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

Louisiana State Employees Retirement System acquired a new position in Boot Barn Holdings, Inc. (NYSE:BOOT) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 13,500 shares of the company’s stock, valued at approximately $1,976,000.

A number of other institutional investors have also recently bought and sold shares of the business. Los Angeles Capital Management LLC acquired a new stake in shares of Boot Barn during the 4th quarter worth $29,000. Caitong International Asset Management Co. Ltd bought a new stake in Boot Barn during the third quarter worth about $49,000. Danske Bank A S grew its stake in Boot Barn by 200.0% during the fourth quarter. Danske Bank A S now owns 300 shares of the company’s stock worth $53,000 after buying an additional 200 shares in the last quarter. Hantz Financial Services Inc. grew its stake in Boot Barn by 284.1% during the fourth quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock worth $60,000 after buying an additional 250 shares in the last quarter. Finally, Global Retirement Partners LLC increased its holdings in Boot Barn by 702.3% in the 4th quarter. Global Retirement Partners LLC now owns 353 shares of the company’s stock valued at $62,000 after buying an additional 309 shares during the period.

Boot Barn Stock Down 0.3%

NYSE BOOT opened at $164.11 on Wednesday. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 1.15 and a beta of 1.70. Boot Barn Holdings, Inc. has a twelve month low of $133.18 and a twelve month high of $210.25. The business’s fifty day moving average is $164.17 and its 200 day moving average is $173.69.

Boot Barn (NYSE:BOOT) last posted its earnings results on Thursday, May 14th. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.43 by $0.02. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.The firm had revenue of $538.75 million during the quarter, compared to the consensus estimate of $531.43 million. During the same period last year, the company earned $1.22 earnings per share. The business’s quarterly revenue was up 18.7% on a year-over-year basis. 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. On average, research analysts anticipate that Boot Barn Holdings, Inc. will post 8.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a report on Monday, April 6th. Robert W. Baird lowered their price objective on shares of Boot Barn from $244.00 to $225.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Zacks Research cut Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. UBS Group set a $225.00 price target on Boot Barn in a research note on Wednesday, June 17th. Finally, Weiss Ratings downgraded Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and an average target price of $226.92.

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.