John Hazen Sells 3,107 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) Stock

Boot Barn Holdings, Inc. (NYSE:BOOT – Get Rating) insider John Hazen sold 3,107 shares of the stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $76.76, for a total transaction of $238,493.32. Following the sale, the insider now owns 5,566 shares of the company’s stock, valued at approximately $427,246.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

John Hazen also recently made the following trade(s):

• On Wednesday, March 23rd, John Hazen sold 2,420 shares of Boot Barn stock. The shares were sold at an average price of $99.73, for a total value of $241,346.60.
• On Monday, March 21st, John Hazen sold 11,254 shares of Boot Barn stock. The shares were sold at an average price of $100.44, for a total value of $1,130,351.76.

Shares of BOOT stock opened at $74.32 on Monday. The stock has a fifty day moving average price of $93.51 and a 200 day moving average price of $101.88. The stock has a market cap of $2.21 billion, a PE ratio of 11.72, a P/E/G ratio of 0.59 and a beta of 2.78. Boot Barn Holdings, Inc. has a 1 year low of $70.87 and a 1 year high of $134.50.

Boot Barn (NYSE:BOOT – Get Rating) last released its quarterly earnings results on Tuesday, May 10th. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.15. Boot Barn had a return on equity of 36.19% and a net margin of 12.93%. The business had revenue of $383.31 million during the quarter, compared to the consensus estimate of $354.02 million. During the same quarter in the previous year, the company posted $0.75 EPS. The business’s revenue was up 48.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 6.43 EPS for the current year.

Several research firms have recently commented on BOOT. StockNews.com assumed coverage on Boot Barn in a research note on Thursday, March 31st. They set a “hold” rating for the company. Craig Hallum reduced their target price on shares of Boot Barn from $162.00 to $145.00 in a research note on Wednesday, May 11th. Zacks Investment Research raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a report on Monday, May 16th. Robert W. Baird cut their price target on shares of Boot Barn from $145.00 to $130.00 in a report on Friday, January 28th. Finally, Piper Sandler raised Boot Barn from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $109.00 to $121.00 in a report on Friday, May 6th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $122.92.

Institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC purchased a new position in Boot Barn during the fourth quarter worth $37,000. Liberty Wealth Management LLC boosted its stake in shares of Boot Barn by 36.4% during the third quarter. Liberty Wealth Management LLC now owns 311 shares of the company’s stock valued at $32,000 after acquiring an additional 83 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in Boot Barn by 924.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 379 shares of the company’s stock worth $33,000 after purchasing an additional 342 shares in the last quarter. Neo Ivy Capital Management acquired a new position in Boot Barn in the 4th quarter valued at about $49,000. Finally, Captrust Financial Advisors lifted its holdings in Boot Barn by 41.7% in the 3rd quarter. Captrust Financial Advisors now owns 523 shares of the company’s stock valued at $46,000 after purchasing an additional 154 shares in the last quarter.

About Boot Barn (Get Rating)

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.

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