT). Boot Barn Holdings, Inc. (NYSE:BOOT) is a lifestyle retail chain that offers western and work-related footwear, apparel, and accessories. The one-month return of Boot Barn Holdings, Inc. (NYSE:BOOT) was -6.96%, and its shares gained 2.45% of their value over the last 52 weeks. On October 2, 2025, Boot Barn Holdings, Inc. (NYSE:BOOT) stock closed at $169.87 per share, with a market capitalization of $5.19 billion.

ClearBridge Small Cap Growth Strategy stated the following regarding Boot Barn Holdings, Inc. (NYSE:BOOT) in its second quarter 2025 investor letter:

“Boot Barn Holdings, Inc. (NYSE:BOOT) is a retailer focused on Western and work gear such as boots, accessories and apparel. The company has a long runway to grow at a double-digit pace within a fragmented market while leveraging catalysts such as exclusive brands and margin efficiencies to grow earnings at a healthy rate over the coming years.”

Is Boot Barn Holdings, Inc. (BOOT) the Best Russell 2000 Stock to Buy According to Wall Street Analysts?

Boot Barn Holdings, Inc. (NYSE:BOOT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 39 hedge fund portfolios held Boot Barn Holdings, Inc. (NYSE:BOOT) at the end of the second quarter, which was 34 in the previous quarter.  In the fiscal first quarter of 2026, Boot Barn Holdings, Inc.’s (NYSE:BOOT) revenue increased 19% to $504 million and consolidated same-store sales increased 9.4%.  While we acknowledge the risk and potential of Boot Barn Holdings, Inc. (NYSE:BOOT) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Boot Barn Holdings, Inc. (NYSE:BOOT) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Boot Barn Holdings, Inc. (NYSE:BOOT) and shared the list of high-risk high-reward growth stocks to buy. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.