Teachers Retirement System of The State of Kentucky Sells 7,415 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Teachers Retirement System of The State of Kentucky trimmed its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 33.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,879 shares of the company's stock after selling 7,415 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Boot Barn were worth $2,489,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Algert Global LLC raised its position in shares of Boot Barn by 653.9% in the third quarter. Algert Global LLC now owns 23,001 shares of the company's stock valued at $3,848,000 after purchasing an additional 19,950 shares during the period. Public Sector Pension Investment Board grew its stake in Boot Barn by 7.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 66,902 shares of the company's stock valued at $8,626,000 after buying an additional 4,785 shares during the last quarter. Blueshift Asset Management LLC bought a new position in Boot Barn in the 3rd quarter valued at about $3,343,000. Raymond James & Associates lifted its position in Boot Barn by 1.8% during the second quarter. Raymond James & Associates now owns 49,263 shares of the company's stock worth $6,351,000 after acquiring an additional 875 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Boot Barn by 51.1% during the third quarter. Victory Capital Management Inc. now owns 14,362 shares of the company's stock worth $2,402,000 after acquiring an additional 4,856 shares during the period.

Wall Street Analyst Weigh In

BOOT has been the topic of a number of recent research reports. Benchmark reiterated a "buy" rating and set a $192.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. Piper Sandler reissued an "overweight" rating and set a $179.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. UBS Group boosted their target price on shares of Boot Barn from $127.00 to $165.00 and gave the company a "neutral" rating in a research report on Wednesday, October 16th. BTIG Research raised their price target on shares of Boot Barn from $165.00 to $185.00 and gave the stock a "buy" rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Boot Barn from $160.00 to $181.00 and gave the company an "overweight" rating in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Boot Barn currently has a consensus rating of "Moderate Buy" and a consensus price target of $164.55.

Boot Barn Stock Up 3.0 %

Shares of BOOT stock traded up $4.40 during trading hours on Monday, reaching $148.89. The company's stock had a trading volume of 618,765 shares, compared to its average volume of 763,244. Boot Barn Holdings, Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $169.83. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 29.01 and a beta of 2.14. The firm's 50 day simple moving average is $145.52 and its 200-day simple moving average is $139.53.

Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.02. The business had revenue of $425.80 million for 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 revenue was up 13.7% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share. Sell-side analysts predict that Boot Barn Holdings, Inc. will post 5.48 earnings per share 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.