Insider Selling: Boot Barn Holdings, Inc. (NYSE:BOOT) CEO Sells 6,311 Shares of Stock

Boot Barn Holdings, Inc. (NYSE:BOOT) CEO John Hazen sold 6,311 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total value of $965,456.78. Following the sale, the chief executive officer now owns 3,937 shares in the company, valued at approximately $602,282.26. This trade represents a 61.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Boot Barn Stock Up 3.9 %

Boot Barn stock traded up $5.88 during mid-day trading on Friday, hitting $158.50. 576,899 shares of the company’s stock traded hands, compared to its average volume of 572,049. Boot Barn Holdings, Inc. has a one year low of $68.37 and a one year high of $169.83. The company has a market cap of $4.84 billion, a PE ratio of 31.83 and a beta of 2.14. The firm has a 50 day moving average price of $142.00 and a 200 day moving average price of $141.69.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. The business had revenue of $425.80 million for the quarter, compared to analysts’ expectations of $424.42 million. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The company’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 earnings per share. On average, analysts expect that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BOOT. Marshall Wace LLP acquired a new stake in Boot Barn in the second quarter worth approximately $19,532,000. State Street Corp raised its stake in shares of 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. JPMorgan Chase & Co. lifted its holdings in shares of Boot Barn by 56.5% in the third quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company’s stock valued at $23,638,000 after buying an additional 51,032 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Boot Barn during the third quarter valued at about $5,931,000. Finally, Sei Investments Co. grew its holdings in Boot Barn by 39.3% during the second quarter. Sei Investments Co. now owns 102,933 shares of the company’s stock worth $13,271,000 after acquiring an additional 29,049 shares during the period.

Wall Street Analysts Forecast Growth

BOOT has been the topic of several recent research reports. Baird R W upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on shares of Boot Barn from $160.00 to $181.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Williams Trading reiterated a “buy” rating and set a $173.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. BTIG Research upped their price objective on shares of Boot Barn from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Finally, Piper Sandler restated an “overweight” rating and set a $179.00 target price on shares of Boot Barn in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $164.55.

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.