Maryland State Retirement & Pension System Has $728,000 Holdings in Boot Barn Holdings, Inc. $BOOT

Maryland State Retirement & Pension System trimmed its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 51.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,393 shares of the company’s stock after selling 4,598 shares during the period. Maryland State Retirement & Pension System’s holdings in Boot Barn were worth $728,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Evergreen Capital Management LLC increased its stake in Boot Barn by 10.6% during the 3rd quarter. Evergreen Capital Management LLC now owns 3,372 shares of the company’s stock worth $559,000 after acquiring an additional 323 shares during the period. Forum Financial Management LP bought a new stake in shares of Boot Barn during the 3rd quarter valued at $204,000. ORG Partners LLC acquired a new stake in shares of Boot Barn during the 3rd quarter worth $25,000. Campbell Newman Asset Management Inc. increased its position in shares of Boot Barn by 0.5% in the third quarter. Campbell Newman Asset Management Inc. now owns 12,944 shares of the company’s stock worth $2,145,000 after purchasing an additional 60 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in shares of Boot Barn by 101.4% in the third quarter. Nisa Investment Advisors LLC now owns 3,186 shares of the company’s stock worth $528,000 after purchasing an additional 1,604 shares during the period.

Analyst Ratings Changes

BOOT has been the topic of a number of analyst reports. Jefferies Financial Group increased their price objective on shares of Boot Barn from $180.00 to $195.00 and gave the stock a “hold” rating in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Boot Barn in a report on Wednesday, October 8th. Citigroup increased their price target on shares of Boot Barn from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. TD Cowen restated a “buy” rating on shares of Boot Barn in a research report on Thursday, October 30th. Finally, UBS Group raised their target price on Boot Barn from $248.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Boot Barn currently has a consensus rating of “Moderate Buy” and an average price target of $206.08.

Insiders Place Their Bets

In other news, Chairman Peter Starrett sold 6,498 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $190.00, for a total value of $1,234,620.00. Following the completion of the transaction, the chairman owned 9,599 shares of the company’s stock, valued at $1,823,810. This represents a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gene Eddie Burt sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $191.41, for a total transaction of $229,692.00. Following the completion of the transaction, the director owned 3,338 shares of the company’s stock, valued at approximately $638,926.58. This trade represents a 26.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.66% of the company’s stock.

Boot Barn Price Performance

BOOT stock opened at $198.64 on Thursday. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 29.38, a P/E/G ratio of 1.46 and a beta of 1.61. The company has a 50 day simple moving average of $190.63 and a 200 day simple moving average of $181.38. Boot Barn Holdings, Inc. has a 1 year low of $86.17 and a 1 year high of $210.25.

Boot Barn (NYSE:BOOT) last posted its earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.11. The firm had revenue of $505.40 million for the quarter, compared to analysts’ expectations of $493.70 million. Boot Barn had a net margin of 10.05% and a return on equity of 18.11%. The company’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 earnings per share. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS and its FY 2026 guidance at 6.750-7.150 EPS. On average, equities research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal 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.