Louisiana State Employees Retirement System Cuts Stock Holdings in Boot Barn Holdings, Inc. $BOOT

Louisiana State Employees Retirement System reduced its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,300 shares of the company’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Boot Barn were worth $2,174,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in Boot Barn during the 1st quarter worth approximately $29,000. Golden State Wealth Management LLC boosted its holdings in shares of Boot Barn by 263.6% during the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the company’s stock worth $30,000 after purchasing an additional 203 shares during the last quarter. Maseco LLP acquired a new stake in shares of Boot Barn in the second quarter valued at approximately $40,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Boot Barn in the first quarter valued at approximately $44,000. Finally, Bayforest Capital Ltd purchased a new position in Boot Barn during the first quarter worth approximately $48,000.

Boot Barn Stock Performance

BOOT opened at $163.69 on Friday. Boot Barn Holdings, Inc. has a one year low of $86.17 and a one year high of $191.31. The stock has a market capitalization of $5.00 billion, a PE ratio of 25.82, a P/E/G ratio of 1.70 and a beta of 1.61. The business’s 50 day moving average price is $173.09 and its 200 day moving average price is $151.63.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.19. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.The firm had revenue of $504.07 million for the quarter, compared to analysts’ expectations of $489.49 million. During the same period in the prior year, the firm posted $1.26 earnings per share. The firm’s quarterly revenue was up 19.1% on a year-over-year basis. Boot Barn has set its Q2 2026 guidance at 1.190-1.270 EPS. FY 2026 guidance at 5.800-6.700 EPS. As a group, equities research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BOOT. Weiss Ratings reiterated a “hold (c+)” rating on shares of Boot Barn in a research report on Wednesday. Cowen reiterated a “buy” rating on shares of Boot Barn in a research report on Monday, July 28th. Jefferies Financial Group downgraded Boot Barn from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $187.00 to $175.00 in a research report on Wednesday, July 23rd. KeyCorp lifted their price objective on Boot Barn from $195.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, BTIG Research lifted their price objective on Boot Barn from $200.00 to $218.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $182.54.

About Boot Barn

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.