Boot Barn Holdings, Inc. $BOOT Holdings Trimmed by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp cut its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 13.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 24,181 shares of the company’s stock after selling 3,879 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Boot Barn were worth $3,676,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Bessemer Group Inc. raised its holdings in shares of Boot Barn by 134.2% in the 2nd quarter. Bessemer Group Inc. now owns 185 shares of the company’s stock worth $28,000 after purchasing an additional 106 shares in the last quarter. Maseco LLP acquired a new position in Boot Barn in the second quarter worth approximately $40,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Boot Barn in the first quarter valued at $44,000. Bayforest Capital Ltd acquired a new stake in shares of Boot Barn during the 1st quarter valued at $48,000. Finally, Advisors Asset Management Inc. lifted its position in shares of Boot Barn by 202.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 427 shares of the company’s stock valued at $65,000 after acquiring an additional 286 shares during the last quarter.

Insiders Place Their Bets

In related news, Chairman Peter Starrett sold 6,498 shares of the stock in a transaction on 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gene Eddie Burt sold 1,200 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $191.41, for a total value of $229,692.00. Following the completion of the transaction, the director owned 3,338 shares in the company, valued at $638,926.58. This trade represents a 26.44% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.66% of the company’s stock.

Boot Barn Price Performance

NYSE:BOOT opened at $189.55 on Friday. The stock has a market cap of $5.78 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 1.59 and a beta of 1.59. Boot Barn Holdings, Inc. has a fifty-two week low of $86.17 and a fifty-two week high of $210.25. The stock’s 50-day moving average is $189.66 and its two-hundred day moving average is $176.42.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.26 by $0.11. Boot Barn had a net margin of 10.05% and a return on equity of 18.11%. The business had revenue of $505.40 million during the quarter, compared to analysts’ expectations of $493.70 million. During the same period last year, the company posted $0.95 earnings per share. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS and its FY 2026 guidance at 6.750-7.150 EPS. On average, equities research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group started coverage on Boot Barn in a research report on Thursday, December 11th. They set a “buy” rating and a $225.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Boot Barn in a research note on Wednesday, October 8th. UBS Group lifted their target price on shares of Boot Barn from $241.00 to $248.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Cowen restated a “buy” rating on shares of Boot Barn in a report on Thursday, October 30th. Finally, Seaport Res Ptn lowered shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $198.00.

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.