Teacher Retirement System of Texas Acquires 10,048 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Teacher Retirement System of Texas boosted its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 83.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,141 shares of the company’s stock after purchasing an additional 10,048 shares during the quarter. Teacher Retirement System of Texas owned about 0.07% of Boot Barn worth $3,361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stephens Investment Management Group LLC bought a new stake in shares of Boot Barn in the fourth quarter valued at approximately $46,699,000. Proficio Capital Partners LLC acquired a new position in Boot Barn during the 4th quarter valued at $45,177,000. Raymond James Financial Inc. bought a new stake in Boot Barn in the 4th quarter valued at $42,440,000. Artemis Investment Management LLP acquired a new stake in Boot Barn in the 4th quarter worth $36,361,000. Finally, TimesSquare Capital Management LLC increased its holdings in shares of Boot Barn by 134.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 289,641 shares of the company’s stock worth $43,973,000 after purchasing an additional 166,121 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BOOT shares. Piper Sandler reiterated an “overweight” rating and issued a $181.00 target price (up previously from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. Craig Hallum set a $178.00 price objective on Boot Barn in a research report on Friday, January 31st. UBS Group reduced their target price on Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. BTIG Research boosted their price target on shares of Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, StockNews.com downgraded shares of Boot Barn from a “hold” rating to a “sell” rating in a report on Monday, February 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $181.92.

Insider Transactions at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total value of $965,456.78. Following the completion of the transaction, the chief executive officer now owns 3,937 shares in the company, valued at $602,282.26. The trade was a 61.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.00% of the stock is owned by company insiders.

Boot Barn Trading Up 7.7 %

Shares of Boot Barn stock opened at $112.75 on Tuesday. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 1.17 and a beta of 2.07. The firm’s 50-day moving average price is $133.66 and its two-hundred day moving average price is $144.49. Boot Barn Holdings, Inc. has a 1-year low of $84.83 and a 1-year high of $176.64.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. As a group, equities research analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS 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.