Teachers Retirement System of The State of Kentucky Sells 5,741 Shares of Boot Barn Holdings, Inc. $BOOT

Teachers Retirement System of The State of Kentucky cut its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 26.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 16,371 shares of the company’s stock after selling 5,741 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Boot Barn were worth $2,713,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BOOT. Principal Financial Group Inc. boosted its holdings in shares of Boot Barn by 132.4% during the third quarter. Principal Financial Group Inc. now owns 352,816 shares of the company’s stock worth $58,469,000 after purchasing an additional 201,026 shares during the period. Federated Hermes Inc. bought a new position in Boot Barn during the 3rd quarter valued at approximately $13,407,000. GatePass Capital LLC purchased a new stake in Boot Barn in the 3rd quarter worth approximately $1,662,000. Alliance Wealth Advisors LLC UT purchased a new stake in Boot Barn in the 3rd quarter worth approximately $607,000. Finally, Fisher Asset Management LLC grew its position in shares of Boot Barn by 4,784.7% in the 2nd quarter. Fisher Asset Management LLC now owns 165,494 shares of the company’s stock worth $25,155,000 after buying an additional 162,106 shares during the last quarter.

Boot Barn Stock Performance

Shares of NYSE BOOT opened at $184.24 on Thursday. The company has a 50 day simple moving average of $189.14 and a two-hundred day simple moving average of $185.41. Boot Barn Holdings, Inc. has a fifty-two week low of $86.17 and a fifty-two week high of $210.25. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 25.88, a P/E/G ratio of 1.33 and a beta of 1.66.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $2.79 EPS for the quarter, hitting analysts’ consensus estimates of $2.79. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The firm had revenue of $705.64 million for the quarter, compared to analysts’ expectations of $700.71 million. During the same period in the previous year, the firm posted $2.43 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. Boot Barn has set its FY 2026 guidance at 7.250-7.350 EPS and its Q4 2026 guidance at 1.350-1.450 EPS. On average, analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BOOT. Zacks Research upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Boot Barn from $276.00 to $282.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Stephens upgraded shares of Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 price objective for the company in a report on Friday, February 6th. Jefferies Financial Group lifted their target price on shares of Boot Barn from $180.00 to $195.00 and gave the company a “hold” rating in a research note on Monday, January 12th. Finally, The Goldman Sachs Group assumed coverage on shares of Boot Barn in a research note on Thursday, December 11th. They issued a “buy” rating and a $225.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Boot Barn presently has a consensus rating of “Buy” and a consensus target price of $217.00.

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.