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

Greenland Capital Management LP bought a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) during the fourth quarter, HoldingsChannel.com reports. The firm bought 10,848 shares of the company’s stock, valued at approximately $1,647,000.

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

Analyst Ratings Changes

BOOT has been the topic of a number of research reports. Robert W. Baird cut their price objective on Boot Barn from $190.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, March 5th. Piper Sandler reiterated an “overweight” rating and set a $181.00 target price (up from $179.00) on shares of Boot Barn in a report on Friday, January 31st. 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 report on Friday, January 31st. Craig Hallum set a $178.00 price objective on shares of Boot Barn in a research note on Friday, January 31st. Finally, UBS Group dropped their price target on Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $181.92.

Boot Barn Stock Up 1.1 %

BOOT opened at $98.86 on Tuesday. The business has a fifty day simple moving average of $122.65 and a 200-day simple moving average of $141.22. The firm has a market cap of $3.02 billion, a PE ratio of 17.65, a P/E/G ratio of 1.17 and a beta of 1.75. Boot Barn Holdings, Inc. has a fifty-two week low of $89.84 and a fifty-two week high of $176.64.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal 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.