Southernsun Asset Management LLC Reduces Holdings in Boot Barn Holdings, Inc. $BOOT

by · The Markets Daily

Southernsun Asset Management LLC lessened its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT – Free Report) by 24.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 263,356 shares of the company’s stock after selling 85,632 shares during the quarter. Boot Barn accounts for 5.6% of Southernsun Asset Management LLC’s investment portfolio, making the stock its 3rd largest position. Southernsun Asset Management LLC owned approximately 0.86% of Boot Barn worth $40,030,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. increased its holdings in Boot Barn by 3.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 51,755 shares of the company’s stock worth $7,867,000 after buying an additional 1,666 shares during the last quarter. Whittier Trust Co. grew its position in shares of Boot Barn by 2.6% during the 2nd quarter. Whittier Trust Co. now owns 102,538 shares of the company’s stock valued at $15,586,000 after acquiring an additional 2,613 shares during the period. Parallel Advisors LLC grew its position in shares of Boot Barn by 512.6% during the 2nd quarter. Parallel Advisors LLC now owns 533 shares of the company’s stock valued at $81,000 after acquiring an additional 446 shares during the period. Jump Financial LLC purchased a new stake in shares of Boot Barn during the 1st quarter worth approximately $5,363,000. Finally, Raymond James Financial Inc. raised its holdings in shares of Boot Barn by 18.2% in the 1st quarter. Raymond James Financial Inc. now owns 330,449 shares of the company’s stock worth $35,500,000 after purchasing an additional 50,907 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BOOT. Weiss Ratings reissued a “hold (c+)” rating on shares of Boot Barn in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on Boot Barn from $276.00 to $282.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Seaport Res Ptn downgraded Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. BTIG Research lifted their price objective on Boot Barn from $218.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $220.00 price objective (up from $218.00) on shares of Boot Barn in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $195.75.

Check Out Our Latest Analysis on BOOT

Boot Barn Price Performance

Boot Barn stock opened at $197.85 on Tuesday. The firm has a market capitalization of $6.03 billion, a P/E ratio of 29.27, a PEG ratio of 1.64 and a beta of 1.59. Boot Barn Holdings, Inc. has a one year low of $86.17 and a one year high of $205.31. The business has a fifty day moving average price of $184.45 and a 200-day moving average price of $174.36.

Boot Barn (NYSE:BOOT – Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. The company had revenue of $505.40 million for the quarter, compared to analyst estimates of $493.70 million. Boot Barn had a return on equity of 18.11% and a net margin of 10.05%.The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 EPS. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS and its FY 2026 guidance at 6.750-7.150 EPS. Sell-side analysts expect that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Gene Eddie Burt sold 1,200 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $191.41, for a total value of $229,692.00. Following the sale, the director directly owned 3,338 shares of the company’s stock, valued at approximately $638,926.58. This represents a 26.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Peter Starrett sold 6,498 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $190.00, for a total transaction of $1,234,620.00. Following the transaction, the chairman directly owned 9,599 shares of the company’s stock, valued at approximately $1,823,810. This represents a 40.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.66% of the company’s stock.

Boot Barn Profile

(Free Report)

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.

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