Oregon Public Employees Retirement Fund Lowers Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

Oregon Public Employees Retirement Fund lowered its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 8.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,411 shares of the company’s stock after selling 700 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Boot Barn were worth $956,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of BOOT. GAMMA Investing LLC lifted its holdings in shares of Boot Barn by 111.1% during the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock valued at $34,000 after purchasing an additional 140 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of Boot Barn during the 2nd quarter valued at $84,000. Principal Securities Inc. purchased a new stake in shares of Boot Barn during the 4th quarter valued at $102,000. Quest Partners LLC purchased a new stake in shares of Boot Barn during the 4th quarter valued at $112,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Boot Barn by 11.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 931 shares of the company’s stock valued at $120,000 after purchasing an additional 94 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BOOT. Benchmark reiterated a “buy” rating and set a $140.00 price objective on shares of Boot Barn in a report on Tuesday, August 6th. UBS Group upped their target price on Boot Barn from $125.00 to $127.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Citigroup upped their target price on Boot Barn from $122.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Piper Sandler upped their target price on Boot Barn from $144.00 to $147.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Finally, Craig Hallum upped their target price on Boot Barn from $120.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $138.20.

Boot Barn Stock Performance

Shares of BOOT opened at $139.55 on Tuesday. The business’s 50-day moving average is $130.47 and its two-hundred day moving average is $114.81. The company has a market capitalization of $4.26 billion, a P/E ratio of 29.07 and a beta of 2.11. Boot Barn Holdings, Inc. has a fifty-two week low of $66.73 and a fifty-two week high of $143.57.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.18. The company had revenue of $423.40 million for the quarter, compared to the consensus estimate of $415.04 million. Boot Barn had a return on equity of 16.44% and a net margin of 8.89%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm earned $1.11 EPS. Analysts forecast that Boot Barn Holdings, Inc. will post 5.2 EPS for the current year.

Boot Barn 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.