Louisiana State Employees Retirement System Invests $1.98 Million in Boot Barn Holdings, Inc. $BOOT

Louisiana State Employees Retirement System acquired a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 13,500 shares of the company’s stock, valued at approximately $1,976,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BOOT. IFP Advisors Inc grew its position in shares of Boot Barn by 7.2% during the 4th quarter. IFP Advisors Inc now owns 942 shares of the company’s stock worth $166,000 after buying an additional 63 shares during the period. Cynosure Group LLC raised its position in shares of Boot Barn by 3.3% in the 4th quarter. Cynosure Group LLC now owns 2,435 shares of the company’s stock valued at $430,000 after acquiring an additional 78 shares during the period. GAMMA Investing LLC boosted its stake in Boot Barn by 5.6% during the 4th quarter. GAMMA Investing LLC now owns 1,505 shares of the company’s stock worth $266,000 after acquiring an additional 80 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Boot Barn by 20.7% during the 4th quarter. Farther Finance Advisors LLC now owns 496 shares of the company’s stock worth $88,000 after acquiring an additional 85 shares during the last quarter. Finally, State of Wisconsin Investment Board grew its holdings in Boot Barn by 0.3% during the fourth quarter. State of Wisconsin Investment Board now owns 33,374 shares of the company’s stock valued at $5,890,000 after purchasing an additional 89 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Jefferies Financial Group upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a report on Monday, April 6th. Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a research note on Monday, May 4th. BTIG Research reissued a “buy” rating and issued a $235.00 target price on shares of Boot Barn in a research note on Friday, May 15th. UBS Group set a $225.00 price target on Boot Barn in a report on Wednesday, June 17th. Finally, Zacks Research cut Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Boot Barn presently has a consensus rating of “Moderate Buy” and a consensus target price of $226.92.

Boot Barn Trading Down 0.3%

Shares of NYSE BOOT opened at $164.11 on Wednesday. The firm has a market cap of $4.98 billion, a PE ratio of 22.33, a PEG ratio of 1.15 and a beta of 1.70. Boot Barn Holdings, Inc. has a 1-year low of $133.18 and a 1-year high of $210.25. The company has a fifty day moving average price of $164.17 and a 200 day moving average price of $173.69.

Boot Barn (NYSE:BOOT) last announced its earnings results on Thursday, May 14th. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.The business had revenue of $538.75 million for the quarter, compared to analyst estimates of $531.43 million. During the same quarter last year, the firm earned $1.22 EPS. Boot Barn’s revenue for the quarter was up 18.7% compared to the same quarter last year. Boot Barn has set its Q1 2027 guidance at 1.620-1.710 EPS and its FY 2027 guidance at 8.210-8.640 EPS. Equities research analysts forecast that Boot Barn Holdings, Inc. will post 8.55 EPS for the current year.

About Boot Barn

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.