State of New Jersey Common Pension Fund D Boosts Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

State of New Jersey Common Pension Fund D lifted its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 13.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,800 shares of the company’s stock after acquiring an additional 1,819 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.05% of Boot Barn worth $2,399,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of BOOT. Stephens Investment Management Group LLC purchased a new stake in shares of Boot Barn during the fourth quarter worth $46,699,000. Artemis Investment Management LLP purchased a new stake in shares of Boot Barn during the fourth quarter worth $36,361,000. Jennison Associates LLC increased its position in shares of Boot Barn by 92.3% during the fourth quarter. Jennison Associates LLC now owns 340,550 shares of the company’s stock worth $51,702,000 after acquiring an additional 163,451 shares during the period. State Street Corp increased its position in shares of Boot Barn by 4.4% during the third quarter. State Street Corp now owns 1,208,345 shares of the company’s stock worth $202,132,000 after acquiring an additional 51,356 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Boot Barn by 56.5% in the third quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company’s stock valued at $23,638,000 after buying an additional 51,032 shares during the last quarter.

Insider Activity at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of Boot Barn stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total transaction of $965,456.78. Following the completion of the sale, the chief executive officer now directly owns 3,937 shares in the company, valued at approximately $602,282.26. This trade represents a 61.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by insiders.

Boot Barn Stock Down 0.9 %

Shares of NYSE:BOOT opened at $132.30 on Friday. The company has a market cap of $4.05 billion, a P/E ratio of 23.62, a PEG ratio of 1.22 and a beta of 2.10. Boot Barn Holdings, Inc. has a 52 week low of $82.67 and a 52 week high of $176.64. The company has a 50-day moving average price of $151.45 and a 200 day moving average price of $147.75.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.43 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. Analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BOOT shares. Williams Trading reissued a “buy” rating and issued a $173.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. UBS Group dropped their price objective on Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Bank of America raised their price objective on Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. BTIG Research raised their price objective on Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Benchmark reaffirmed a “buy” rating and set a $192.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Boot Barn currently has an average rating of “Moderate Buy” and a consensus price target of $181.58.

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.