Intech Investment Management LLC Has $3.52 Million Stock Position in Boot Barn Holdings, Inc. $BOOT

Key Points

• Intech Investment Management LLC increased its stake in Boot Barn Holdings, Inc. by 65.2% in the first quarter, now owning 32,728 shares valued at approximately $3.5 million.
• Boot Barn reported $1.74 EPS for the last quarter, exceeding estimates and showing a 19.1% revenue increase year-over-year.
• The company's stock experienced a decline of 6.4% recently, with a current market cap of $5.39 billion and a price target consensus rating of "Moderate Buy."

Intech Investment Management LLC grew its stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 65.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,728 shares of the company's stock after purchasing an additional 12,920 shares during the quarter. Intech Investment Management LLC owned about 0.11% of Boot Barn worth $3,516,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new position in shares of Boot Barn in the 1st quarter valued at $29,000. Golden State Wealth Management LLC lifted its stake in shares of Boot Barn by 263.6% in the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the company's stock valued at $30,000 after purchasing an additional 203 shares during the period. Versant Capital Management Inc increased its position in shares of Boot Barn by 210.8% in the 1st quarter. Versant Capital Management Inc now owns 317 shares of the company's stock valued at $34,000 after buying an additional 215 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Boot Barn in the 1st quarter valued at $44,000. Finally, Bayforest Capital Ltd bought a new stake in shares of Boot Barn in the 1st quarter valued at $48,000.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BOOT. BTIG Research upped their price objective on shares of Boot Barn from $200.00 to $218.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Cowen restated a "buy" rating on shares of Boot Barn in a research report on Monday, July 28th. KeyCorp upped their price objective on shares of Boot Barn from $195.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. upped their price objective on shares of Boot Barn from $207.00 to $247.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Finally, Piper Sandler upped their price objective on shares of Boot Barn from $184.00 to $185.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. One equities research 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.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $182.54.

Boot Barn Price Performance

BOOT stock traded down $0.18 during trading hours on Thursday, reaching $178.95. 451,394 shares of the stock were exchanged, compared to its average volume of 444,889. The firm's 50-day moving average is $173.95 and its 200-day moving average is $144.74. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 1.82 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.

Boot Barn (NYSE:BOOT - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $1.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.55 by $0.19. The firm had revenue of $504.07 million during 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 was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 EPS. Boot Barn has set its Q2 2026 guidance at 1.190-1.270 EPS. FY 2026 guidance at 5.800-6.700 EPS. As a group, equities research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

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.