SCHEDULE 13G: FMR LLC and Abigail P. Johnson Disclose 7.2% Stake in Boot Barn Holdings Inc.
Beneficial Ownership Report
FMR LLC and its Chairman and CEO, Abigail P. Johnson, have jointly disclosed a beneficial ownership of 7.2% in Boot Barn Holdings Inc., totaling 2,211,300.40 shares as of December 31, 2024.
Summary
- FMR LLC, a Delaware-organized parent holding company, and Abigail P. Johnson, a U.S. citizen and Chairman and CEO of FMR LLC, have filed a Schedule 13G.
- The filing reports their beneficial ownership in Boot Barn Holdings Inc.'s Common Stock.
- As of December 31, 2024, the aggregate amount beneficially owned by FMR LLC and Abigail P. Johnson is 2,211,300.40 shares.
- This ownership represents 7.2% of the class of Boot Barn Holdings Inc.'s Common Stock.
- FMR LLC holds sole voting power over 2,105,615.00 shares and sole dispositive power over 2,211,300.40 shares.
- Abigail P. Johnson holds sole dispositive power over 2,211,300.40 shares, with no sole or shared voting power directly.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, FIAM LLC, Fidelity Institutional Asset Management Trust Company, and Strategic Advisers LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater.
Sentiment
Score: 6
Explanation: The document is a factual disclosure of beneficial ownership. The disclosure of a significant stake by a major institutional investor like FMR LLC can be viewed positively as it implies confidence, but the document itself does not contain performance or forward-looking statements to assess sentiment beyond this.
Future Outlook
NA
Industry Context
This filing indicates a significant institutional investment by FMR LLC, a major asset management firm, in Boot Barn Holdings Inc. Such a substantial stake by a prominent investor can signal confidence in the company's long-term prospects within the retail sector, particularly in the Western and Workwear apparel and footwear market.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Shareholders' Voting Agreement | Members of the Johnson family, including Abigail P. Johnson, who are predominant owners of Series B voting common shares of FMR LLC (representing 49% of voting power), have entered into a shareholders' voting agreement. This agreement dictates that all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares, potentially forming a controlling group with respect to FMR LLC under the Investment Company Act of 1940. | NA | This agreement centralizes voting control within the Johnson family for FMR LLC, which is the parent holding company reporting beneficial ownership in Boot Barn Holdings Inc. This impacts the internal governance of FMR LLC, not directly Boot Barn Holdings Inc. |
Stakeholder Impact
- Shareholders of Boot Barn Holdings Inc. may view this significant stake by FMR LLC as a vote of confidence from a major institutional investor, potentially influencing market perception and share price.
Key Dates
| Date | Description |
|---|---|
| 2024-12-31 | Date of event which requires the filing of this statement (reporting date for beneficial ownership). |
| 2025-02-11 | Date of filing of the Schedule 13G statement. |
Keywords
Boot Barn Holdings Inc, FMR LLC, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, Equity Stake, SEC Filing
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