Public Sector Pension Investment Board Buys 14,836 Shares of Boot Barn Holdings, Inc. $BOOT

Public Sector Pension Investment Board grew its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 14.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 119,177 shares of the company’s stock after acquiring an additional 14,836 shares during the quarter. Public Sector Pension Investment Board owned about 0.39% of Boot Barn worth $19,750,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Azzad Asset Management Inc. ADV boosted its position in Boot Barn by 0.5% during the third quarter. Azzad Asset Management Inc. ADV now owns 21,919 shares of the company’s stock valued at $3,632,000 after purchasing an additional 104 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Boot Barn by 9.4% during the third quarter. Smartleaf Asset Management LLC now owns 928 shares of the company’s stock valued at $154,000 after buying an additional 80 shares during the last quarter. Alps Advisors Inc. purchased a new stake in shares of Boot Barn during the third quarter valued at about $428,000. Portside Wealth Group LLC boosted its holdings in shares of Boot Barn by 74.7% in the 3rd quarter. Portside Wealth Group LLC now owns 3,978 shares of the company’s stock valued at $659,000 after buying an additional 1,701 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Boot Barn by 409.2% in the 3rd quarter. Bessemer Group Inc. now owns 942 shares of the company’s stock worth $155,000 after buying an additional 757 shares during the last quarter.

Insiders Place Their Bets

In other Boot Barn news, Director Gene Eddie Burt sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $191.41, for a total transaction of $229,692.00. Following the completion of the transaction, the director directly owned 3,338 shares of the company’s stock, valued at approximately $638,926.58. This trade represents a 26.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

BOOT has been the subject of a number of analyst reports. TD Cowen reissued a “buy” rating on shares of Boot Barn in a research report on Thursday, October 30th. Seaport Research Partners lowered Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Jefferies Financial Group raised their price objective on Boot Barn from $180.00 to $195.00 and gave the stock a “hold” rating in a research report on Monday, January 12th. BTIG Research reaffirmed a “buy” rating and set a $235.00 target price on shares of Boot Barn in a research report on Thursday, February 5th. Finally, Zacks Research upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Boot Barn currently has an average rating of “Moderate Buy” and an average target price of $217.00.

Boot Barn Price Performance

NYSE BOOT opened at $188.15 on Friday. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 26.42, a PEG ratio of 1.32 and a beta of 1.67. The stock’s fifty day moving average price is $190.18 and its 200 day moving average price is $183.15. Boot Barn Holdings, Inc. has a 1 year low of $86.17 and a 1 year high of $210.25.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $2.79 EPS for the quarter, hitting analysts’ consensus estimates of $2.79. The company had revenue of $705.64 million during the quarter, compared to analysts’ expectations of $700.71 million. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The firm’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.43 EPS. Boot Barn has set its FY 2026 guidance at 7.250-7.350 EPS and its Q4 2026 guidance at 1.350-1.450 EPS. Research analysts expect that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

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.