Voya Investment Management LLC Has $1.88 Million Stake in Boot Barn Holdings, Inc. $BOOT

Key Points

• Voya Investment Management LLC increased its holdings in Boot Barn Holdings by 20.7%, owning 17,491 shares worth approximately $1.88 million.
• Boot Barn reported earnings per share of $1.74 for the last quarter, surpassing analyst estimates of $1.55, with revenues reaching $504.07 million.
• Analysts have set a consensus price target for Boot Barn of $182.54, with several firms upgrading their recommendations, reflecting growing confidence in the stock.

Voya Investment Management LLC increased its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 20.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,491 shares of the company's stock after purchasing an additional 3,003 shares during the period. Voya Investment Management LLC owned 0.06% of Boot Barn worth $1,879,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BOOT. Artemis Investment Management LLP boosted its stake in Boot Barn by 206.5% in the first quarter. Artemis Investment Management LLP now owns 734,023 shares of the company's stock valued at $78,856,000 after acquiring an additional 494,523 shares during the period. Nuveen LLC bought a new stake in Boot Barn during the first quarter worth approximately $38,387,000. Invesco Ltd. raised its holdings in Boot Barn by 24.8% during the first quarter. Invesco Ltd. now owns 903,453 shares of the company's stock worth $97,058,000 after purchasing an additional 179,710 shares in the last quarter. Stephens Investment Management Group LLC raised its holdings in 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 purchasing an additional 158,195 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in 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 purchasing an additional 149,115 shares in the last quarter.

Boot Barn Stock Down 0.2%

Shares of Boot Barn stock traded down $0.41 on Monday, hitting $175.66. 467,831 shares of the company traded hands, compared to its average volume of 463,626. The company has a 50-day moving average price of $174.14 and a 200 day moving average price of $146.07. Boot Barn Holdings, Inc. has a 12-month low of $86.17 and a 12-month high of $191.31. The company has a market cap of $5.37 billion, a PE ratio of 27.71, a PEG ratio of 1.79 and a beta of 1.62.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.55 by $0.19. Boot Barn had a net margin of 9.81% and a return on equity of 17.73%. The business 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 company posted $1.26 EPS. Boot Barn's revenue 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. Equities research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BOOT shares. BTIG Research boosted their target price on Boot Barn from $200.00 to $218.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Piper Sandler upped their price target on Boot Barn from $184.00 to $185.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Cowen reaffirmed a "buy" rating on shares of Boot Barn in a report on Monday, July 28th. Jefferies Financial Group cut Boot Barn from a "buy" rating to a "hold" rating and dropped their price target for the company from $187.00 to $175.00 in a report on Wednesday, July 23rd. Finally, KeyCorp upped their price target on Boot Barn from $195.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $182.54.

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.