Lisanti Capital Growth LLC Sells 8,931 Shares of Boot Barn Holdings, Inc. $BOOT

Lisanti Capital Growth LLC lessened its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 17.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 41,099 shares of the company’s stock after selling 8,931 shares during the quarter. Boot Barn makes up 1.7% of Lisanti Capital Growth LLC’s portfolio, making the stock its 12th biggest position. Lisanti Capital Growth LLC’s holdings in Boot Barn were worth $6,811,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BOOT. ORG Partners LLC acquired a new position in Boot Barn in the third quarter valued at about $25,000. Bessemer Group Inc. lifted its holdings in shares of Boot Barn by 134.2% during the 2nd quarter. Bessemer Group Inc. now owns 185 shares of the company’s stock valued at $28,000 after purchasing an additional 106 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Boot Barn by 164.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 193 shares of the company’s stock valued at $32,000 after purchasing an additional 120 shares during the period. Salomon & Ludwin LLC bought a new stake in Boot Barn during the 3rd quarter worth approximately $42,000. Finally, Independence Bank of Kentucky bought a new stake in Boot Barn during the 3rd quarter worth approximately $46,000.

Insider Activity

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

Boot Barn Trading Up 2.2%

NYSE:BOOT opened at $178.58 on Friday. Boot Barn Holdings, Inc. has a 1-year low of $86.17 and a 1-year high of $210.25. The firm has a fifty day simple moving average of $191.21 and a 200 day simple moving average of $181.82. The stock has a market capitalization of $5.44 billion, a PE ratio of 26.42, a P/E/G ratio of 1.30 and a beta of 1.61.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. The firm had revenue of $505.40 million during the quarter, compared to analysts’ expectations of $493.70 million. Boot Barn had a net margin of 10.05% and a return on equity of 18.11%. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 earnings per share. On average, equities analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BOOT shares. JPMorgan Chase & Co. upped their price target on shares of Boot Barn from $276.00 to $282.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Seaport Research Partners lowered shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. UBS Group increased their target price on Boot Barn from $248.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. The Goldman Sachs Group initiated coverage on Boot Barn in a report on Thursday, December 11th. They issued a “buy” rating and a $225.00 price target on the stock. Finally, BTIG Research upped their price objective on Boot Barn from $226.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Boot Barn presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.08.

Boot Barn Profile

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.