State of New Jersey Common Pension Fund D Has $2.10 Million Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

State of New Jersey Common Pension Fund D lessened its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 47.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,314 shares of the company’s stock after selling 14,672 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Boot Barn were worth $2,103,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BOOT. First Horizon Advisors Inc. lifted its holdings in Boot Barn by 11.2% in the second quarter. First Horizon Advisors Inc. now owns 931 shares of the company’s stock valued at $120,000 after buying an additional 94 shares during the period. Shaker Investments LLC OH raised its position in shares of Boot Barn by 1.6% during the 2nd quarter. Shaker Investments LLC OH now owns 6,452 shares of the company’s stock valued at $832,000 after acquiring an additional 102 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Boot Barn by 9.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,461 shares of the company’s stock valued at $188,000 after purchasing an additional 126 shares during the period. Tilia Fiduciary Partners Inc. boosted its position in shares of Boot Barn by 1.4% in the 2nd quarter. Tilia Fiduciary Partners Inc. now owns 10,209 shares of the company’s stock worth $1,316,000 after purchasing an additional 136 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Boot Barn by 111.1% during the second quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock worth $34,000 after purchasing an additional 140 shares during the period.

Analyst Ratings Changes

BOOT has been the topic of several analyst reports. Robert W. Baird increased their target price on Boot Barn from $132.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. TD Cowen increased their price target on shares of Boot Barn from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Piper Sandler boosted their price objective on shares of Boot Barn from $144.00 to $147.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. UBS Group upped their target price on shares of Boot Barn from $125.00 to $127.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Finally, Citigroup lifted their price target on shares of Boot Barn from $122.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $141.10.

Boot Barn Stock Performance

NYSE:BOOT opened at $167.81 on Friday. The stock has a 50-day simple moving average of $134.96 and a 200 day simple moving average of $118.08. Boot Barn Holdings, Inc. has a 52-week low of $66.73 and a 52-week high of $168.70. The company has a market cap of $5.10 billion, a PE ratio of 35.03 and a beta of 2.11.

Boot Barn (NYSE:BOOT) last issued 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 during the quarter, compared to analysts’ expectations of $415.04 million. Boot Barn had a net margin of 8.89% and a return on equity of 16.44%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the business earned $1.11 EPS. On average, research analysts predict that Boot Barn Holdings, Inc. will post 5.3 earnings per share for the current fiscal year.

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.