Boot Barn Holdings, Inc. (NYSE:BOOT) is Southernsun Asset Management LLC's 8th Largest Position

Southernsun Asset Management LLC reduced its stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 33.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 262,250 shares of the company's stock after selling 130,250 shares during the period. Boot Barn makes up approximately 5.2% of Southernsun Asset Management LLC's investment portfolio, making the stock its 8th biggest position. Southernsun Asset Management LLC owned about 0.86% of Boot Barn worth $43,869,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. State Street Corp raised its position in shares of Boot Barn by 4.4% in the 3rd quarter. State Street Corp now owns 1,208,345 shares of the company's stock valued at $202,132,000 after buying an additional 51,356 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Boot Barn by 0.4% during the third quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company's stock worth $82,895,000 after purchasing an additional 1,834 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Boot Barn by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 352,698 shares of the company's stock valued at $58,999,000 after purchasing an additional 6,335 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Boot Barn by 3.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 259,885 shares of the company's stock valued at $33,507,000 after purchasing an additional 9,126 shares during the last quarter. Finally, Tributary Capital Management LLC lifted its position in shares of Boot Barn by 0.3% during the 2nd quarter. Tributary Capital Management LLC now owns 218,817 shares of the company's stock worth $28,212,000 after buying an additional 649 shares during the last quarter.

Boot Barn Trading Up 3.3 %

BOOT stock traded up $4.94 during midday trading on Friday, hitting $153.51. The stock had a trading volume of 324,965 shares, compared to its average volume of 766,456. The business has a fifty day moving average price of $147.66 and a two-hundred day moving average price of $137.69. Boot Barn Holdings, Inc. has a 1-year low of $68.37 and a 1-year high of $169.83. The firm has a market cap of $4.69 billion, a P/E ratio of 29.83 and a beta of 2.14.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BOOT shares. Baird R W upgraded shares of Boot Barn from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 30th. Williams Trading reaffirmed a "buy" rating and set a $173.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. Piper Sandler reiterated an "overweight" rating and issued a $179.00 price target on shares of Boot Barn in a research note on Tuesday, October 29th. Craig Hallum lowered Boot Barn from a "buy" rating to a "hold" rating and boosted their price objective for the stock from $154.00 to $162.00 in a research report on Friday, October 25th. Finally, Benchmark reiterated a "buy" rating and issued a $192.00 target price on shares of Boot Barn in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.