SouthernSun Increases Stake in Boot Barn Holdings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Source: NASDAQ.COM
Boot Barn Holdings Inc. shares rose by 5.03% as the stock crossed above its 5-day SMA, reflecting positive market sentiment. SouthernSun Asset Management increased its stake in Boot Barn by 79,127 shares, valued at approximately $14.35 million, indicating strong confidence in the company's future performance. This acquisition elevated Boot Barn Holdings to the third largest position in SouthernSun's portfolio, and the company plans to open 70 new retail stores in fiscal year 2027, showcasing its growth potential despite economic uncertainties.
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Analyst Views on BOOT
Wall Street analysts forecast BOOT stock price to rise
14 Analyst Rating
13 Buy
1 Hold
0 Sell
Strong Buy
Current: 154.650
Low
195.00
Averages
238.25
High
282.00
Current: 154.650
Low
195.00
Averages
238.25
High
282.00
About BOOT
Boot Barn Holdings, Inc. is a lifestyle retailer of western and work-related footwear, apparel and accessories for men, women, and children. The Company operates approximately 514 stores in 49 states, as well as its e-commerce websites consisting primarily of bootbarn.com, sheplers.com, countryoutfitter.com, idyllwind.com, and third-party marketplaces, as well as the Boot Barn app. It offers cowboy boots, work boots & shoes, exotic boots, performance boots, roper boots, chelsea boots, casual boots, and patriotic boots for men and women. It also offers shirts, jeans & pants, hats, belts & buckles, outerwear, accessories, and workwear for men. It offers accessories which include hats, belts & buckles, jewelry & bolo ties, bags & purses, wallets & phone cases, scarves, fragrance, and hair accessories. The Company operates retail locations throughout the United States and sells its merchandise via the Internet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
SouthernSun Increases Boot Barn Holdings Stake
- Stake Increase: SouthernSun Asset Management increased its stake in Boot Barn Holdings by 79,127 shares, with an estimated transaction value of approximately $14.35 million, indicating sustained confidence in the company's performance.
- Value Growth: The quarter-end position value of Boot Barn Holdings rose by $5.76 million, reflecting both trading activity and price movements, which suggests a positive market sentiment towards the company's future.
- Market Position Improvement: This acquisition elevated Boot Barn Holdings from the sixth to the third largest position in SouthernSun's portfolio, reinforcing its significance in the retail sector, especially amid rising economic uncertainties.
- Future Growth Plans: Boot Barn plans to open 70 new retail stores in fiscal year 2027, and despite inflationary pressures, the ongoing demand for durable workwear and boots highlights its adaptability and growth potential in the market.
See More
SouthernSun Increases Boot Barn Holdings Stake to 272,348 Shares
- Increased Stake: SouthernSun Asset Management disclosed in an SEC filing dated May 13, 2026, that it added 79,127 shares of Boot Barn Holdings, bringing its total to 272,348 shares, with an estimated transaction value of approximately $14.35 million, indicating strong confidence in the company's future performance.
- Asset Allocation Shift: This increase positions Boot Barn Holdings as 5.78% of SouthernSun's reportable assets under management, reflecting a heightened emphasis on the company, now ranking as the third-largest holding by value.
- Strong Financial Performance: Boot Barn reported record revenue at the end of fiscal year 2026, with a 6% growth in same-store sales, demonstrating stable demand for durable workwear and boots despite inflationary pressures.
- Expansion Plans: The company plans to open 70 new retail stores in fiscal year 2027, further enhancing its market share and showcasing ongoing demand and investment confidence in essential merchandise within the retail environment.
See More
April CPI Rises to 3.8%, Pressuring Retail Stocks
- CPI Impact on Spending: The April Consumer Price Index (CPI) rose to 3.8%, the highest in nearly three years, indicating that rising prices for imported apparel, electronics, and home goods may reduce consumers' discretionary income, thereby impacting retailers' profitability.
- Retail Stock Declines: Following the CPI report, stocks like Torrid (NYSE:CURV) fell 3.8%, Victoria's Secret (NYSE:VSCO) dropped 0.9%, and Boot Barn (NYSE:BOOT) decreased by 4.1%, reflecting market concerns about the retail sector's outlook.
- Rising Oil Prices Intensify Pressure: With oil prices nearing $107, consumers are spending more on fuel, which further squeezes their budgets for apparel and electronics, putting additional profit pressure on retailers, especially ahead of the back-to-school season.
- Market Overreaction: Although the stock market reacted strongly to the CPI news, leading to significant declines in several stocks, this may present buying opportunities for investors looking for quality stocks amid heightened market volatility.
See More
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- Applied Materials Earnings Beat: Despite reporting fiscal second-quarter earnings of $2.86 per share and revenues of $7.91 billion, both exceeding analyst expectations, Applied Materials' stock fell about 2%, indicating market concerns about the semiconductor sector's outlook.
- Semiconductor Sector Decline: The iShares Semiconductor ETF is poised to end a six-week winning streak, with Marvell and Intel both down 4%, while ASML and Arm dropped over 3.5%, reflecting diminished investor confidence in the industry.
- Figma Stock Surge: Figma's first-quarter earnings of 10 cents per share on revenues of $333 million surpassed analyst expectations of 6 cents and $313 million, leading to a nearly 9% increase in stock price, showcasing strong market demand for its services.
- Magnum Ice Cream Acquisition Interest: Magnum Ice Cream shares jumped over 17% following reports that firms like Blackstone and CD&R are considering a bid, with potential buyers waiting for summer sales data before proceeding, indicating optimism about the company's growth prospects.
See More
Boot Barn Reports Record Q4 Earnings and Sales Growth
- Sales and Earnings Growth: Boot Barn achieved $2.25 billion in revenue for Q4 fiscal 2026, marking an 18% increase, while earnings per diluted share rose 25% to $7.35, reflecting the company's strong market performance and enhanced profitability.
- Strategic Execution Success: CEO Hazen highlighted the company's success in exceeding goals across four strategic initiatives, including building a sourcing organization and revitalizing the work boots segment, which not only enhanced brand influence but also strengthened market competitiveness.
- Accelerated Store Expansion: The company accelerated the opening of 10 stores in Q4 beyond the original plan of 15, with plans to open 70 new stores in fiscal 2027, demonstrating a proactive response to market demand and effective implementation of its expansion strategy.
- Optimistic Future Outlook: CFO Watkins indicated a sales target of $2.6 billion for fiscal 2027 with a projected same-store sales increase of 4%, and despite uncertainties in the macroeconomic environment, the company remains confident in its growth prospects.
See More
Boot Barn Reports Strong Q4 Results, Shares Rise
- Strong Sales Performance: Boot Barn reported a year-over-year net sales increase of 18.7% to $538.8 million, exceeding estimates by over $7 million, indicating robust performance in same-store and e-commerce sales.
- Profitability Improvement: The company achieved earnings per share of $1.45, up 19% from the previous year and 3 cents above expectations, although gross profit margin declined by 80 basis points due to rising costs associated with new store operations, highlighting challenges in cost management.
- Optimistic Future Outlook: Boot Barn anticipates total sales for the upcoming fiscal quarter to range between $574 million and $584 million, reflecting a growth rate of 14% to 16%, with a midpoint of $579 million that surpasses market expectations, indicating sustained market demand.
- Conservative Annual Guidance: While FY27 sales are projected between $2.578 billion and $2.623 billion, representing 14% to 16% growth, the earnings per share forecast of $8.21 to $8.64 falls short of the consensus estimate of $8.51, reflecting uncertainty in future profitability.
See More
SouthernSun Increases Boot Barn Holdings Stake
- Stake Increase: SouthernSun Asset Management increased its stake in Boot Barn Holdings by 79,127 shares, with an estimated transaction value of approximately $14.35 million, indicating sustained confidence in the company's performance.
- Value Growth: The quarter-end position value of Boot Barn Holdings rose by $5.76 million, reflecting both trading activity and price movements, which suggests a positive market sentiment towards the company's future.
- Market Position Improvement: This acquisition elevated Boot Barn Holdings from the sixth to the third largest position in SouthernSun's portfolio, reinforcing its significance in the retail sector, especially amid rising economic uncertainties.
- Future Growth Plans: Boot Barn plans to open 70 new retail stores in fiscal year 2027, and despite inflationary pressures, the ongoing demand for durable workwear and boots highlights its adaptability and growth potential in the market.
See More
SouthernSun Increases Boot Barn Holdings Stake to 272,348 Shares
- Increased Stake: SouthernSun Asset Management disclosed in an SEC filing dated May 13, 2026, that it added 79,127 shares of Boot Barn Holdings, bringing its total to 272,348 shares, with an estimated transaction value of approximately $14.35 million, indicating strong confidence in the company's future performance.
- Asset Allocation Shift: This increase positions Boot Barn Holdings as 5.78% of SouthernSun's reportable assets under management, reflecting a heightened emphasis on the company, now ranking as the third-largest holding by value.
- Strong Financial Performance: Boot Barn reported record revenue at the end of fiscal year 2026, with a 6% growth in same-store sales, demonstrating stable demand for durable workwear and boots despite inflationary pressures.
- Expansion Plans: The company plans to open 70 new retail stores in fiscal year 2027, further enhancing its market share and showcasing ongoing demand and investment confidence in essential merchandise within the retail environment.
See More
April CPI Rises to 3.8%, Pressuring Retail Stocks
- CPI Impact on Spending: The April Consumer Price Index (CPI) rose to 3.8%, the highest in nearly three years, indicating that rising prices for imported apparel, electronics, and home goods may reduce consumers' discretionary income, thereby impacting retailers' profitability.
- Retail Stock Declines: Following the CPI report, stocks like Torrid (NYSE:CURV) fell 3.8%, Victoria's Secret (NYSE:VSCO) dropped 0.9%, and Boot Barn (NYSE:BOOT) decreased by 4.1%, reflecting market concerns about the retail sector's outlook.
- Rising Oil Prices Intensify Pressure: With oil prices nearing $107, consumers are spending more on fuel, which further squeezes their budgets for apparel and electronics, putting additional profit pressure on retailers, especially ahead of the back-to-school season.
- Market Overreaction: Although the stock market reacted strongly to the CPI news, leading to significant declines in several stocks, this may present buying opportunities for investors looking for quality stocks amid heightened market volatility.
See More
Semiconductor Stocks Decline, Figma and Magnum Ice Cream Surge
- Applied Materials Earnings Beat: Despite reporting fiscal second-quarter earnings of $2.86 per share and revenues of $7.91 billion, both exceeding analyst expectations, Applied Materials' stock fell about 2%, indicating market concerns about the semiconductor sector's outlook.
- Semiconductor Sector Decline: The iShares Semiconductor ETF is poised to end a six-week winning streak, with Marvell and Intel both down 4%, while ASML and Arm dropped over 3.5%, reflecting diminished investor confidence in the industry.
- Figma Stock Surge: Figma's first-quarter earnings of 10 cents per share on revenues of $333 million surpassed analyst expectations of 6 cents and $313 million, leading to a nearly 9% increase in stock price, showcasing strong market demand for its services.
- Magnum Ice Cream Acquisition Interest: Magnum Ice Cream shares jumped over 17% following reports that firms like Blackstone and CD&R are considering a bid, with potential buyers waiting for summer sales data before proceeding, indicating optimism about the company's growth prospects.
See More
Boot Barn Reports Record Q4 Earnings and Sales Growth
- Sales and Earnings Growth: Boot Barn achieved $2.25 billion in revenue for Q4 fiscal 2026, marking an 18% increase, while earnings per diluted share rose 25% to $7.35, reflecting the company's strong market performance and enhanced profitability.
- Strategic Execution Success: CEO Hazen highlighted the company's success in exceeding goals across four strategic initiatives, including building a sourcing organization and revitalizing the work boots segment, which not only enhanced brand influence but also strengthened market competitiveness.
- Accelerated Store Expansion: The company accelerated the opening of 10 stores in Q4 beyond the original plan of 15, with plans to open 70 new stores in fiscal 2027, demonstrating a proactive response to market demand and effective implementation of its expansion strategy.
- Optimistic Future Outlook: CFO Watkins indicated a sales target of $2.6 billion for fiscal 2027 with a projected same-store sales increase of 4%, and despite uncertainties in the macroeconomic environment, the company remains confident in its growth prospects.
See More
Boot Barn Reports Strong Q4 Results, Shares Rise
- Strong Sales Performance: Boot Barn reported a year-over-year net sales increase of 18.7% to $538.8 million, exceeding estimates by over $7 million, indicating robust performance in same-store and e-commerce sales.
- Profitability Improvement: The company achieved earnings per share of $1.45, up 19% from the previous year and 3 cents above expectations, although gross profit margin declined by 80 basis points due to rising costs associated with new store operations, highlighting challenges in cost management.
- Optimistic Future Outlook: Boot Barn anticipates total sales for the upcoming fiscal quarter to range between $574 million and $584 million, reflecting a growth rate of 14% to 16%, with a midpoint of $579 million that surpasses market expectations, indicating sustained market demand.
- Conservative Annual Guidance: While FY27 sales are projected between $2.578 billion and $2.623 billion, representing 14% to 16% growth, the earnings per share forecast of $8.21 to $8.64 falls short of the consensus estimate of $8.51, reflecting uncertainty in future profitability.
See More
