Crestline Management LP Takes Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Crestline Management LP bought a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,493 shares of the company’s stock, valued at approximately $1,289,000.

A number of other large investors have also added to or reduced their stakes in BOOT. Blue Trust Inc. boosted 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 last quarter. Signaturefd LLC boosted its stake in Boot Barn by 201.8% during the 4th quarter. Signaturefd LLC now owns 166 shares of the company’s stock valued at $25,000 after acquiring an additional 111 shares during the last quarter. Assetmark Inc. grew its holdings in Boot Barn by 45.2% during the 4th quarter. Assetmark Inc. now owns 363 shares of the company’s stock worth $55,000 after acquiring an additional 113 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Boot Barn in the 4th quarter valued at about $102,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Boot Barn by 212.1% during the fourth 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.

Boot Barn Price Performance

Shares of Boot Barn stock opened at $119.53 on Friday. The business’s fifty day moving average price is $103.49 and its two-hundred day moving average price is $130.71. The company has a market capitalization of $3.66 billion, a P/E ratio of 21.34, a PEG ratio of 1.17 and a beta of 1.59. Boot Barn Holdings, Inc. has a 1-year low of $86.17 and a 1-year high of $176.64.

Analyst Ratings Changes

Several analysts have issued reports on the company. Craig Hallum upgraded Boot Barn from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. raised their price objective on Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Stephens initiated coverage on shares of Boot Barn in a report on Wednesday, April 9th. They issued an “overweight” rating and a $100.00 price objective for the company. KeyCorp dropped their target price on shares of Boot Barn from $190.00 to $165.00 and set an “overweight” rating on the stock in a report on Tuesday, April 29th. Finally, StockNews.com lowered shares of Boot Barn from a “hold” rating to a “sell” rating in a report on Monday, February 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $165.85.

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.