Here’s What Affected Boot Barn Holdings (BOOT) in Q1

2 weeks ago 6

Soumya Eswaran

Mon, Apr 28, 2025, 5:56 AM 3 min read

SouthernSun Asset Management, LLC, an concern absorption firm, released its “SouthernSun Small Cap Strategy” archetypal 4th 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. In the archetypal quarter, the strategy returned -11.32% connected a gross ground (-11.48% net) compared to a -9.48% instrumentality for the Russell 2000 Index and -7.74% for the Russell 2000 Value Index. The strategy returned -12.55% connected a gross ground (-13.21% net) for the trailing 12 months compared to -4.01% and -3.12% respectively for the indexes implicit the aforesaid period. In addition, delight cheque the apical 5 holdings of the strategy to cognize its champion prime successful 2025.

In its first-quarter 2025 capitalist letter, SouthernSun Small Cap Strategy highlighted stocks specified arsenic Boot Barn Holdings, Inc. (NYSE:BOOT). Boot Barn Holdings, Inc. (NYSE:BOOT) is simply a manner retail concatenation that offers occidental and work-related footwear, apparel, and accessories. The one-month instrumentality of Boot Barn Holdings, Inc. (NYSE:BOOT) was -4.51%, and its shares mislaid 6.56% of their worth implicit the past 52 weeks. On April 25, 2025, Boot Barn Holdings, Inc. (NYSE:BOOT) banal closed astatine $102.59 per stock with a marketplace capitalization of $3.139 billion.

SouthernSun Small Cap Strategy stated the pursuing regarding Boot Barn Holdings, Inc. (NYSE:BOOT) successful its Q1 2025 capitalist letter:

"Boot Barn Holdings, Inc. (NYSE:BOOT) was the apical detractor successful the Small Cap strategy aft a precise beardown show successful 2024. In our opinion, BOOT's results person been fantabulous erstwhile looking backmost implicit longer periods of time. Over the past 5 years, their EBITDA/share has grown astatine a 23% CAGR. In our opinion, the banal has been deed hard precocious by concerns astir the wellness of the user and concerns astir rising costs owed to tariffs connected imports. The institution imports astir 30% of their products from China; however, absorption expects to beryllium capable to offset the interaction of tariffs with pricing, and they judge that their competitors volition look akin challenges. As we look forward, we judge BOOT has a beardown marketplace position, robust maturation plans for caller stores, a way grounds of improving margins, and a cleanable equilibrium sheet."

Is Boot Barn Holdings, Inc. (BOOT) the Best Russell 2000 Stock to Buy According to Wall Street Analysts?

A husbandman lasting successful a sun-drenched tract wearing overalls and a rugged brace of western-style boots.

Boot Barn Holdings, Inc. (NYSE:BOOT) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. As per our database, 29 hedge money portfolios held Boot Barn Holdings, Inc. (NYSE:BOOT) astatine the extremity of the 4th fourth compared to 29 successful the 3rd quarter. In the 3rd 4th of fiscal 2025, Boot Barn Holdings, Inc.’s (NYSE:BOOT) net sales increased 16.9% to $608 million. While we admit the imaginable of Boot Barn Holdings, Inc. (NYSE:BOOT) arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns, and doing truthful wrong a shorter timeframe. If you are looking for an AI banal that is arsenic promising arsenic NVIDIA but that trades astatine little than 5 times its earnings, cheque retired our study astir the cheapest AI stock.

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