31,887 Shares in Boot Barn Holdings, Inc. (NYSE:BOOT) Purchased by Cinctive Capital Management LP

Cinctive Capital Management LP bought a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 31,887 shares of the company’s stock, valued at approximately $4,841,000. Cinctive Capital Management LP owned approximately 0.10% of Boot Barn at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Signaturefd LLC boosted its position in shares of Boot Barn by 201.8% in the 4th quarter. Signaturefd LLC now owns 166 shares of the company’s stock worth $25,000 after buying an additional 111 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock valued at $26,000 after purchasing an additional 143 shares in the last quarter. Assetmark Inc. grew its position in shares of Boot Barn by 45.2% in the fourth quarter. Assetmark Inc. now owns 363 shares of the company’s stock valued at $55,000 after purchasing an additional 113 shares during the last quarter. R Squared Ltd purchased a new position in shares of Boot Barn during the 4th quarter worth approximately $102,000. Finally, Smartleaf Asset Management LLC raised its position in shares of Boot Barn by 212.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 749 shares of the company’s stock worth $115,000 after purchasing an additional 509 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. UBS Group lowered their target price on Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Craig Hallum set a $178.00 price objective on Boot Barn in a research note on Friday, January 31st. KeyCorp raised shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research note on Thursday, January 23rd. Piper Sandler reaffirmed an “overweight” rating and set a $181.00 price target (up from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. Finally, Bank of America boosted their price objective on shares of Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and a consensus price target of $181.92.

Boot Barn Price Performance

Boot Barn stock opened at $115.09 on Thursday. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 1.17 and a beta of 1.75. Boot Barn Holdings, Inc. has a 12 month low of $96.31 and a 12 month high of $176.64. The stock’s 50-day moving average is $126.88 and its 200-day moving average is $142.64.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.43 EPS for the quarter, beating the consensus estimate of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. Research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Boot Barn Company Profile

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.