Lisanti Capital Growth LLC Acquires 1,105 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Lisanti Capital Growth LLC grew its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 2.5% during the 4th quarter, Holdings Channel reports. The firm owned 45,630 shares of the company’s stock after buying an additional 1,105 shares during the period. Boot Barn comprises approximately 1.7% of Lisanti Capital Growth LLC’s investment portfolio, making the stock its 8th biggest holding. Lisanti Capital Growth LLC’s holdings in Boot Barn were worth $6,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of BOOT. Blue Trust Inc. grew its position in shares of Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock valued at $26,000 after purchasing an additional 143 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Boot Barn by 45.2% during the fourth quarter. Assetmark Inc. now owns 363 shares of the company’s stock valued at $55,000 after buying an additional 113 shares during the period. R Squared Ltd purchased a new position in shares of Boot Barn during the fourth quarter valued at approximately $102,000. Smartleaf Asset Management LLC lifted its stake in shares of Boot Barn by 212.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 749 shares of the company’s stock valued at $115,000 after buying an additional 509 shares during the period. Finally, KBC Group NV lifted its stake in shares of Boot Barn by 23.3% during the third quarter. KBC Group NV now owns 951 shares of the company’s stock valued at $159,000 after buying an additional 180 shares during the period.

Insider Activity at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of Boot Barn stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total transaction of $965,456.78. Following the sale, the chief executive officer now owns 3,937 shares of the company’s stock, valued at $602,282.26. The trade was a 61.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BOOT shares. Piper Sandler reissued an “overweight” rating and set a $181.00 price objective (up previously from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. Craig Hallum set a $178.00 price objective on shares of Boot Barn in a research note on Friday, January 31st. UBS Group reduced their price objective on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. KeyCorp raised shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research note on Thursday, January 23rd. Finally, BTIG Research increased their price target on shares of Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $181.92.

Boot Barn Trading Up 2.5 %

NYSE:BOOT opened at $116.55 on Friday. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 1.17 and a beta of 2.07. The firm’s fifty day simple moving average is $146.84 and its 200 day simple moving average is $147.35. Boot Barn Holdings, Inc. has a twelve month low of $82.67 and a twelve month high of $176.64.

Boot Barn (NYSE:BOOT) last posted its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. On average, analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

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.