Public Sector Pension Investment Board Lowers Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Public Sector Pension Investment Board trimmed its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,702 shares of the company’s stock after selling 2,200 shares during the period. Public Sector Pension Investment Board owned about 0.21% of Boot Barn worth $10,823,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Westwood Holdings Group Inc. lifted its position in shares of Boot Barn by 29.4% in the first quarter. Westwood Holdings Group Inc. now owns 545,644 shares of the company’s stock valued at $51,918,000 after acquiring an additional 124,060 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Boot Barn by 0.4% in the third quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company’s stock worth $82,895,000 after purchasing an additional 1,834 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Boot Barn by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 352,698 shares of the company’s stock worth $58,999,000 after purchasing an additional 6,335 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Boot Barn by 3.6% in the second quarter. Bank of New York Mellon Corp now owns 259,885 shares of the company’s stock worth $33,507,000 after purchasing an additional 9,126 shares during the last quarter. Finally, Tributary Capital Management LLC increased its holdings in shares of Boot Barn by 0.3% in the second quarter. Tributary Capital Management LLC now owns 218,817 shares of the company’s stock worth $28,212,000 after purchasing an additional 649 shares during the last quarter.

Boot Barn Stock Performance

BOOT opened at $136.23 on Friday. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 27.36 and a beta of 2.16. The stock’s 50 day moving average price is $150.38 and its 200-day moving average price is $136.47. Boot Barn Holdings, Inc. has a one year low of $68.37 and a one year high of $169.83.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. The firm had revenue of $425.80 million during the quarter, compared to analyst estimates of $424.42 million. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. Boot Barn’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. As a group, analysts predict that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BOOT. BTIG Research lifted their target price on Boot Barn from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $179.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. UBS Group boosted their price objective on Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Craig Hallum cut Boot Barn from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $154.00 to $162.00 in a research note on Friday, October 25th. Finally, Robert W. Baird raised Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price objective on the stock in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Boot Barn has a consensus rating of “Moderate Buy” and a consensus target price of $164.55.

About Boot Barn

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.