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

Group 1: Fund Performance - TimesSquare Capital Management's "U.S. Small Cap Growth Strategy" reported a gross return of 11.28% and a net return of 11.02% for Q2 2025, compared to the Russell 2000 Growth Index's return of 11.97% [1] - The fund experienced double-digit returns in Q2 2025, driven by positive global economic activity [1] Group 2: Boot Barn Holdings, Inc. Overview - Boot Barn Holdings, Inc. (NYSE:BOOT) is a lifestyle retail chain specializing in western and work-related footwear, apparel, and accessories [2] - The stock of Boot Barn Holdings, Inc. saw a one-month return of 13.01% and a 52-week gain of 22.03%, closing at $183.60 per share with a market capitalization of $5.61 billion on September 10, 2025 [2] - In Q1 2026, Boot Barn's revenue increased by 19% to $504 million, with consolidated same-store sales rising by 9.4% [4] Group 3: Investment Insights - TimesSquare Capital's U.S. Focus Growth Strategy expressed a preference for value-oriented or specialty retailers, highlighting Boot Barn as a leading investment despite a slight miss in fiscal fourth quarter estimates [3] - Boot Barn's shares jumped 42% following the announcement of forward guidance that aligned with consensus projections, leading to a position trim by the fund [3] - Although Boot Barn Holdings, Inc. shows potential, the company is not among the top 30 most popular stocks among hedge funds, with 39 hedge fund portfolios holding the stock at the end of Q2, up from 34 in the previous quarter [4]