Lisanti Capital Growth LLC Has $6.44 Million Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Lisanti Capital Growth LLC grew its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 55.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,910 shares of the company's stock after purchasing an additional 17,800 shares during the period. Boot Barn comprises about 1.5% of Lisanti Capital Growth LLC's investment portfolio, making the stock its 14th biggest holding. Lisanti Capital Growth LLC owned 0.16% of Boot Barn worth $6,435,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Boot Barn by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 2,744,105 shares of the company's stock worth $210,638,000 after acquiring an additional 35,925 shares during the period. Wellington Management Group LLP grew its holdings in shares of Boot Barn by 186.6% in the fourth quarter. Wellington Management Group LLP now owns 2,573,306 shares of the company's stock worth $197,527,000 after acquiring an additional 1,675,410 shares during the period. Wasatch Advisors LP grew its holdings in shares of Boot Barn by 43.8% in the first quarter. Wasatch Advisors LP now owns 2,131,689 shares of the company's stock worth $202,830,000 after acquiring an additional 649,021 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Boot Barn by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,086,810 shares of the company's stock worth $83,425,000 after acquiring an additional 16,308 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Boot Barn by 35.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 700,007 shares of the company's stock worth $53,733,000 after acquiring an additional 182,130 shares during the period.

Boot Barn Price Performance

Shares of BOOT stock traded down $3.43 during trading hours on Friday, hitting $134.17. The stock had a trading volume of 502,343 shares, compared to its average volume of 660,242. Boot Barn Holdings, Inc. has a one year low of $66.73 and a one year high of $143.57. The stock's 50-day moving average price is $129.61 and its two-hundred day moving average price is $112.86. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 27.95 and a beta of 2.09.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.18. Boot Barn had a return on equity of 16.44% and a net margin of 8.89%. The firm had revenue of $423.40 million for the quarter, compared to analysts' expectations of $415.04 million. During the same period in the previous year, the firm posted $1.11 earnings per share. The business's revenue was up 10.3% compared to the same quarter last year. As a group, equities research analysts predict that Boot Barn Holdings, Inc. will post 5.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on BOOT shares. Craig Hallum lifted their price objective on Boot Barn from $120.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, June 5th. UBS Group lifted their target price on Boot Barn from $125.00 to $127.00 and gave the company a "neutral" rating in a research report on Thursday, August 8th. Citigroup lifted their target price on Boot Barn from $122.00 to $154.00 and gave the company a "buy" rating in a research report on Friday, July 19th. TD Cowen lifted their target price on Boot Barn from $120.00 to $145.00 and gave the company a "buy" rating in a research report on Wednesday, June 5th. Finally, Robert W. Baird lifted their target price on Boot Barn from $132.00 to $140.00 and gave the company a "neutral" rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $138.20.

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.