Strs Ohio Raises Holdings in Boot Barn Holdings, Inc. $BOOT

Strs Ohio raised its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 12.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 32,600 shares of the company’s stock after acquiring an additional 3,500 shares during the period. Strs Ohio’s holdings in Boot Barn were worth $5,402,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Campbell Newman Asset Management Inc. increased its holdings in Boot Barn by 0.5% in the third quarter. Campbell Newman Asset Management Inc. now owns 12,944 shares of the company’s stock valued at $2,145,000 after buying an additional 60 shares during the last quarter. Park Avenue Securities LLC grew its holdings in Boot Barn by 2.4% during the third quarter. Park Avenue Securities LLC now owns 2,826 shares of the company’s stock worth $468,000 after acquiring an additional 66 shares during the period. Verdence Capital Advisors LLC lifted its position in shares of Boot Barn by 3.4% during the 2nd quarter. Verdence Capital Advisors LLC now owns 2,270 shares of the company’s stock valued at $345,000 after acquiring an additional 74 shares during the last quarter. Amalgamated Bank lifted its position in shares of Boot Barn by 0.9% in the 3rd quarter. Amalgamated Bank now owns 8,755 shares of the company’s stock valued at $1,451,000 after acquiring an additional 79 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in Boot Barn by 2.2% during the 2nd quarter. MML Investors Services LLC now owns 4,262 shares of the company’s stock valued at $648,000 after acquiring an additional 93 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BOOT shares. UBS Group raised their price objective on Boot Barn from $248.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. TD Cowen reiterated a “buy” rating on shares of Boot Barn in a research report on Thursday, October 30th. Jefferies Financial Group upped their target price on shares of Boot Barn from $180.00 to $195.00 and gave the company a “hold” rating in a research report on Monday, January 12th. Zacks Research cut Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Citigroup upped their price target on Boot Barn from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $206.08.

Insider Activity

In related news, Director Gene Eddie Burt sold 1,200 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $191.41, for a total transaction of $229,692.00. Following the transaction, the director owned 3,338 shares in the company, valued at $638,926.58. The trade was a 26.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Peter Starrett sold 6,498 shares of Boot Barn stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $190.00, for a total value of $1,234,620.00. Following the transaction, the chairman owned 9,599 shares of the company’s stock, valued at $1,823,810. The trade was a 40.37% decrease in their position. The SEC filing for this sale provides additional information. 0.66% of the stock is owned by insiders.

Boot Barn Price Performance

Shares of Boot Barn stock opened at $180.64 on Tuesday. Boot Barn Holdings, Inc. has a one year low of $86.17 and a one year high of $210.25. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 1.37 and a beta of 1.61. The stock’s 50-day moving average is $191.21 and its 200 day moving average is $181.83.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.11. The business had revenue of $505.40 million for the quarter, compared to analysts’ expectations of $493.70 million. Boot Barn had a net margin of 10.05% and a return on equity of 18.11%. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 EPS. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS and its FY 2026 guidance at 6.750-7.150 EPS. On average, sell-side analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Boot Barn Company Profile

Boot Barn, Inc is a leading specialty retailer focused on western and work-related footwear, apparel and accessories. The company operates full-price and outlet retail stores under the Boot Barn and BootBarn.com brands, offering a wide assortment of cowboy boots, work boots, casual and fashion footwear, western and work apparel, hats, belts and related accessories. In addition to its brick-and-mortar network, Boot Barn maintains an e-commerce platform to serve customers seeking ranch-and-rodeo style clothing and rugged workwear from coast to coast.

Founded in 1978 in Southern California, Boot Barn began as a single store catering to ranchers, farmworkers and western enthusiasts.