Lisanti Capital Growth LLC Invests $2.87 Million in Boot Barn Holdings, Inc. $BOOT

Lisanti Capital Growth LLC purchased a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,485 shares of the company’s stock, valued at approximately $2,872,000. Lisanti Capital Growth LLC owned approximately 0.06% of Boot Barn at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership raised its holdings in shares of Boot Barn by 361.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 48,448 shares of the company’s stock worth $7,091,000 after acquiring an additional 37,951 shares during the period. Principal Financial Group Inc. boosted its position in shares of Boot Barn by 11.4% during the 4th quarter. Principal Financial Group Inc. now owns 393,098 shares of the company’s stock valued at $69,370,000 after acquiring an additional 40,282 shares during the last quarter. UBS Group AG grew its holdings in shares of Boot Barn by 16.4% in the fourth quarter. UBS Group AG now owns 172,380 shares of the company’s stock valued at $30,420,000 after purchasing an additional 24,229 shares during the period. Asset Management One Co. Ltd. purchased a new stake in shares of Boot Barn in the fourth quarter valued at about $2,644,000. Finally, Fifth Third Bancorp increased its position in Boot Barn by 15,768.5% during the first quarter. Fifth Third Bancorp now owns 34,276 shares of the company’s stock worth $5,017,000 after purchasing an additional 34,060 shares during the last quarter.

Boot Barn Stock Performance

Shares of BOOT opened at $168.64 on Thursday. The stock has a market capitalization of $5.11 billion, a PE ratio of 21.35, a P/E/G ratio of 1.02 and a beta of 1.71. Boot Barn Holdings, Inc. has a 1 year low of $133.18 and a 1 year high of $210.25. The company’s 50-day simple moving average is $161.74 and its 200-day simple moving average is $165.68.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.60. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. The firm had revenue of $593.51 million during the quarter, compared to analysts’ expectations of $583.15 million. During the same quarter in the previous year, the business posted $1.74 earnings per share. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. Boot Barn has set its FY 2027 guidance at 8.800-9.230 EPS and its Q2 2027 guidance at 1.550-1.650 EPS. On average, sell-side analysts predict that Boot Barn Holdings, Inc. will post 9.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. BTIG Research dropped their price target on shares of Boot Barn from $235.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. UBS Group set a $225.00 price target on shares of Boot Barn in a research report on Wednesday, June 17th. TD Cowen decreased their price objective on Boot Barn from $225.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Bank of America decreased their price objective on Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Finally, Weiss Ratings lowered Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Boot Barn currently has an average rating of “Buy” and an average target price of $219.55.

Boot Barn Company 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.