Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC lowered its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 16.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,050 shares of the company's stock after selling 7,580 shares during the period. Lisanti Capital Growth LLC owned about 0.12% of Boot Barn worth $4,088,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Boot Barn by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 358,579 shares of the company's stock worth $54,439,000 after purchasing an additional 5,881 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Boot Barn during the fourth quarter worth approximately $42,440,000. SG Americas Securities LLC purchased a new position in Boot Barn during the first quarter worth approximately $916,000. Oppenheimer Asset Management Inc. boosted its stake in Boot Barn by 29.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 14,731 shares of the company's stock worth $1,583,000 after buying an additional 3,341 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC grew its holdings in Boot Barn by 21.7% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 17,724 shares of the company's stock valued at $2,691,000 after buying an additional 3,162 shares in the last quarter.

Analyst Ratings Changes

BOOT has been the subject of several recent analyst reports. Citigroup raised their price objective on shares of Boot Barn from $137.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Robert W. Baird raised their price target on shares of Boot Barn from $140.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Stephens assumed coverage on shares of Boot Barn in a research report on Wednesday, April 9th. They set an "overweight" rating and a $100.00 price target on the stock. Bank of America increased their price objective on Boot Barn from $160.00 to $173.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, JPMorgan Chase & Co. lifted their target price on Boot Barn from $196.00 to $207.00 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. One analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $173.67.

Boot Barn Stock Up 2.6%

NYSE:BOOT traded up $3.99 during mid-day trading on Wednesday, reaching $160.23. 984,536 shares of the stock were exchanged, compared to its average volume of 816,375. The stock has a market capitalization of $4.90 billion, a P/E ratio of 27.34, a P/E/G ratio of 1.79 and a beta of 1.69. Boot Barn Holdings, Inc. has a 1 year low of $86.17 and a 1 year high of $176.64. The company has a 50 day simple moving average of $144.90 and a 200-day simple moving average of $134.91.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $1.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.24 by ($0.02). Boot Barn had a return on equity of 16.98% and a net margin of 9.47%. The business had revenue of $453.75 million for the quarter, compared to analysts' expectations of $458.56 million. During the same quarter last year, the business posted $0.96 earnings per share. The business's revenue was up 16.8% on a year-over-year basis. As a group, research analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Boot Barn announced that its board has approved a stock buyback program on Wednesday, May 14th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to buy up to 4.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

Insider Transactions at Boot Barn

In other news, insider Michael A. Love sold 4,154 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $155.34, for a total transaction of $645,282.36. Following the completion of the sale, the insider owned 2,112 shares in the company, valued at approximately $328,078.08. This represents a 66.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laurie Marie Grijalva sold 2,438 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $160.67, for a total value of $391,713.46. Following the sale, the insider owned 14,593 shares of the company's stock, valued at $2,344,657.31. This trade represents a 14.32% decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

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.