Here’s Why Boot Barn Holdings (BOOT) Shares Reacted Positively in Q2

TimesSquare Capital Management, an equity investment management company, released its “U.S. Small Cap Growth Strategy” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. During the quarter, the fund returned 11.28% (gross) and 11.02% (net), compared to the Russell 2000 Growth Index by 11.97%. Equities posted double-digit returns in the second quarter as global economic activity measures lifted. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its second-quarter 2025 investor letter, TimesSquare Capital 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 13.01%, and its shares gained 22.03% of their value over the last 52 weeks. On September 10, 2025, Boot Barn Holdings, Inc. (NYSE:BOOT) stock closed at $183.60 per share, with a market capitalization of $5.61 billion.

TimesSquare Capital U.S. Focus Growth Strategy stated the following regarding Boot Barn Holdings, Inc. (NYSE:BOOT) in its second quarter 2025 investor letter:

“Our preferences in the Consumer-oriented sectors lean toward value-oriented or specialty retailers, franchise models, or premium brands. Leading the charge was western and work boot retailer Boot Barn Holdings, Inc. (NYSE:BOOT). While they reported a slight miss to fiscal fourth quarter estimates, forward guidance was in line with consensus projections as tariff headwinds are more manageable than feared. Its shares responded positively, jumping 42% and prompting us to trim the position.”

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 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 Carillon Eagle Small Cap Growth Fund’s views on the company. 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.