3,888 Shares in Boot Barn Holdings, Inc. $BOOT Acquired by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. acquired 3,888 shares of Boot Barn Holdings, valued at approximately $591,000, marking a new position in the company.
• Several other hedge funds increased their stakes in Boot Barn, with Ameriprise Financial Inc. boosting its position by 42.1% during the first quarter.
• Boot Barn recently reported earnings per share (EPS) of $1.74 for the quarter, beating estimates and indicating a revenue increase of 19.1% year over year.

Assenagon Asset Management S.A. acquired a new position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,888 shares of the company's stock, valued at approximately $591,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Invesco Ltd. grew its position in Boot Barn by 24.8% in the first quarter. Invesco Ltd. now owns 903,453 shares of the company's stock worth $97,058,000 after acquiring an additional 179,710 shares during the period. Artemis Investment Management LLP boosted its position in shares of Boot Barn by 206.5% during the first quarter. Artemis Investment Management LLP now owns 734,023 shares of the company's stock worth $78,856,000 after buying an additional 494,523 shares during the period. American Century Companies Inc. boosted its position in shares of Boot Barn by 15.3% during the first quarter. American Century Companies Inc. now owns 569,390 shares of the company's stock worth $61,170,000 after buying an additional 75,413 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Boot Barn by 42.1% during the first quarter. Ameriprise Financial Inc. now owns 503,619 shares of the company's stock worth $54,110,000 after buying an additional 149,115 shares during the period. Finally, Stephens Investment Management Group LLC boosted its position in shares of Boot Barn by 51.4% during the first quarter. Stephens Investment Management Group LLC now owns 465,787 shares of the company's stock worth $50,039,000 after buying an additional 158,195 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Jefferies Financial Group lowered Boot Barn from a "buy" rating to a "hold" rating and lowered their price target for the stock from $187.00 to $175.00 in a research report on Wednesday, July 23rd. Piper Sandler raised their price target on Boot Barn from $184.00 to $185.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. raised their price target on Boot Barn from $207.00 to $247.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. BTIG Research raised their price target on Boot Barn from $200.00 to $218.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, KeyCorp increased their price objective on Boot Barn from $195.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $182.54.

Boot Barn Trading Down 0.5%

Shares of NYSE BOOT opened at $169.24 on Friday. The stock has a market cap of $5.17 billion, a P/E ratio of 26.69, a PEG ratio of 1.72 and a beta of 1.62. Boot Barn Holdings, Inc. has a 12-month low of $86.17 and a 12-month high of $191.31. The business's fifty day simple moving average is $174.32 and its 200-day simple moving average is $147.64.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.19. The business had revenue of $504.07 million for the quarter, compared to analysts' expectations of $489.49 million. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.The company's revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period last year, the firm earned $1.26 earnings per share. Boot Barn has set its Q2 2026 guidance at 1.190-1.270 EPS. FY 2026 guidance at 5.800-6.700 EPS. On average, equities analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

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.

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