Southernsun Asset Management LLC Purchases 38,739 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Southernsun Asset Management LLC raised its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 14.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 300,989 shares of the company's stock after buying an additional 38,739 shares during the quarter. Boot Barn comprises about 5.7% of Southernsun Asset Management LLC's portfolio, making the stock its 6th biggest holding. Southernsun Asset Management LLC owned approximately 0.98% of Boot Barn worth $45,696,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can boosted its position in Boot Barn by 1.4% during the fourth quarter. Bank of Montreal Can now owns 5,936 shares of the company's stock worth $901,000 after acquiring an additional 82 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in Boot Barn by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,096 shares of the company's stock valued at $470,000 after purchasing an additional 98 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Boot Barn by 0.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the company's stock valued at $2,247,000 after purchasing an additional 100 shares during the last quarter. Arizona State Retirement System boosted its holdings in Boot Barn by 1.1% in the 4th quarter. Arizona State Retirement System now owns 8,853 shares of the company's stock valued at $1,344,000 after purchasing an additional 100 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in Boot Barn by 201.8% in the 4th quarter. Signaturefd LLC now owns 166 shares of the company's stock valued at $25,000 after purchasing an additional 111 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BOOT shares. BTIG Research boosted their target price on shares of Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a report on Monday, January 13th. KeyCorp upgraded shares of Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 target price on the stock in a report on Thursday, January 23rd. StockNews.com lowered shares of Boot Barn from a "hold" rating to a "sell" rating in a report on Monday, February 17th. Piper Sandler reiterated an "overweight" rating and issued a $181.00 target price (up from $179.00) on shares of Boot Barn in a report on Friday, January 31st. Finally, Robert W. Baird reduced their price target on shares of Boot Barn from $133.00 to $120.00 and set an "outperform" rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $169.23.

Boot Barn Price Performance

Shares of Boot Barn stock traded up $0.45 during trading hours on Friday, hitting $102.63. The company had a trading volume of 819,883 shares, compared to its average volume of 817,267. The company's 50-day moving average is $106.43 and its two-hundred day moving average is $133.67. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month high of $176.64. The company has a market cap of $3.14 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 1.17 and a beta of 1.75.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. Sell-side analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS 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.