Boot Barn Holdings, Inc. $BOOT Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC cut its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 17.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,099 shares of the company’s stock after selling 8,931 shares during the period. Boot Barn makes up about 1.7% of Lisanti Capital Growth LLC’s holdings, making the stock its 12th biggest position. Lisanti Capital Growth LLC owned 0.13% of Boot Barn worth $6,811,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Marshall Wace LLP lifted its stake in Boot Barn by 63.3% during the second quarter. Marshall Wace LLP now owns 655,923 shares of the company’s stock valued at $99,700,000 after buying an additional 254,296 shares in the last quarter. Westwood Holdings Group Inc. acquired a new stake in shares of Boot Barn during the second quarter valued at approximately $34,790,000. Fiera Capital Corp purchased a new stake in shares of Boot Barn in the 2nd quarter valued at approximately $33,686,000. Fisher Asset Management LLC lifted its position in shares of Boot Barn by 4,784.7% in the 2nd quarter. Fisher Asset Management LLC now owns 165,494 shares of the company’s stock valued at $25,155,000 after acquiring an additional 162,106 shares in the last quarter. Finally, Tributary Capital Management LLC boosted its stake in Boot Barn by 92.5% in the 3rd quarter. Tributary Capital Management LLC now owns 258,932 shares of the company’s stock worth $42,910,000 after purchasing an additional 124,444 shares during the period.

Boot Barn Price Performance

Boot Barn stock opened at $178.58 on Friday. The business has a 50 day simple moving average of $191.21 and a 200 day simple moving average of $181.82. The company has a market capitalization of $5.44 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 1.30 and a beta of 1.61. Boot Barn Holdings, Inc. has a one year low of $86.17 and a one year high of $210.25.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.11. The company had revenue of $505.40 million for the quarter, compared to analyst estimates of $493.70 million. Boot Barn had a return on equity of 18.11% and a net margin of 10.05%.The business’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 earnings per share. Equities analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BOOT. Piper Sandler boosted their target price on shares of Boot Barn from $220.00 to $229.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Citigroup lifted their price target on Boot Barn from $225.00 to $230.00 and gave the company a “buy” rating in a report on Friday, January 16th. JPMorgan Chase & Co. increased their price objective on Boot Barn from $276.00 to $282.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. TD Cowen restated a “buy” rating on shares of Boot Barn in a research report on Thursday, October 30th. Finally, The Goldman Sachs Group initiated coverage on Boot Barn in a research note on Thursday, December 11th. They set a “buy” rating and a $225.00 target price on the stock. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $206.08.

Insider Buying and Selling

In other news, Director Gene Eddie Burt sold 1,200 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $191.41, for a total transaction of $229,692.00. Following the transaction, the director owned 3,338 shares of the company’s stock, valued at $638,926.58. This represents a 26.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Peter Starrett sold 6,498 shares of Boot Barn stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $190.00, for a total value of $1,234,620.00. Following the completion of the sale, the chairman owned 9,599 shares of the company’s stock, valued at approximately $1,823,810. The trade was a 40.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.66% of the company’s stock.

About Boot Barn

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.