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 dated Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total transaction of $965,456.78. Following the sale, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Boot Barn Trading Up 3.9 %

BOOT opened at $158.50 on Friday. The firm has a 50 day moving average of $142.01 and a two-hundred day moving average of $141.94. The firm has a market capitalization of $4.84 billion, a PE ratio of 31.83 and a beta of 2.10. Boot Barn Holdings, Inc. has a 12-month low of $68.37 and a 12-month high of $169.83.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on BOOT. Craig Hallum cut shares of Boot Barn from a “buy” rating to a “hold” rating and increased their target price for the company from $154.00 to $162.00 in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on Boot Barn from $160.00 to $181.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Williams Trading restated a “buy” rating and set a $173.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. Baird R W upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler reissued an “overweight” rating and issued a $179.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.55.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BOOT. GHP Investment Advisors Inc. purchased a new position in shares of Boot Barn during the 3rd quarter valued at approximately $25,000. Canada Pension Plan Investment Board purchased a new position in Boot Barn in the second quarter valued at $64,000. GAMMA Investing LLC boosted its stake in shares of Boot Barn by 100.8% during the 3rd quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock worth $89,000 after acquiring an additional 268 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Boot Barn during the 3rd quarter valued at about $92,000. Finally, KBC Group NV increased its stake in shares of Boot Barn by 23.3% in the 3rd quarter. KBC Group NV now owns 951 shares of the company’s stock valued at $159,000 after purchasing an additional 180 shares in the last quarter.

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.