Cinctive Capital Management LP Invests $4.84 Million in Boot Barn Holdings, Inc. (NYSE:BOOT)

Cinctive Capital Management LP bought a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Boot Barn by 2.2% in the fourth 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. Wellington Management Group LLP boosted its holdings in Boot Barn by 48.6% in the 4th quarter. Wellington Management Group LLP now owns 2,161,052 shares of the company's stock worth $328,091,000 after buying an additional 706,518 shares during the period. State Street Corp increased its stake in Boot Barn by 4.4% in the 3rd quarter. State Street Corp now owns 1,208,345 shares of the company's stock worth $202,132,000 after buying an additional 51,356 shares in the last quarter. Alliancebernstein L.P. increased its stake in Boot Barn by 13.2% in the 4th quarter. Alliancebernstein L.P. now owns 846,983 shares of the company's stock worth $128,589,000 after buying an additional 99,029 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Boot Barn by 1.0% during the third quarter. Geode Capital Management LLC now owns 676,277 shares of the company's stock valued at $113,150,000 after acquiring an additional 6,369 shares during the period.

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Boot Barn Price Performance

Shares of NYSE BOOT traded down $1.03 during mid-day trading on Tuesday, hitting $98.51. 286,225 shares of the company's stock traded hands, compared to its average volume of 791,102. Boot Barn Holdings, Inc. has a 1 year low of $89.84 and a 1 year high of $176.64. The company's 50-day moving average is $122.65 and its two-hundred day moving average is $141.22. The company has a market capitalization of $3.01 billion, a P/E ratio of 17.66, a PEG ratio of 1.17 and a beta of 1.75.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. Equities analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Analyst Ratings Changes

BOOT has been the subject of several research analyst reports. Piper Sandler reiterated an "overweight" rating and set a $181.00 target price (up previously from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. Robert W. Baird cut their price objective on shares of Boot Barn from $190.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, March 5th. Craig Hallum set a $178.00 target price on shares of Boot Barn in a report on Friday, January 31st. UBS Group cut their target price on shares of Boot Barn from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Finally, Bank of America lifted their price target on shares of Boot Barn from $187.00 to $192.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $181.92.

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.