Southernsun Asset Management LLC Has $45.70 Million Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

Southernsun Asset Management LLC lifted its stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 14.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 300,989 shares of the company's stock after purchasing an additional 38,739 shares during the quarter. Boot Barn comprises about 5.7% of Southernsun Asset Management LLC's holdings, making the stock its 6th largest holding. Southernsun Asset Management LLC owned 0.98% of Boot Barn worth $45,696,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC increased its holdings in Boot Barn by 201.8% in the 4th quarter. Signaturefd LLC now owns 166 shares of the company's stock valued at $25,000 after purchasing an additional 111 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company's stock valued at $26,000 after buying an additional 143 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Boot Barn by 45.2% in the 4th quarter. Assetmark Inc. now owns 363 shares of the company's stock valued at $55,000 after buying an additional 113 shares during the period. R Squared Ltd acquired a new position in Boot Barn during the 4th quarter worth about $102,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Boot Barn by 212.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 749 shares of the company's stock valued at $115,000 after acquiring an additional 509 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. StockNews.com cut shares of Boot Barn from a "hold" rating to a "sell" rating in a research report on Monday, February 17th. Piper Sandler reiterated an "overweight" rating and set a $181.00 target price (up from $179.00) on shares of Boot Barn in a report on Friday, January 31st. UBS Group dropped their price target on shares of Boot Barn from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Bank of America increased their price objective on Boot Barn from $187.00 to $192.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Finally, Robert W. Baird decreased their target price on Boot Barn from $133.00 to $120.00 and set an "outperform" rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $169.23.

Boot Barn Stock Up 5.5 %

NYSE:BOOT traded up $5.31 during trading hours on Thursday, reaching $102.17. The company had a trading volume of 1,088,049 shares, compared to its average volume of 814,275. The firm has a market capitalization of $3.13 billion, a PE ratio of 18.24, a PEG ratio of 1.17 and a beta of 1.75. The stock has a 50-day moving average of $107.13 and a two-hundred day moving average of $134.45. Boot Barn Holdings, Inc. has a one year low of $86.17 and a one year high of $176.64.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. As a group, sell-side analysts expect that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current 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.