New York State Teachers Retirement System Trims Stock Position in Boot Barn Holdings, Inc. $BOOT

New York State Teachers Retirement System cut its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 0.5% in the 2nd quarter, Holdings Channel reports. The fund owned 18,337 shares of the company’s stock after selling 100 shares during the quarter. New York State Teachers Retirement System’s holdings in Boot Barn were worth $2,787,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BOOT. Artemis Investment Management LLP raised its stake in Boot Barn by 206.5% during the 1st quarter. Artemis Investment Management LLP now owns 734,023 shares of the company’s stock valued at $78,856,000 after acquiring an additional 494,523 shares during the last quarter. Nuveen LLC purchased a new position in shares of Boot Barn during the 1st quarter worth approximately $38,387,000. Invesco Ltd. raised its stake in shares of Boot Barn by 24.8% during the 1st quarter. Invesco Ltd. now owns 903,453 shares of the company’s stock worth $97,058,000 after buying an additional 179,710 shares in the last quarter. Stephens Investment Management Group LLC raised its stake in shares of Boot Barn by 51.4% during the 1st quarter. Stephens Investment Management Group LLC now owns 465,787 shares of the company’s stock worth $50,039,000 after buying an additional 158,195 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Boot Barn by 42.1% during the 1st quarter. Ameriprise Financial Inc. now owns 503,619 shares of the company’s stock worth $54,110,000 after buying an additional 149,115 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BOOT shares. Cowen reissued a “buy” rating on shares of Boot Barn in a research note on Monday, July 28th. JPMorgan Chase & Co. increased their target price on Boot Barn from $207.00 to $247.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. BTIG Research increased their target price on Boot Barn from $200.00 to $218.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Piper Sandler increased their target price on Boot Barn from $184.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Finally, KeyCorp increased their target price on Boot Barn from $195.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $182.54.

Boot Barn Price Performance

BOOT opened at $192.13 on Wednesday. The stock has a market cap of $5.87 billion, a P/E ratio of 30.30, a P/E/G ratio of 1.90 and a beta of 1.61. The stock’s 50 day simple moving average is $175.45 and its 200 day simple moving average is $155.82. Boot Barn Holdings, Inc. has a 1-year low of $86.17 and a 1-year high of $194.81.

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

Boot Barn Company Profile

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.