Strs Ohio Lowers Stake in Boot Barn Holdings, Inc. $BOOT

Posted by Brenda Bartman on Jul 7th, 2026

Strs Ohio lessened its stake in Boot Barn Holdings, Inc. (NYSE:BOOT – Free Report) by 33.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 21,800 shares of the company’s stock after selling 11,000 shares during the period. Strs Ohio’s holdings in Boot Barn were worth $3,191,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its position in shares of Boot Barn by 78.2% during the first quarter. Janney Montgomery Scott LLC now owns 3,349 shares of the company’s stock worth $490,000 after buying an additional 1,470 shares during the period. 1492 Capital Management LLC purchased a new stake in shares of Boot Barn in the 1st quarter valued at $1,004,000. Pictet Asset Management Holding SA lifted its stake in Boot Barn by 11.8% during the 1st quarter. Pictet Asset Management Holding SA now owns 5,073 shares of the company’s stock worth $742,000 after acquiring an additional 536 shares in the last quarter. Union Bancaire Privee UBP SA lifted its stake in Boot Barn by 32.6% during the 1st quarter. Union Bancaire Privee UBP SA now owns 4,408 shares of the company’s stock worth $658,000 after acquiring an additional 1,083 shares in the last quarter. Finally, OLD National Bancorp IN boosted its holdings in Boot Barn by 8.7% during the 1st quarter. OLD National Bancorp IN now owns 1,556 shares of the company’s stock valued at $228,000 after acquiring an additional 125 shares during the period.

Analyst Upgrades and Downgrades

BOOT has been the topic of a number of recent research reports. UBS Group set a $225.00 price target on shares of Boot Barn in a research note on Wednesday, June 17th. Zacks Research lowered shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. Weiss Ratings cut shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. BTIG Research reaffirmed a “buy” rating and set a $235.00 target price on shares of Boot Barn in a research note on Friday, May 15th. Finally, Piper Sandler cut their target price on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Boot Barn has an average rating of “Moderate Buy” and a consensus price target of $226.92.

Get Our Latest Report on Boot Barn

Boot Barn Trading Up 2.6%

BOOT traded up $4.14 on Tuesday, hitting $162.91. 23,651 shares of the company were exchanged, compared to its average volume of 707,375. The firm has a 50-day moving average price of $163.69 and a two-hundred day moving average price of $172.41. Boot Barn Holdings, Inc. has a twelve month low of $133.18 and a twelve month high of $210.25. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 1.10 and a beta of 1.69.

Boot Barn (NYSE:BOOT – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02. The company had revenue of $538.75 million for the quarter, compared to analyst estimates of $531.43 million. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.Boot Barn’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.22 EPS. Boot Barn has set its Q1 2027 guidance at 1.620-1.710 EPS and its FY 2027 guidance at 8.210-8.640 EPS. Equities analysts expect that Boot Barn Holdings, Inc. will post 8.55 EPS for the current year.

Boot Barn Company Profile

(Free Report)

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.