Teacher Retirement System of Texas Sells 862 Shares of Boot Barn Holdings, Inc. $BOOT

Teacher Retirement System of Texas decreased its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 8.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,809 shares of the company’s stock after selling 862 shares during the quarter. Teacher Retirement System of Texas’ holdings in Boot Barn were worth $1,339,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Invesco Ltd. grew its holdings in shares of Boot Barn by 24.8% in the 1st quarter. Invesco Ltd. now owns 903,453 shares of the company’s stock worth $97,058,000 after purchasing an additional 179,710 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Boot Barn by 15.3% in the 1st quarter. American Century Companies Inc. now owns 569,390 shares of the company’s stock worth $61,170,000 after purchasing an additional 75,413 shares during the last quarter. Stephens Investment Management Group LLC grew its holdings in shares of Boot Barn by 13.4% in the 2nd quarter. Stephens Investment Management Group LLC now owns 528,103 shares of the company’s stock worth $80,272,000 after purchasing an additional 62,316 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Boot Barn by 42.1% in the 1st quarter. Ameriprise Financial Inc. now owns 503,619 shares of the company’s stock worth $54,110,000 after purchasing an additional 149,115 shares during the last quarter. Finally, Congress Asset Management Co. grew its holdings in shares of Boot Barn by 0.3% in the 2nd quarter. Congress Asset Management Co. now owns 459,153 shares of the company’s stock worth $69,791,000 after purchasing an additional 1,478 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. TD Cowen increased their price objective on shares of Boot Barn from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. KeyCorp increased their price objective on shares of Boot Barn from $195.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. UBS Group increased their price objective on shares of Boot Barn from $241.00 to $248.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Boot Barn in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Boot Barn from $264.00 to $276.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Boot Barn currently has an average rating of “Moderate Buy” and a consensus target price of $195.25.

Boot Barn Price Performance

Shares of NYSE:BOOT opened at $187.52 on Thursday. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 27.74, a P/E/G ratio of 1.94 and a beta of 1.61. The firm’s 50 day simple moving average is $180.53 and its 200 day simple moving average is $163.68. Boot Barn Holdings, Inc. has a fifty-two week low of $86.17 and a fifty-two week high of $205.31.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. The business had revenue of $505.40 million for the quarter, compared to the consensus estimate of $493.70 million. Boot Barn had a net margin of 10.05% and a return on equity of 18.41%. Boot Barn’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period last year, the company posted $0.95 EPS. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS. FY 2026 guidance at 6.750-7.150 EPS. Equities research analysts expect that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Insider Buying and Selling at Boot Barn

In related news, Chairman Peter Starrett sold 6,498 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $190.00, for a total value of $1,234,620.00. Following the sale, the chairman directly owned 9,599 shares in the company, valued at $1,823,810. This trade represents a 40.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.66% of the stock is owned by corporate insiders.

About Boot Barn

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.