GSA Capital Partners LLP Increases Stake in Boot Barn Holdings, by 53.8% in 4th Quarter
June 16, 2023
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Boot Barn ($NYSE:BOOT) Holdings, Inc. is an American retail chain that specializes in western and work-related footwear, apparel, and accessories. GSA Capital Partners LLP has announced that it increased its stake in Boot Barn Holdings, Inc. by 53.8% in the 4th quarter, as reported in its most recent filing with the SEC. Analysts and investors have speculated that this increase in stake size could potentially be a sign of confidence in the company’s future prospects and current performance.
Analysis
At GoodWhale, we looked into the fundamentals of BOOT BARN to provide an analysis for potential investors. After assessing the financial and business aspects of BOOT BARN, our Risk Rating classified it as a high risk investment. We also detected 1 risk warning in their balance sheet which further validates our assessment. If you would like to view this particular warning in detail, you can become a registered user on our platform to access more information. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Boot Barn. More…
| Total Revenues | Net Income | Net Margin |
| 1.66k | 170.55 | 10.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Boot Barn. More…
| Operations | Investing | Financing |
| 88.89 | -124.53 | 33.17 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Boot Barn. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.52k | 740.93 | 25.99 |
Key Ratios Snapshot
Some of the financial key ratios for Boot Barn are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.2% | 46.5% | 14.0% |
| FCF Margin | ROE | ROA |
| -2.2% | 19.2% | 9.5% |
Peers
The competition in the retail sector is fierce, with companies vying for market share in a number of ways. Boot Barn Holdings Inc is no exception, and competes against Christopher & Banks Corp, C’sMEN Co Ltd, and J.Jill Inc in a number of ways. While each company has its own strengths and weaknesses, the competition between them is intense, and the battle for market share is likely to continue.
– Christopher & Banks Corp ($OTCPK:CBKCQ)
Christopher & Banks Corporation is a Minnesota-based retailer of women’s apparel, accessories and footwear. The company operates under the Christopher & Banks, CJ Banks, and Missy & Plus names. It also offers merchandise through its e-commerce website and through a nationwide network of outlet stores. As of February 3, 2018, the company operated 942 stores in 44 states.
– C’sMEN Co Ltd ($TSE:3083)
MEN Co Ltd is a Japanese company that manufactures and sells electronic components. The company has a market cap of 1.52B as of 2022 and a Return on Equity of -12.39%. The company’s products include semiconductors, integrated circuits, and other electronic components.
– J.Jill Inc ($NYSE:JILL)
J.Jill Inc is a retailer of women’s apparel, accessories, and footwear. It operates through two segments, Retail and Direct. The company offers its products through retail stores, catalogs, and online. As of 2022, J.Jill Inc had a market cap of 186.02M and a Return on Equity of -233.39%. The company has been struggling in recent years, as evidenced by its negative ROE. J.Jill Inc is currently in the process of closing some of its stores in an effort to turn things around.
Summary
Investors in Boot Barn Holdings, Inc. have been rewarded recently, as GSA Capital Partners LLP significantly increased their position in the company by 53.8% in the fourth quarter. This resulted in a corresponding rise in the stock price on the same day, suggesting that investors continue to show confidence in the company’s potential. Overall, the market appears to remain bullish on Boot Barn, and further gains may be expected in the near term as investors take advantage of the stock’s current momentum.
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