Versor Investments LP Makes New $344,000 Investment in Boot Barn Holdings, Inc. $BOOT

Key Points

• Versor Investments LP has acquired a new stake in Boot Barn Holdings, purchasing 3,205 shares valued at approximately $344,000 according to a recent SEC filing.
• Boot Barn reported earnings of $1.74 per share for the last quarter, surpassing the consensus estimate of $1.55, and indicated a positive revenue growth of 19.1% year-over-year.
• The company has initiated a stock buyback program, allowing it to repurchase up to $200 million in shares, signaling management's belief in the stock's undervaluation.

Versor Investments LP bought a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 3,205 shares of the company's stock, valued at approximately $344,000.

Several other institutional investors have also recently modified their holdings of BOOT. Opal Wealth Advisors LLC bought a new position in shares of Boot Barn during the 1st quarter valued at about $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 acquiring an additional 203 shares during the last quarter. Versant Capital Management Inc lifted its stake 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 acquiring an additional 215 shares during the last quarter. Bayforest Capital Ltd bought a new stake in shares of Boot Barn in the 1st quarter valued at about $48,000. Finally, First Horizon Advisors Inc. lifted its stake in shares of Boot Barn by 20.6% in the 1st quarter. First Horizon Advisors Inc. now owns 1,321 shares of the company's stock valued at $142,000 after acquiring an additional 226 shares during the last quarter.

Wall Street Analysts Forecast Growth

BOOT has been the subject of a number of recent research reports. Citigroup boosted their target price on Boot Barn from $137.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, May 16th. BTIG Research lifted their target price on shares of Boot Barn from $200.00 to $218.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. UBS Group lifted their target price on shares of Boot Barn from $156.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Jefferies Financial Group downgraded shares of Boot Barn from a "buy" rating to a "hold" rating and decreased their target price for the stock from $187.00 to $175.00 in a research note on Wednesday, July 23rd. Finally, Cowen reissued a "buy" rating on shares of Boot Barn in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $182.54.

Boot Barn Stock Up 1.5%

Boot Barn stock traded up $2.66 during midday trading on Wednesday, reaching $176.47. 82,464 shares of the stock traded hands, compared to its average volume of 874,978. The stock's fifty day moving average is $166.90 and its 200-day moving average is $138.79. Boot Barn Holdings, Inc. has a 12 month low of $86.17 and a 12 month high of $183.60. The stock has a market cap of $5.39 billion, a P/E ratio of 27.82, a PEG ratio of 1.76 and a beta of 1.76.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.19. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.The company had revenue of $504.07 million for the quarter, compared to analysts' expectations of $489.49 million. During the same period in the previous year, the firm posted $1.26 earnings per share. The firm's revenue for the quarter was up 19.1% on a year-over-year basis. 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 predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Boot Barn declared that its board has approved a share repurchase plan on Wednesday, May 14th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 4.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its stock is undervalued.

Boot Barn Company 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.