State of New Jersey Common Pension Fund D Sells 2,333 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

State of New Jersey Common Pension Fund D cut its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 14.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,981 shares of the company’s stock after selling 2,333 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Boot Barn were worth $2,339,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital Research Global Investors bought a new position in shares of Boot Barn in the 1st quarter valued at about $32,779,000. Janus Henderson Group PLC grew its holdings in Boot Barn by 1,212.4% during the first quarter. Janus Henderson Group PLC now owns 285,174 shares of the company’s stock worth $27,134,000 after purchasing an additional 263,444 shares during the period. Marshall Wace LLP bought a new stake in Boot Barn in the second quarter valued at approximately $19,532,000. Westwood Holdings Group Inc. lifted its position in shares of Boot Barn by 29.4% in the first quarter. Westwood Holdings Group Inc. now owns 545,644 shares of the company’s stock valued at $51,918,000 after buying an additional 124,060 shares during the last quarter. Finally, F M Investments LLC bought a new position in shares of Boot Barn during the 2nd quarter worth approximately $14,888,000.

Boot Barn Stock Performance

NYSE:BOOT opened at $132.42 on Thursday. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 26.59 and a beta of 2.16. Boot Barn Holdings, Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $169.83. The stock has a fifty day moving average price of $152.94 and a 200-day moving average price of $134.29.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.02. The business had revenue of $425.80 million during the quarter, compared to analysts’ expectations of $424.42 million. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. Boot Barn’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 earnings per share. Research analysts predict that Boot Barn Holdings, Inc. will post 5.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BOOT shares. Benchmark reaffirmed a “buy” rating and set a $192.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. JPMorgan Chase & Co. lifted their target price on shares of Boot Barn from $160.00 to $181.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Craig Hallum cut shares of Boot Barn from a “buy” rating to a “hold” rating and increased their price target for the company from $154.00 to $162.00 in a report on Friday, October 25th. UBS Group boosted their price objective on Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, Robert W. Baird upgraded Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 target price on the stock in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $164.55.

Boot Barn 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.