California State Teachers Retirement System Sells 1,299 Shares of Boot Barn Holdings, Inc. $BOOT

California State Teachers Retirement System cut its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 3.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,084 shares of the company's stock after selling 1,299 shares during the period. California State Teachers Retirement System owned 0.12% of Boot Barn worth $5,763,249 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. IFP Advisors Inc lifted its holdings in shares of Boot Barn by 7.2% in the 4th quarter. IFP Advisors Inc now owns 942 shares of the company's stock worth $166,000 after acquiring an additional 63 shares during the last quarter. OLD National Bancorp IN increased its holdings in Boot Barn by 8.7% in the first quarter. OLD National Bancorp IN now owns 1,556 shares of the company's stock valued at $228,000 after buying an additional 125 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Boot Barn by 2.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,044 shares of the company's stock valued at $738,000 after buying an additional 131 shares in the last quarter. ProShare Advisors LLC boosted its stake in Boot Barn by 3.0% in the 4th quarter. ProShare Advisors LLC now owns 5,972 shares of the company's stock worth $1,054,000 after purchasing an additional 175 shares during the period. Finally, KBC Group NV raised its position in shares of Boot Barn by 21.3% in the first quarter. KBC Group NV now owns 1,064 shares of the company's stock valued at $156,000 after purchasing an additional 187 shares during the period.

Analyst Ratings Changes

A number of equities research analysts recently commented on BOOT shares. Zacks Research upgraded shares of Boot Barn from a "hold" rating to a "strong-buy" rating in a report on Monday, August 3rd. BTIG Research reissued a "buy" rating and set a $215.00 price target on shares of Boot Barn in a research note on Tuesday. Stephens boosted their target price on Boot Barn from $196.00 to $207.00 and gave the stock an "overweight" rating in a research report on Monday, August 10th. UBS Group set a $225.00 target price on Boot Barn in a report on Wednesday, June 17th. Finally, Weiss Ratings downgraded shares of Boot Barn from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Boot Barn currently has a consensus rating of "Buy" and an average price target of $219.55.

Key Stories Impacting Boot Barn

Here are the key news stories impacting Boot Barn this week:

• Positive Sentiment: BTIG reaffirmed its “buy” rating and set a $215 price target, implying substantial upside from recent trading levels. The bullish view reflects confidence in Boot Barn’s long-term growth prospects. Boot Barn buy rating reaffirmed by BTIG Research
• Positive Sentiment: Recent quarterly results exceeded expectations. Boot Barn reported $2.29 in earnings per share versus a $1.69 consensus estimate, while revenue rose 17.7% year over year to $593.5 million. Management also reaffirmed its outlook and indicated it is targeting the high end of its guidance range. Boot Barn reports same-store sales growth
• Neutral Sentiment: Boot Barn is participating in investor conferences this week, including events hosted by Goldman Sachs and Piper Sandler. These presentations could provide additional commentary on sales trends, margins and expansion plans, but no new financial information was announced. Boot Barn September conference schedule
• Neutral Sentiment: Analysts continue to identify Boot Barn as a differentiated retail growth company benefiting from brand strength and omnichannel execution, although the broader apparel and footwear market remains selective. A planned Lake Elsinore store adds to the company’s expansion pipeline. Retail apparel and shoe stocks to watch
• Negative Sentiment: Valuation is the main source of selling pressure. One analysis argues that Boot Barn looks pricey based on its current earnings base, particularly as same-store sales growth was only about 2%. Investors may be concerned that the stock’s valuation already discounts much of its expected expansion, making it vulnerable if growth moderates. Boot Barn stock valuation analysis

Boot Barn Trading Down 9.9%

NYSE BOOT traded down $14.19 during trading hours on Tuesday, hitting $128.65. 1,189,168 shares of the company's stock were exchanged, compared to its average volume of 694,638. Boot Barn Holdings, Inc. has a 1-year low of $127.26 and a 1-year high of $210.25. The stock has a 50-day simple moving average of $155.98 and a 200 day simple moving average of $160.73. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 0.93 and a beta of 1.70.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.60. The firm had revenue of $593.51 million for the quarter, compared to analysts' expectations of $583.15 million. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.The company's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period last year, the firm earned $1.74 earnings per share. Boot Barn has set its FY 2027 guidance at 8.800-9.230 EPS and its Q2 2027 guidance at 1.550-1.650 EPS. On average, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 9.18 earnings per share for the current fiscal year.

Boot Barn Profile

Boot Barn Holdings, Inc is a specialty retailer focused on Western and workwear products. The company sells a broad selection of footwear, clothing, accessories and related merchandise designed for customers interested in Western lifestyles, outdoor activities and occupational work.

Its product offerings include cowboy boots, work boots, jeans, shirts, jackets, hats, belts, jewelry and safety equipment. Boot Barn carries recognized third-party brands such as Ariat, Justin, Wrangler and Carhartt, along with private-label brands including Cody James, Shyanne, Hawx and Moonshine Spirit.

Founded in 1978 in Orange County, California, Boot Barn has expanded from a single store into a multichannel retailer operating physical stores and an e-commerce platform.

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