Teachers Retirement System of The State of Kentucky decreased its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 33.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,879 shares of the company's stock after selling 7,415 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Boot Barn were worth $2,489,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. SG Americas Securities LLC lifted its stake in Boot Barn by 68.1% in the 2nd quarter. SG Americas Securities LLC now owns 4,399 shares of the company's stock valued at $567,000 after acquiring an additional 1,782 shares in the last quarter. Raymond James & Associates lifted its position in shares of Boot Barn by 1.8% in the second quarter. Raymond James & Associates now owns 49,263 shares of the company's stock worth $6,351,000 after purchasing an additional 875 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Boot Barn by 9.4% in the second quarter. Nisa Investment Advisors LLC now owns 1,461 shares of the company's stock worth $188,000 after purchasing an additional 126 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in Boot Barn by 11.2% during the second quarter. First Horizon Advisors Inc. now owns 931 shares of the company's stock worth $120,000 after purchasing an additional 94 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in Boot Barn in the second quarter valued at $84,000.
Several brokerages have commented on BOOT. JPMorgan Chase & Co. boosted their price target on shares of Boot Barn from $160.00 to $181.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. Craig Hallum lowered Boot Barn from a "buy" rating to a "hold" rating and upped their target price for the stock from $154.00 to $162.00 in a report on Friday, October 25th. Robert W. Baird raised Boot Barn from a "neutral" rating to an "outperform" rating and set a $167.00 price target for the company in a research report on Wednesday, October 30th. Benchmark reaffirmed a "buy" rating and set a $192.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Finally, UBS Group upped their price objective on Boot Barn from $127.00 to $165.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $164.55.
Read Our Latest Stock Analysis on BOOT
BOOT opened at $144.49 on Monday. Boot Barn Holdings, Inc. has a 12-month low of $68.37 and a 12-month high of $169.83. The business has a 50 day moving average of $145.52 and a 200-day moving average of $139.53. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 29.01 and a beta of 2.14.
Boot Barn (NYSE:BOOT - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.02. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The business had revenue of $425.80 million during the quarter, compared to the consensus estimate of $424.42 million. During the same quarter last year, the firm posted $0.91 EPS. The company's quarterly revenue was up 13.7% on a year-over-year basis. As a group, analysts expect that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current year.
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.
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