Public Employees Retirement System of Ohio Acquires New Stake in Boot Barn Holdings, Inc. $BOOT

Public Employees Retirement System of Ohio acquired a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 37,799 shares of the company’s stock, valued at approximately $6,209,000. Public Employees Retirement System of Ohio owned approximately 0.12% of Boot Barn at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its holdings in shares of Boot Barn by 361.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 48,448 shares of the company’s stock worth $7,091,000 after buying an additional 37,951 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Boot Barn by 11.4% during the fourth quarter. Principal Financial Group Inc. now owns 393,098 shares of the company’s stock valued at $69,370,000 after buying an additional 40,282 shares during the period. UBS Group AG lifted its stake in shares of Boot Barn by 16.4% during the fourth quarter. UBS Group AG now owns 172,380 shares of the company’s stock valued at $30,420,000 after buying an additional 24,229 shares during the period. Fifth Third Bancorp boosted its position in Boot Barn by 15,768.5% during the first quarter. Fifth Third Bancorp now owns 34,276 shares of the company’s stock worth $5,017,000 after acquiring an additional 34,060 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in Boot Barn by 335.5% during the first quarter. Hsbc Holdings PLC now owns 14,527 shares of the company’s stock worth $2,132,000 after acquiring an additional 11,191 shares during the last quarter.

Boot Barn Trading Down 1.2%

Shares of Boot Barn stock opened at $148.86 on Wednesday. Boot Barn Holdings, Inc. has a twelve month low of $133.18 and a twelve month high of $210.25. The stock has a market capitalization of $4.51 billion, a P/E ratio of 18.84, a PEG ratio of 0.97 and a beta of 1.71. The business’s fifty day moving average price is $159.30 and its 200 day moving average price is $163.63.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.60. The firm had revenue of $593.51 million during the quarter, compared to the consensus estimate of $583.15 million. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.74 earnings per share. 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 predict that Boot Barn Holdings, Inc. will post 9.18 EPS for the current year.

Analyst Ratings Changes

BOOT has been the subject of several analyst reports. Piper Sandler cut their price target on Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Bank of America decreased their price objective on Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a report on Friday, May 15th. UBS Group set a $225.00 price objective on Boot Barn in a research report on Wednesday, June 17th. Zacks Research upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings lowered Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $219.55.

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.