Lisanti Capital Growth LLC Makes New $2.87 Million Investment in Boot Barn Holdings, Inc. $BOOT

Lisanti Capital Growth LLC purchased a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) during the second quarter, Holdings Channel reports. The institutional investor purchased 17,485 shares of the company’s stock, valued at approximately $2,872,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BOOT. Royal Bank of Canada increased its stake in shares of Boot Barn by 50.3% during the first quarter. Royal Bank of Canada now owns 34,676 shares of the company’s stock worth $3,725,000 after buying an additional 11,598 shares during the period. AQR Capital Management LLC raised its holdings in Boot Barn by 198.0% in the first quarter. AQR Capital Management LLC now owns 8,906 shares of the company’s stock valued at $957,000 after acquiring an additional 5,917 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Boot Barn by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company’s stock worth $1,894,000 after acquiring an additional 779 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Boot Barn by 23.6% in the first quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company’s stock worth $34,771,000 after acquiring an additional 61,719 shares during the last quarter. Finally, United Services Automobile Association acquired a new position in Boot Barn during the 1st quarter worth approximately $209,000.

Analysts Set New Price Targets

A number of brokerages have commented on BOOT. Robert W. Baird set a $212.00 price objective on shares of Boot Barn in a research report on Thursday, July 30th. Weiss Ratings cut shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. Piper Sandler lowered their target price on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. UBS Group set a $225.00 target price on Boot Barn in a report on Wednesday, June 17th. Finally, Stephens raised their price target on Boot Barn from $196.00 to $207.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $219.55.

Boot Barn Stock Performance

Boot Barn stock opened at $168.64 on Thursday. The company has a market capitalization of $5.11 billion, a P/E ratio of 21.35, a PEG ratio of 1.02 and a beta of 1.71. Boot Barn Holdings, Inc. has a fifty-two week low of $133.18 and a fifty-two week high of $210.25. The stock has a 50-day simple moving average of $161.74 and a 200-day simple moving average of $165.68.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.60. The firm had revenue of $593.51 million for the quarter, compared to the consensus estimate of $583.15 million. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.74 EPS. 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. As a group, analysts forecast that Boot Barn Holdings, Inc. will post 9.18 earnings per share for the current year.

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.