Strs Ohio Decreases Stake in Boot Barn Holdings, Inc. $BOOT

Strs Ohio cut its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 33.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,800 shares of the company’s stock after selling 11,000 shares during the quarter. Strs Ohio owned about 0.07% of Boot Barn worth $3,191,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of Boot Barn by 83.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,103,441 shares of the company’s stock worth $194,725,000 after purchasing an additional 502,275 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Boot Barn by 2,547.7% in the third quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company’s stock valued at $78,086,000 after purchasing an additional 453,396 shares during the last quarter. Invesco Ltd. lifted its position in Boot Barn by 46.3% during the third quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock worth $152,033,000 after buying an additional 290,493 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Boot Barn by 38.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 723,309 shares of the company’s stock worth $127,642,000 after buying an additional 200,971 shares in the last quarter. Finally, Wedge Capital Management L L P NC acquired a new position in Boot Barn during the fourth quarter worth $31,113,000.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BOOT. BTIG Research restated a “buy” rating and issued a $235.00 target price on shares of Boot Barn in a report on Friday, May 15th. Zacks Research lowered shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. UBS Group set a $225.00 price objective on shares of Boot Barn in a research report on Wednesday, June 17th. Piper Sandler reduced their target price on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. Finally, Citigroup reiterated a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Boot Barn presently has a consensus rating of “Moderate Buy” and a consensus target price of $226.92.

Boot Barn Stock Up 2.6%

NYSE:BOOT traded up $4.14 on Tuesday, reaching $162.91. The company’s stock had a trading volume of 23,651 shares, compared to its average volume of 707,375. Boot Barn Holdings, Inc. has a 12-month low of $133.18 and a 12-month high of $210.25. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 1.10 and a beta of 1.69. The stock has a 50 day moving average price of $163.69 and a 200 day moving average price of $172.41.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Thursday, May 14th. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.43 by $0.02. The business had revenue of $538.75 million for the quarter, compared to analyst estimates of $531.43 million. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.22 EPS. Boot Barn has set its Q1 2027 guidance at 1.620-1.710 EPS and its FY 2027 guidance at 8.210-8.640 EPS. Equities research analysts expect that Boot Barn Holdings, Inc. will post 8.55 EPS for the current fiscal year.

Boot Barn 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.