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

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

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Boot Barn by 1.0% in the third quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock valued at $113,150,000 after purchasing an additional 6,369 shares during the period. Dale Q Rice Investment Management Ltd purchased a new position in Boot Barn in the 4th quarter valued at about $1,544,000. Stephens Investment Management Group LLC purchased a new position in Boot Barn in the 4th quarter valued at about $46,699,000. Alberta Investment Management Corp acquired a new stake in shares of Boot Barn during the fourth quarter valued at about $2,842,000. Finally, JPMorgan Chase & Co. increased its position in shares of Boot Barn by 56.5% during the third quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company’s stock worth $23,638,000 after acquiring an additional 51,032 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BOOT. Bank of America raised their price objective on Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. KeyCorp upgraded shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research note on Thursday, January 23rd. UBS Group reduced their price objective on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. BTIG Research raised their price objective on shares of Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Robert W. Baird cut their target price on shares of Boot Barn from $190.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $181.92.

Boot Barn Stock Up 3.7 %

Shares of NYSE BOOT opened at $115.09 on Thursday. The firm’s 50-day moving average price is $126.88 and its two-hundred day moving average price is $142.64. Boot Barn Holdings, Inc. has a 52-week low of $96.31 and a 52-week high of $176.64. The stock has a market capitalization of $3.52 billion, a P/E ratio of 20.55, a P/E/G ratio of 1.17 and a beta of 1.75.

Boot Barn (NYSE:BOOT) last posted its 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 return on equity of 17.11% and a net margin of 9.36%. As a group, equities research analysts expect that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

About Boot Barn

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.