State of New Jersey Common Pension Fund D Has $2.67 Million Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

State of New Jersey Common Pension Fund D boosted its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 26.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 34,747 shares of the company’s stock after acquiring an additional 7,217 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Boot Barn were worth $2,667,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Bailard Inc. purchased a new position in Boot Barn during the 4th quarter worth $399,000. Yousif Capital Management LLC boosted its holdings in Boot Barn by 7.2% during the 4th quarter. Yousif Capital Management LLC now owns 15,962 shares of the company’s stock worth $1,225,000 after acquiring an additional 1,068 shares during the last quarter. abrdn plc boosted its holdings in Boot Barn by 1.1% during the 4th quarter. abrdn plc now owns 306,717 shares of the company’s stock worth $23,544,000 after acquiring an additional 3,451 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its holdings in Boot Barn by 98.1% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 92,974 shares of the company’s stock worth $7,137,000 after acquiring an additional 46,037 shares during the last quarter. Finally, Phocas Financial Corp. boosted its holdings in Boot Barn by 2.6% during the 4th quarter. Phocas Financial Corp. now owns 44,202 shares of the company’s stock worth $3,393,000 after acquiring an additional 1,102 shares during the last quarter.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, CEO James Grant Conroy sold 19,478 shares of Boot Barn stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $92.38, for a total transaction of $1,799,377.64. Following the completion of the transaction, the chief executive officer now owns 46,273 shares of the company’s stock, valued at approximately $4,274,699.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Boot Barn news, insider Laurie Marie Grijalva sold 5,861 shares of Boot Barn stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $90.31, for a total transaction of $529,306.91. Following the completion of the transaction, the insider now owns 5,861 shares of the company’s stock, valued at approximately $529,306.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James Grant Conroy sold 19,478 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $92.38, for a total value of $1,799,377.64. Following the transaction, the chief executive officer now directly owns 46,273 shares of the company’s stock, valued at approximately $4,274,699.74. The disclosure for this sale can be found here. Insiders sold 26,339 shares of company stock valued at $2,413,715 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Boot Barn Stock Performance

Shares of Boot Barn stock opened at $106.44 on Wednesday. Boot Barn Holdings, Inc. has a 52-week low of $64.33 and a 52-week high of $110.89. The stock’s 50-day simple moving average is $94.25 and its 200 day simple moving average is $82.23. The stock has a market capitalization of $3.23 billion, a P/E ratio of 19.83 and a beta of 2.19.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.01. The business had revenue of $520.40 million for the quarter, compared to analysts’ expectations of $520.34 million. Boot Barn had a return on equity of 19.52% and a net margin of 9.62%. Equities research analysts forecast that Boot Barn Holdings, Inc. will post 4.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. UBS Group raised shares of Boot Barn from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $75.00 to $108.00 in a report on Friday, January 5th. Williams Trading reiterated a “hold” rating on shares of Boot Barn in a research note on Tuesday, January 16th. Piper Sandler lifted their target price on Boot Barn from $94.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. TD Cowen lifted their target price on Boot Barn from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday. Finally, BTIG Research lifted their target price on Boot Barn from $100.00 to $127.00 and gave the stock a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Boot Barn presently has an average rating of “Moderate Buy” and an average price target of $109.11.

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.