Police & Firemen s Retirement System of New Jersey Has $1.06 Million Stock Position in Boot Barn Holdings, Inc. $BOOT

Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 10.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,955 shares of the company’s stock after purchasing an additional 653 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Boot Barn were worth $1,057,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BOOT. Invesco Ltd. boosted its position in Boot Barn by 24.8% in the 1st quarter. Invesco Ltd. now owns 903,453 shares of the company’s stock valued at $97,058,000 after buying an additional 179,710 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Boot Barn by 2.9% during the second quarter. Geode Capital Management LLC now owns 726,936 shares of the company’s stock worth $110,508,000 after acquiring an additional 20,549 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Boot Barn by 15.3% during the first quarter. American Century Companies Inc. now owns 569,390 shares of the company’s stock valued at $61,170,000 after acquiring an additional 75,413 shares during the period. Stephens Investment Management Group LLC lifted its stake in shares of Boot Barn by 13.4% during the second quarter. Stephens Investment Management Group LLC now owns 528,103 shares of the company’s stock valued at $80,272,000 after acquiring an additional 62,316 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Boot Barn by 42.1% in the first quarter. Ameriprise Financial Inc. now owns 503,619 shares of the company’s stock valued at $54,110,000 after acquiring an additional 149,115 shares during the last quarter.

Insider Activity at Boot Barn

In related news, Chairman Peter Starrett sold 6,498 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $190.00, for a total transaction of $1,234,620.00. Following the completion of the transaction, the chairman directly owned 9,599 shares in the company, valued at approximately $1,823,810. This trade represents a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by company insiders.

Boot Barn Stock Performance

Shares of NYSE:BOOT opened at $184.73 on Friday. The company has a 50 day moving average price of $179.72 and a two-hundred day moving average price of $169.60. The company has a market capitalization of $5.63 billion, a PE ratio of 27.33, a PEG ratio of 1.94 and a beta of 1.67. Boot Barn Holdings, Inc. has a 52 week low of $86.17 and a 52 week high of $205.31.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data 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 return on equity of 18.41% and a net margin of 10.05%.Boot Barn’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.95 EPS. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS. FY 2026 guidance at 6.750-7.150 EPS. On average, sell-side analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Boot Barn from $276.00 to $282.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. BTIG Research increased their price objective on shares of Boot Barn from $218.00 to $226.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Boot Barn in a research note on Wednesday, October 8th. UBS Group upped their target price on shares of Boot Barn from $241.00 to $248.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Seaport Res Ptn downgraded Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $195.75.

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.