Lisanti Capital Growth LLC Has $7.45 Million Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Lisanti Capital Growth LLC lessened its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 10.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,525 shares of the company's stock after selling 5,385 shares during the quarter. Boot Barn comprises approximately 1.9% of Lisanti Capital Growth LLC's holdings, making the stock its 6th largest position. Lisanti Capital Growth LLC owned about 0.15% of Boot Barn worth $7,448,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Capital Research Global Investors acquired a new stake in Boot Barn in the 1st quarter valued at approximately $32,779,000. Janus Henderson Group PLC raised its stake in Boot Barn by 1,212.4% during the 1st quarter. Janus Henderson Group PLC now owns 285,174 shares of the company's stock valued at $27,134,000 after purchasing an additional 263,444 shares during the last quarter. Marshall Wace LLP bought a new stake in Boot Barn in the 2nd quarter valued at $19,532,000. Westwood Holdings Group Inc. grew its position in Boot Barn by 29.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 545,644 shares of the company's stock worth $51,918,000 after purchasing an additional 124,060 shares during the last quarter. Finally, F M Investments LLC bought a new position in shares of Boot Barn during the 2nd quarter worth about $14,888,000.

Boot Barn Trading Up 0.7 %

Shares of NYSE:BOOT traded up $0.92 on Monday, hitting $136.06. The company had a trading volume of 740,438 shares, compared to its average volume of 770,583. The stock has a 50 day moving average price of $152.96 and a 200 day moving average price of $133.91. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 27.20 and a beta of 2.16. Boot Barn Holdings, Inc. has a 1-year low of $68.37 and a 1-year high of $169.83.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.02. The company had revenue of $425.80 million for the quarter, compared to analysts' expectations of $424.42 million. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. Boot Barn's revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business earned $0.91 earnings per share. Sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Citigroup decreased their target price on Boot Barn from $194.00 to $178.00 and set a "buy" rating on the stock in a research report on Tuesday, October 29th. UBS Group boosted their price objective on Boot Barn from $127.00 to $165.00 and gave the company a "neutral" rating in a research report on Wednesday, October 16th. Craig Hallum cut Boot Barn from a "buy" rating to a "hold" rating and raised their target price for the stock from $154.00 to $162.00 in a research report on Friday, October 25th. Williams Trading reissued a "buy" rating and issued a $173.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. Finally, Robert W. Baird raised shares of Boot Barn from a "neutral" rating to an "outperform" rating and set a $167.00 price objective for the company in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $164.55.

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.