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

State of New Jersey Common Pension Fund D decreased its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 47.4% in the second quarter, according to the company in 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 owned 0.05% of Boot Barn worth $2,103,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BOOT. GAMMA Investing LLC boosted its position in shares of Boot Barn by 111.1% in the second quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock valued at $34,000 after acquiring an additional 140 shares during the period. 1620 Investment Advisors Inc. bought a new stake in Boot Barn in the 2nd quarter valued at $84,000. Quest Partners LLC acquired a new stake in Boot Barn in the 4th quarter worth $112,000. First Horizon Advisors Inc. increased its holdings in shares of Boot Barn by 11.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 931 shares of the company’s stock worth $120,000 after purchasing an additional 94 shares during the period. Finally, Neo Ivy Capital Management acquired a new position in shares of Boot Barn during the fourth quarter valued at about $165,000.

Analyst Ratings Changes

A number of research firms recently weighed in on BOOT. JPMorgan Chase & Co. lifted their target price on Boot Barn from $146.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. UBS Group boosted their price objective on Boot Barn from $125.00 to $127.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Piper Sandler upped their target price on Boot Barn from $144.00 to $147.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. 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 note on Friday, July 19th. Finally, TD Cowen increased their price objective on shares of Boot Barn from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Boot Barn presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.10.

Boot Barn Stock Up 1.0 %

Shares of Boot Barn stock opened at $167.81 on Friday. The stock has a market capitalization of $5.10 billion, a P/E ratio of 35.03 and a beta of 2.11. Boot Barn Holdings, Inc. has a 12-month low of $66.73 and a 12-month high of $168.70. The company has a 50-day simple moving average of $134.96 and a 200 day simple moving average of $118.08.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.18. Boot Barn had a return on equity of 16.44% and a net margin of 8.89%. The business had revenue of $423.40 million for the quarter, compared to analyst estimates of $415.04 million. During the same period in the prior year, the company earned $1.11 EPS. Boot Barn’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, equities analysts anticipate that Boot Barn Holdings, Inc. will post 5.3 earnings per share for the current 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.