Public Employees Retirement System of Ohio Invests $6.21 Million in Boot Barn Holdings, Inc. $BOOT

Public Employees Retirement System of Ohio bought a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) during the second quarter, HoldingsChannel.com reports. The fund bought 37,799 shares of the company’s stock, valued at approximately $6,209,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BOOT. IFP Advisors Inc boosted its position in Boot Barn by 7.2% during the 4th quarter. IFP Advisors Inc now owns 942 shares of the company’s stock worth $166,000 after purchasing an additional 63 shares during the period. Cynosure Group LLC raised its position in Boot Barn by 3.3% in the fourth quarter. Cynosure Group LLC now owns 2,435 shares of the company’s stock valued at $430,000 after purchasing an additional 78 shares during the period. Farther Finance Advisors LLC raised its position in Boot Barn by 20.7% in the fourth quarter. Farther Finance Advisors LLC now owns 496 shares of the company’s stock valued at $88,000 after purchasing an additional 85 shares during the period. State of Wisconsin Investment Board lifted its stake in shares of Boot Barn by 0.3% during the fourth quarter. State of Wisconsin Investment Board now owns 33,374 shares of the company’s stock worth $5,890,000 after purchasing an additional 89 shares in the last quarter. Finally, MML Investors Services LLC lifted its stake in shares of Boot Barn by 2.2% during the second quarter. MML Investors Services LLC now owns 4,262 shares of the company’s stock worth $648,000 after purchasing an additional 93 shares in the last quarter.

Wall Street Analysts Forecast Growth

BOOT has been the subject of a number of recent research reports. Piper Sandler lowered their target price on Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. Stephens boosted their price target on Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Weiss Ratings cut Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 18th. UBS Group set a $225.00 price objective on shares of Boot Barn in a research report on Wednesday, June 17th. Finally, TD Cowen dropped their price objective on shares of Boot Barn from $225.00 to $190.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Boot Barn has an average rating of “Buy” and an average target price of $219.55.

Boot Barn Stock Down 1.2%

BOOT stock opened at $148.86 on Wednesday. Boot Barn Holdings, Inc. has a 52-week low of $133.18 and a 52-week high of $210.25. The stock’s 50 day moving average is $159.30 and its two-hundred day moving average is $163.63. The company has a market capitalization of $4.51 billion, a PE ratio of 18.84, a P/E/G ratio of 0.97 and a beta of 1.71.

Boot Barn (NYSE:BOOT) last released its earnings results on Wednesday, July 29th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $1.69 by $0.60. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.The company had revenue of $593.51 million during the quarter, compared to analysts’ expectations of $583.15 million. During the same period in the prior year, the business posted $1.74 EPS. The business’s revenue was up 17.7% on a year-over-year basis. Boot Barn has set its FY 2027 guidance at 8.800-9.230 EPS and its Q2 2027 guidance at 1.550-1.650 EPS. As a group, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 9.18 EPS for the current 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.