Greenland Capital Management LP Buys New Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Greenland Capital Management LP purchased a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,848 shares of the company's stock, valued at approximately $1,647,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Boot Barn by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 3,409,865 shares of the company's stock worth $517,686,000 after purchasing an additional 73,089 shares during the period. FMR LLC grew its position in shares of Boot Barn by 47.3% during the 4th quarter. FMR LLC now owns 2,211,300 shares of the company's stock worth $335,720,000 after buying an additional 709,903 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Boot Barn by 48.6% during the fourth quarter. Wellington Management Group LLP now owns 2,161,052 shares of the company's stock valued at $328,091,000 after buying an additional 706,518 shares during the period. State Street Corp raised its holdings in shares of Boot Barn by 4.4% in the third quarter. State Street Corp now owns 1,208,345 shares of the company's stock valued at $202,132,000 after acquiring an additional 51,356 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Boot Barn by 13.2% in the fourth quarter. Alliancebernstein L.P. now owns 846,983 shares of the company's stock worth $128,589,000 after acquiring an additional 99,029 shares during the period.

Boot Barn Trading Down 1.2 %

Shares of NYSE BOOT traded down $1.22 during trading hours on Friday, reaching $97.77. The stock had a trading volume of 821,766 shares, compared to its average volume of 803,173. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.17 and a beta of 1.75. The firm has a 50-day moving average of $114.94 and a 200-day moving average of $138.52. Boot Barn Holdings, Inc. has a fifty-two week low of $88.23 and a fifty-two week high of $176.64.

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Boot Barn (NYSE:BOOT - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share (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%. On average, equities analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. StockNews.com downgraded shares of Boot Barn from a "hold" rating to a "sell" rating in a research report on Monday, February 17th. BTIG Research lifted their price objective on shares of Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a report on Monday, January 13th. JPMorgan Chase & Co. boosted their price objective on shares of Boot Barn from $200.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Bank of America increased their price target 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. Finally, UBS Group lowered their price objective on Boot Barn from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $175.62.

Boot Barn 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.