Teachers Retirement System of The State of Kentucky Sells 5,741 Shares of Boot Barn Holdings, Inc. $BOOT

Key Points

• Teachers Retirement System of Kentucky cut its stake in Boot Barn by 26.0% in Q3, selling 5,741 shares and retaining 16,371 shares valued at about $2.71 million (roughly 0.05% of the company).
• Boot Barn beat estimates with $2.79 EPS on $705.6M revenue (up 16% YoY), provided FY2026 guidance of 7.25–7.35 EPS, and enjoys a largely bullish analyst consensus with a "Buy" rating and average price target of $217.

Teachers Retirement System of The State of Kentucky cut its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 26.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,371 shares of the company's stock after selling 5,741 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.05% of Boot Barn worth $2,713,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC purchased a new position in shares of Boot Barn in the 3rd quarter worth about $25,000. Bessemer Group Inc. raised its position in Boot Barn by 134.2% in the second quarter. Bessemer Group Inc. now owns 185 shares of the company's stock worth $28,000 after acquiring an additional 106 shares during the period. Parkside Financial Bank & Trust boosted its stake in Boot Barn by 164.4% in the third quarter. Parkside Financial Bank & Trust now owns 193 shares of the company's stock valued at $32,000 after acquiring an additional 120 shares during the last quarter. Salomon & Ludwin LLC bought a new position in shares of Boot Barn during the 3rd quarter valued at approximately $42,000. Finally, Independence Bank of Kentucky purchased a new stake in shares of Boot Barn during the 3rd quarter worth approximately $46,000.

Analyst Ratings Changes

Several equities analysts have weighed in on BOOT shares. Zacks Research raised Boot Barn from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 3rd. Weiss Ratings upgraded Boot Barn from a "hold (c)" rating to a "buy (b-)" rating in a research note on Wednesday, February 18th. Citigroup increased their price target on Boot Barn from $230.00 to $232.00 and gave the stock a "buy" rating in a research note on Thursday, February 5th. BTIG Research reissued a "buy" rating and issued a $235.00 price objective on shares of Boot Barn in a report on Thursday, February 5th. Finally, Piper Sandler boosted their price objective on Boot Barn from $229.00 to $230.00 and gave the company an "overweight" rating in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $217.00.

Boot Barn Price Performance

Shares of Boot Barn stock opened at $184.24 on Thursday. The company has a 50 day simple moving average of $189.14 and a two-hundred day simple moving average of $185.41. The firm has a market cap of $5.60 billion, a PE ratio of 25.88, a PEG ratio of 1.33 and a beta of 1.66. Boot Barn Holdings, Inc. has a 1 year low of $86.17 and a 1 year high of $210.25.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its earnings results on Wednesday, February 4th. The company reported $2.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.79. The company had revenue of $705.64 million during the quarter, compared to analyst estimates of $700.71 million. Boot Barn had a net margin of 10.10% and a return on equity of 18.28%. The firm's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.43 earnings per share. 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. As a group, research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Boot Barn Profile

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.

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