Insider Selling: Boot Barn Holdings, Inc. (NYSE:BOOT) Insider Sells 1,087 Shares of Stock

Boot Barn Holdings, Inc. (NYSE:BOOT – Get Rating) insider John Hazen sold 1,087 shares of the company’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $66.69, for a total value of $72,492.03. Following the completion of the sale, the insider now owns 15,319 shares in the company, valued at $1,021,624.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, May 23rd, John Hazen sold 6,312 shares of Boot Barn stock. The shares were sold at an average price of $74.51, for a total value of $470,307.12.
• On Friday, May 20th, John Hazen sold 3,107 shares of Boot Barn stock. The shares were sold at an average price of $76.76, for a total value of $238,493.32.
• 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 stock was sold at an average price of $100.44, for a total value of $1,130,351.76.

NYSE BOOT traded up $7.11 on Wednesday, reaching $73.86. The company had a trading volume of 1,191,801 shares, compared to its average volume of 636,029. The stock’s 50 day moving average is $92.61 and its 200-day moving average is $101.31. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 0.59 and a beta of 2.78. Boot Barn Holdings, Inc. has a 52 week low of $65.79 and a 52 week high of $134.50.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Man Group plc increased its holdings in Boot Barn by 570.3% in the third quarter. Man Group plc now owns 16,503 shares of the company’s stock valued at $1,467,000 after purchasing an additional 14,041 shares during the last quarter. Aviva PLC bought a new stake in shares of Boot Barn in the fourth quarter worth about $2,711,000. Maryland State Retirement & Pension System increased its holdings in shares of Boot Barn by 1.6% in the fourth quarter. Maryland State Retirement & Pension System now owns 11,804 shares of the company’s stock worth $1,452,000 after acquiring an additional 184 shares in the last quarter. Congress Wealth Management LLC DE bought a new stake in shares of Boot Barn in the fourth quarter worth about $8,428,000. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Boot Barn by 924.3% in the third quarter. Rockefeller Capital Management L.P. now owns 379 shares of the company’s stock worth $33,000 after acquiring an additional 342 shares in the last quarter.

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

Boot Barn Company Profile (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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